Max Keiser: Bitcoin is Falling Due to Growth of US Government Bond Yields

Max Keiser, TV presenter and founder of Heisenberg Capital, has linked the decline of Bitcoin’s price in August of 2021 to the increasing yield on US Treasury bonds.

“Rising rates will continue to challenge the price of Bitcoin with the flow of capital into high-yield instruments,” he said.

This followed shortly after a report indicated that 10-year Treasury bonds were close to a 2008 high yield.

The Kobeissi Letter reported that this increase of yield would lead to over 8% mortgages and credit card rates of over 30%.

Back in August of 2020, Keiser correctly predicted the growth of Bitcoin above $28,000 and had previously predicted a further rise to $220,000 – which has yet to happen.

Additionally, in May of 2021, Keiser showed his agreement with the opinion of the SEC’s Chairman Gary Gensler, who stated that all digital currencies aside from Bitcoin were securities.

The most recent fall in Bitcoin’s price to $25,000, noted on Thursday, August 17, was attributed to Elon Musk’s SpaceX Bitcoin sale, Evergrande’s real estate crisis and a major market participant’s sale.