Popular TV presenter and longtime Bitcoin supporter Max Kaiser believes futures traders are suppressing the price of Bitcoin at current levels. Once the asset explodes to Keiser’s $ 28,000 intermediate target, the amount of BTC for sale will evaporate as governments and institutions buy directly from miners.
Keizer: Governments and institutions will rush to buy BTC
Keizer recently tweeted that “the (temporary) bitcoin price suppression scheme is a godsend for poor people to arrange watches * now * before retail liquidity dries up and price jumps to gold parity levels of about $ 400,000 “
CryptoPotato turned to the popular TV presenter to clarify his views on price suppression and the potential jump in value. Kaiser claims that “for the world̵
He commented that his “forensic analysis of the BTC market, confirmed by insiders, shows that futures traders are suppressing the price of the BTC to give institutional players a chance to load the boat.” He also gave his average price target of $ 28,000 per coin. Once the cryptocurrency reaches this level, it would significantly change the game for people’s perception of the asset.
“When that happens, we will see something completely unexpected. The retail market for BTC will dry up. The amount of BTC for sale at any cost will become less and less.
Institutions, corporations and governments will buy BTC directly from miners, probably at a huge premium. “
People like Warren Buffett will suffer
Kaiser, who previously said that Warren Buffett would start panicking about buying bitcoin when the price of assets jumped to $ 50,000, said that people like prominent investors who are not exposed to bitcoin will see “their wealth hyperinflated. to nothing. “
It’s no secret to the community that Buffett is not a fan of the main cryptocurrency. He once called Bitcoin “rat poison” and even a charity initiative with Justin Sun of TRON could not change his mind. Shortly after the event, Buffett insisted that BTC had no value “and never will.”
However, Buffett recently bought a huge stake in a gold mining company, while reducing its exposure to significant banks such as JPMorgan Chase & Co and Wells Fargo & Co.
Keizer believes that those who have taken a similar path and bought gold and silver will be less affected. Nevertheless, even gold holders “will see that their wealth rises relative to investors who are 100% BTC.”
Presented image courtesy of RT
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