while the price of multiple cryptocurrencies continue to see their values soar the current price of bitcoin suggests it is still very much the father of digital money . max keiser host of russia todays keiser report agrees and believes that bitcoin will ultimately reach a price of $ 100000 .
the price of bitcoin hit an all time high over the weekend moving past the $ 8000 mark following an uncertain couple of months that had the segwit2x fork hanging over the market like a dark cloud . yesterday bitcoin continued its rise nearly touching $ 8400 and establishing another all time high .
keiser believes that bitcoins ability to survive numerous changes and countless altcoin competitors proves it is the most dependable cryptocurrency ;
bitcoin will dominate and lead crypto going forward . hundreds of obituaries have been written about bitcoin and none of them have come true and none will .fact is bitcoin is a gift from god to help humanity sort out the mess it has made with its money .
Identity Crisis
while keisers assertions bode well for bitcoin it does not change the fact that the network is still facing growing pains . segwit2x may have been abandoned for now but the short comings it aimed to solve are ever present . the simple fact is that the increasing amount of transactions are putting strain on the network capacity and the backlog of transactions makes bitcoin cumbersome as a payment method .
however keiser believe he has an answer for that ; bitcoin should focus on its role as digital gold and leave the job of payments to others .
Wall Street Money
many investors seem to be responding well to the narrative of bitcoin as digital gold . theres a lot of talk of mainstream institutional investors breaking into the market with massive billion dollar investments . indeed a plethora of good news has recently buoyed bitcoins price with much of it relating to bitcoins growing connections to traditional finance . the biggest news by far is CME upcoming launch of a regulated bitcoin futures market with major hedge funds announcing they will begin trading the digital currency as soon as this futures market goes live .
suddenly keisers prediction of bitcoin hitting a $ 100000 high does not seem so far fetched . the broadcaster likened bitcoins emergence resilience and success to apple .
Planet Changing
in august cointelegraph interviewed keiser about dash sponsorship of his great american pilgrimage . during the interview he made this prediction about the future of digital currency .