Those who have decided not to expose themselves to Bitcoin, such as well-known investor Warren Buffett, will see their wealth deflate to nothing as Bitcoin's price skyrockets to 40-80 times what it is today, says Max Keizer.
Popular TV host and longtime Bitcoin backer Max Keizer believes futures traders are squeezing the price of Bitcoin to current levels. However, once the asset explodes to reach Keiser's interim target of $ 28.000, governments and institutions will buy directly from miners.
Keizer: governments and institutions will rush to buy BTC
Keizer recently tweeted that “Bitcoin's (temporary) price compression scheme is a godsend for the poor who can accumulate sat now, before retail liquidity dries up and the price rises to levels comparable to gold. , around $ 400.000.
Keizer said that "for the world's poor, the current price and availability of BTC is a unique opportunity to acquire safe, non-confiscable money before a move up by 40-80x."
He specified that his "forensic analysis of the BTC market, corroborated by some insiders, indicates that futures traders are squeezing the price of BTC to give institutional players the opportunity to load the boat".
He also gave his interim price target of $ 28.000 per coin - here the real one quotation. Once cryptocurrency reaches that level, it would be a significant turning point for people's perception of the asset.
“When that happens, we will see something quite unexpected. The BTC retail market will dry up. The amount of BTC for sale “at any price” will be smaller and smaller. Institutions, companies and governments will buy BTC directly from miners, presumably with a huge prize ”.
People like Warren Buffett will suffer
Keizer, who previously said Warren Buffet will start panicking buying Bitcoin when the asset's price rises to $ 50.000, said people like the leading investor, who have no exposure to Bitcoin, will see " their wealth swell to zero ".
It's no secret to the community that Buffett isn't a fan of the largest cryptocurrency in the world. He once called Bitcoin "rat poison" and even a charity launch with TRON's Justin Sun couldn't 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 mining company by reducing its exposure to significant banks such as JPMorgan Chase & Co and Wells Fargo & Co.
Keizer believes those who have taken a similar path and bought gold and silver will be less affected. However, even gold holders "will see their wealth take a relative nosedive against investors who are 100% BTC".
