Max Keiser, a vocal Bitcoin supporter, and an anchor at Russia Today has tweeted that if the hyperinflation of fiat currencies around the world continues, Bitcoin may reach the $220,000 price level later this year.
Recently, the U.S. Senate passed another stimulus package worth $1.9 trillion to be distributed in stimulus checks worth $1,400, increasing the amount of money in circulation and fueling the inflation that leading economists and macro investors expect to follow.
However, some also believe—Mike Novogratz, CEO of Galaxy Digital among them—that many young people in the U.S. who will be getting those anti-crisis payouts from the government will want to buy Bitcoin with them.
