Max Keiser “BTC, This bull market target 500,000 dollars… Prediction of large-scale institutional funds inflow”

Bitcoin bull Max Keiser has raised the target price for BTC in this upward cycle to $500,000. He analyzed that turmoil in the bond market and a collapse of trust in governments are encouraging institutional investors' inflow into Bitcoin.

In an interview with foreign media BeInCrypto, Keiser said, “The rise in bond yields of major countries reveals the market's distrust that governments cannot control the global inflation tsunami,” adding, “Bitcoin is acting as the ultimate hedge against inflation.” He mentioned the possibility of institutional funds up to $5 trillion flowing into BTC and raised the target price for BTC from the previous $200,000 to $500,000.

In fact, the bond markets of Japan and the United States are experiencing extreme anxiety. The yield on Japan's 40-year government bonds once soared to 3.689%, while the yield on the 30-year U.S. government bond also rose to 5.04%, stimulating the market. Experts interpret this as a signal that the safety network of the existing financial system is collapsing.

The movement of companies to adopt Bitcoin is also accelerating. Japan's Metaplanet abandoned its hotel-centric business model and shifted to a BTC-centric strategy. As a result, the stock price emerged as one of the most actively traded stocks on the Japanese stock exchange. On the same day, May 28, Korea time, GameStop announced that it purchased Bitcoin worth about $512 million, attracting market attention.

The minutes of the U.S. Federal Open Market Committee (FOMC), which will be released on this day, could also be a variable affecting the market. The expectation for a rate cut by the Federal Reserve remains low, and the interest rate policy is expected to become an important clue for the future direction of the cryptocurrency market.