Max Keiser Predicts Bitcoin Could Hit $200K as Stablecoin Treasury Buys Fuel Demand

In a rapidly evolving digital asset landscape, Bitcoin (BTC) could be on track to surpass $200,000, according to early Bitcoin advocate Max Keiser. His bold forecast stems from the growing influence of stablecoins—digital assets pegged to fiat currencies—as major players begin allocating interest from U.S. Treasury holdings into Bitcoin.

Stablecoins have seen explosive growth this year, with total market capitalization climbing nearly 20% in under five months—rising from $203 billion in January to nearly $243 billion today. Leading the charge is USD1, the Trump-affiliated World Liberty Financial (WLFI) stablecoin, which recently crossed the $2 billion valuation mark. Tether, the issuer of USDT—the world’s largest stablecoin—is reportedly planning to expand its lineup with a new dollar-backed token.

U.S. Treasury analysts now project the stablecoin market could hit $2 trillion by 2028, fueled by shifting financial incentives and continued institutional interest.

However, Max Keiser warns that this adoption is a double-edged sword. In a recent interview, he argued that dollar-pegged stablecoins may be distorting global demand for USD and redirecting attention away from Bitcoin—at least in the short term. “Stablecoin issuers are the last bastion of dollar demand globally,” Keiser said, cautioning that they are "working the U.S. dollar to death" while using interest earned on treasuries to quietly buy up Bitcoin below $100,000.

Keiser further warns that this behavior could complicate plans for a U.S. Strategic Bitcoin Reserve—a national initiative he supports, which would see the country acquire Bitcoin as a long-term hedge.

Still, he sees a tipping point ahead. As Bitcoin edges closer to the $200,000 threshold, Keiser predicts a surge of “panic buying” from governments and investors who’ve relied too heavily on stablecoins. “When Bitcoin crosses $200,000, the scramble will begin,” he said.

Longer term, Keiser envisions a far more dramatic shift in monetary dynamics. He believes that fiat currencies like the euro and yen will eventually lose all value against the dollar and, ultimately, against Bitcoin. This, he claims, could push Bitcoin as high as $2.2 million during this cycle, driven by institutional FOMO and competition between crypto investment firms like 21 Capital and MicroStrategy.

Quick Hits from the U.S. Crypto Market:

• Crypto markets shrugged off new Trump-era tariffs, recording $2 billion in inflows last week—the third straight week of gains.
• Tether announced a new open-source AI initiative, “Tether.ai,” focused on decentralized AI agent deployment via blockchain.
• Bitcoin’s dominance in the market surged to nearly 65%, its highest level since 2021, raising questions about a potential altcoin season.
• Elon Musk’s latest X username change, “gorklon rust,” sparked meme coin mania with some tokens surging over 7,000%.
• Solana addressed a major vulnerability in its Token-2022 standard that previously allowed unauthorized minting and fund withdrawals.
• In regulatory news, Indonesia suspended Worldcoin and WorldID over unregistered activity and legal compliance issues.