Popular TV host and longtime Bitcoin spokesman Max Keizer believes futures traders are suppressing Bitcoin’s price at the current level. However, when the asset explodes to the Emperor’s intermediate target of $ 28,000, BTC’s amounts for sale will evaporate when governments and institutions buy directly from miners.
Emperor: Governments and institutions will rush to buy BTC
Keizer recently tweeted that “the (temporary) Bitcoin price suppression scheme is a gift for poor people to stack rate * now * before retail liquidity dries up and the price rises to gold parity levels around $ 400,000.”
CryptoPotato reached out to the popular TV host to elaborate on his views on price reduction and potential increase in value. Keizer argued that “for the poor of the world, the current price and availability of BTC is a unique opportunity to acquire uncontrollable hard cash before a 40-80x move upside down.”
He commented that his “forensic analysis of the BTC market, confirmed by insiders, indicates that futures traders are suppressing the BTC price to give institutional players a chance to load the boat.” He also gave his intermediate price target of $ 28,000 per. Coin. When cryptocurrency reaches this level, it would be a significant game changer for people’s perception of the asset.
“When this happens, we will see something completely unexpected. The retail market for BTC is drying up. The quantity of BTC for sale AT ALL PRICES is getting smaller and smaller.
Institutions, companies, and governments buy BTC directly from miners, presumably at a huge premium. ”
People like Warren Buffett will suffer
Keizer, who previously said Warren Buffet would start panicking to buy Bitcoin when the asset price jumps to $ 50,000, said people like the prominent investor who have no Bitcoin exposure will see “their wealth hyperinflate to nothing. “
It’s no secret to society that Buffett is not a fan of the primary cryptocurrency. He once called Bitcoin “rat poison”, and even a charity start with TRON’s Justin Sun could not change his mind. Shortly after the event, Buffett insisted that BTC has no value “and never will.”
However, Buffett recently bought a massive stake in a gold-producing mining company while reducing its exposure in significant banks such as JPMorgan Chase & Co and Wells Fargo & Co.
Keizer believes those who had taken a similar path and bought gold and silver will be less affected. Nevertheless, even gold holders will “see their fortune take a relative nosebleed against investors who are 100% BTC.”
Highlighted image courtesy of RT
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