The RMB “breaks seven”, the Litecoin halved, and Bitcoin has crossed $15,000 this week?

On August 5th, Beijing time, the US dollar against the RMB exchange rate “breaking seven”, the market risk aversion rose, while Bitcoin rose above 11,000 US dollars, or more than 6%, a new high in August. At the same time, Litecoin will officially "half" at around 18 o'clock today. The analysis suggests that Bitcoin is likely to cross the $15,000 mark this week.

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Max Keiser is a former Wall Street trader, cryptocurrency analyst and host of the RT program Keiser Report. He said he believes Bitcoin will break through $15,000 this week.

On Twitter, released on August 3, Keiser said he "feels that Bitcoin will break through $15,000 this week." He further stated that people's confidence in the central government, the central bank and the centralized legal currency is at its lowest level in decades. He pointed out:

"I have confidence. So I burned another 10,000 dollars to buy coins. Correlation is not equal to causality, but as long as I burn a few thousand dollars, the price of BTC will rise sharply."

Bullish forecast

Keiser's forecast appears to be in line with a recent report by digital asset research firm Delphi Digital. According to the report, the macroeconomic situation is creating a “perfect storm” that triggers the rise in bitcoin prices.

This report says:

“First of all, it can be said that the most important point is that the global central bank’s sentiment has changed dramatically and turned to a more moderate monetary policy. The Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China and many other institutions are preparing for market participants. More interest rate cuts and additional incentives to maintain the current economic expansion."

As reported in June this year, when bitcoin prices broke through $11,000, Keiser took the lead in counterattacking Bitcoin opponents, mainly for gold enthusiasts. Earlier, several investors claimed that although Bitcoin performed well, Bitcoin was still not as good as gold.

In the same month, he also commented on Bitcoin's computing power hitting a record high, saying that computing power is a good indicator of price movements.

According to QKL123 market data, Bitcoin has exceeded $11,500 at the time of publication, with a 24-hour increase of 6.7%.