“There is no top price for Bitcoin because there is no bottom for fiat money(currency)” said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value.
Keiser, who is also the Co-Host of The Orange Pill Podcast spoke to David Lin, anchor for Kitco News.
“If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”