Bitcoin advocate Max Keiser believes that Bitcoin could reach $220,000 due to its status as a safe haven asset, similar to gold.
Keiser expects an announcement at the BRICS summit in 2024 regarding the launch of a gold-backed currency, which could impact the dominance of the US dollar.
Keiser mentions the correlation between the price movements of gold and Bitcoin, highlighting Bitcoin's potential as a safe haven investment.
BitMEX founder Arthur Hayes also predicts a bull run fueled by money creation following the U.S. government's financial response to conflicts in the Middle East.