[US Morning Briefing] Max Kaiser: “Bitcoin’s New Target Price is $500,000”

Welcome to the US Cryptocurrency Morning Briefing. We will briefly summarize today's key cryptocurrency developments.

Read experts' opinions on the BTC price while having coffee. Bitcoin's status as a hedge against economic uncertainty is increasingly becoming mainstream amid rising sovereign bond yields. Global inflation is presenting a major challenge to governments.

Today's Cryptocurrency News, Max Keiser Bitcoin $500,000 Outlook

According to recent US cryptocurrency news, Japanese bond yields are reaching decades-high levels. However, this trend is raising concerns about fiat currency collapse beyond the East Asian island nation and globally.

Veteran investor and Bitcoin advocate Max Keiser believes global bond yield increases signal fiat currency trust collapse. He says this could lead to institutional fund inflows into Bitcoin.

"Rising sovereign bond yields demonstrate that governments cannot stop the global inflation tsunami," Keiser exclusively told BeInCrypto.

Based on this outlook, Keiser calls Bitcoin the ultimate inflation hedge. He expects up to $5 trillion to flow into Bitcoin in the short term and has revised his BTC price target to $500,000.

"Since Bitcoin is the ultimate inflation hedge, we expect $5 trillion to flow into Bitcoin in the short term, which means the short-term target is from $200,000 to over $500,000," Keiser added.

Recent US cryptocurrency news from BeInCrypto previously reported Keiser's initial Bitcoin price target at $200,000. At the time, he mentioned stablecoin issuers using Treasury yields to purchase Bitcoin.

His latest $500,000 Bitcoin price forecast aligns with Standard Chartered's outlook recently reported in US cryptocurrency news.

Keiser's explosive prediction comes as US and Japanese bond markets are under stress, amplifying fears of a macroeconomic reset.

The US 30-year Treasury yield closed at 5.04% on Friday, briefly reaching 5.15%, the first time since the October 2023 debt crisis. The 20-year yield has also recorded over 5% for three consecutive days, warning of deepening long-term debt imbalances.

The yield revival was triggered by weakened demand for Japan's 40-year government bonds during the week, recording the lowest demand since July 2023.

This raised concerns about a potential unraveling of the global carry trade, where investors borrow cheaply in Japan to purchase higher-yielding US assets, and possible capital outflows from the US.

Japan's bond market is experiencing similar pressures and facing a liquidity crisis. The 40-year bond yield surged to a record high of 3.689% before slightly easing to 3.318%, still nearly 70bp (9bp) higher compared to the beginning of the year.

Japan's 30-year and 20-year yields have also risen over 60bp and 50bp respectively, approaching historical peaks.

Some investors interpret these market fluctuations as the collapse of traditional bond safety nets, once considered the ultimate refuge during uncertain times.

According to Keiser, Bitcoin's fixed supply and independence from central bank policies are becoming increasingly attractive in such an environment.

Japan's Metaplanet and FOMC Signals... Bitcoin Rising

To provide more context, Agne Lingė, growth lead at decentralized on-chain bank WeFi, told BeInCrypto that today's FOMC meeting minutes could provide additional clarity. However, the DeFi expert does not expect a dovish pivot.

"The US May 28 FOMC meeting will reveal notable aspects. The likelihood of the Fed cutting rates in June is low. The global economy and markets feel too uncertain," Lingė said.

Lingė also emphasized Metaplanet's rising role in the Japanese Bitcoin narrative, noting that Metaplanet continues to sail.

BeInCrypto reported that Metaplanet's Bitcoin holdings have attracted both support and skepticism. Institutional traders are favoring Bitcoin while shorting stocks by exploiting valuation gaps.

"Also notable is the Japanese economy and Metaplanet. Metaplanet became the most traded stock in Japan in a single day. Metaplanet has transformed from a hotel business to one of the largest Bitcoin buyers. As the stock is actively traded, it has become a popular short-selling stock," she said.

With sovereign debt markets shaking and global monetary policy remaining hawkish, Bitcoin is re-emerging as a macro hedge.

Interestingly, this appeal is expanding beyond institutions to national and corporate treasuries.

Today's Chart

This chart shows the US 30-year Treasury bond yield from January to May 2025. It peaked at the end of April and slightly declined, reflecting market volatility and interest rate trends.

Byte Size Alpha

Today's notable US cryptocurrency news summary:

• GameStop purchased 4,710 BTC, worth approximately $512 million, indicating a major move into digital assets.
• Michael Saylor decided not to disclose MicroStrategy's Bitcoin wallet, citing security risks and calling reserve proof a "cryptocurrency trick".
• Coinbase helped US authorities arrest Chirag Tomar for a $20 million cryptocurrency theft through blockchain forensics using a fake Coinbase website.
• Gemini's 2025 report shows over 30% of new cryptocurrency users start with meme coins, serving as a major gateway to Bitcoin, Ethereum, and ETFs.
• Cetus Protocol promises 100% compensation for over $220 million in losses due to a code bug on May 22.
• Grayscale launched an AI cryptocurrency sector with 20 altcoins, focusing on AI development and usage.
• Ethereum struggles below $2,700, with a 4.4 billion supply zone of 1.67 million ETH creating strong selling pressure.
• HBAR faces a weak MACD crossover after 7 weeks, indicating increased selling pressure and decreased upward momentum.

Cryptocurrency Stock Pre-Market Overview