Bitcoin (BTC) bull Max Keiser argued that the global bond market crisis could trigger a Bitcoin price surge. He compared the Japanese 10-year government bond yield to a "fuse" and predicted that Bitcoin could reach up to $800,000 (approximately 1.112 billion won).
In a recent interview with a Bitcoin-specific media outlet, Keiser explained, "The core indicator supporting the global financial system is the Japanese 10-year government bond yield" and "Currently at around 3.5%, if it rises further, it will lead to the collapse of the 'yen carry trade' that has continued for decades." He diagnosed that the structure of Wall Street and global financial institutions borrowing money at ultra-low rates in Japan and investing in high-risk assets is in serious danger.
He further stated, "If the Japanese government sells a large number of US Treasury bonds for fiscal defense, it will become a 'bond apocalypse' that triggers a domino collapse of the global bond market" and "If this situation becomes a reality, massive funds are likely to flow out of government bonds and into Bitcoin." Keiser emphasized that Bitcoin could surge to $500,000-$800,000 (approximately 695 million-1.112 billion won) in such an environment.
However, the market remains confused and anxious. Bitcoin is currently trading slightly below $103,000 (approximately 143.17 million won) and has dropped about 4% in the past 24 hours. An anonymous trader 'Mr Wall Street' suggested that prices could adjust to the $93,000-$95,000 (approximately 129.27-132.05 million won) range in the short term, analyzing that "the chart is indicating a deeper decline".
On the other hand, some experts are focusing on hopeful signals. Analyst Axel Adler Jr. assessed that "the phenomenon of increasing liquidation without a strong price drop suggests a positive trend indicating buying support". On-chain data analyst DeFiTracer diagnosed that with the easing of Middle Eastern tensions and US Federal Reserve official Christopher J. Waller mentioning the possibility of a July rate cut, the market could gradually enter a "confidence zone".
While it remains uncertain whether Keiser's prophecy will actually be realized, the market's movements are expected to receive more attention as global macroeconomic uncertainty and Bitcoin's alternative demand as a digital asset intersect.
Real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
