Max Keiser: Institutional FOMO Will Lead to Bigger Moves for Bitcoin

Russia Today presenter and one of the first people to publicly endorse Bitcoin (BTC), Max Keiser, has reaffirmed his belief that Bitcoin is going past $100,000. The long-term proponent of the most popular crypto asset stated that institutional investors are likely to drive the price even higher than seen during recent price rallies as “fear of missing out” kicks in amongst those with the deepest pockets.
Keiser also stated that December’s low of $3,200 would serve as the ultimate bottom for BTC. For him, the price will only continue to surge from here as Bitcoin captures a share of more traditional store of values’ markets.
Keiser Bought Bitcoin at a Dollar and is Yet to Sell a Satoshi
Long-term Bitcoin proponent and Russia Today journalist Max Keiser recently appeared on a Kitco News segment discussing the crypto asset space. In town because of New York Blockchain Week being held at the moment, Keiser sported a pristine white suit and impressive Bitcoin tie for the occasion.

Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging
Wednesday May 22, 2019

Crypto markets remain range bound; Binance Coin and Bitcoin SV lifting off, ETH grinding up. Market Wrap Crypto markets are still flat today as the consolidation continues. There has been very little movement on...

The post Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging appeared first on 12bitplay - Bitcoin Play.

#Bitcoin, not gold, is the best store of value, according to Max Keiser, host of the Keiser Report, who maintains his $100,000 bitcoin call@DanielaCambone @maxkeiser #gold #Fed #KitcoNews #KeiserReport #economy https://t.co/3FQM8NGStb
— Kitco NEWS (@KitcoNewsNOW) May 14, 2019

Analyst: Despite Bitcoin’s Current Stability, a 30% Pullback Could be Imminent
Wednesday May 22, 2019

Despite facing some levels of volatility over the past week, Bitcoin has now been able to find some stability and is hovering right below the $8,000 level. It is important to note that BTC...

The post Analyst: Despite Bitcoin’s Current Stability, a 30% Pullback Could be Imminent appeared first on 12bitplay - Bitcoin Play.

He was first asked about where BTC price was heading, to which the crypto evangelist stated that the recent announcement that the Federal Reserve was going to allow permanent quantitative easing was a signal to him that the previous Bitcoin low of $3,200 last December was the ultimate bottom of the market. He refers to the policy as:
“Completely irresponsible, global shenanigans.”
Keiser believes that hunger for a store-of-value asset is growing as the world continues to de-dollarise, and investors seek out alternate ways to protect their wealth. He argues that gold is too manipulated for many. For the RT News presenter, this will ultimately lead to greater demand for Bitcoin:
“To capture a piece of the gold market, you’re talking $60-, $70-, $80-, $100,000 a Bitcoin.”
The presenter then asked Keiser about his long-term outlook and if he had taken profit during any of the previous bull markets. Keiser responded simply:
“I have not sold any Bitcoin because my price target is $100,000 and beyond.”
He went on to argue that if Bitcoin continues to prove itself a store-of-value and the market capitalisation continues to grow as he expects it to, BTC will become more useful. Since it will take more money to move the market in any sort of meaningful way, volatility will be greatly reduced at $100,000+ Bitcoin prices. This will make it more usable as a medium of exchange. Eventually this will lead to it being considered a unit of account since commodities can be easily priced in stable assets.
Just like retail “fear of missing out” caused the Bitcoin price to soar in late 2017, Keiser believes the same common market phenomena will occur during the next bull run only this time with institutional investors. With the likes of TD Ameritrade, Fidelity, Bakkt, and others all positioning themselves to take advantage of institutional demand for BTC, once those with the deepest pockets start to think that Bitcoin is the must-have investment, price could well hit this $100,000 level faster than most people think possible.
 
Related Reading: The Case for Bitcoin as a Store-of-Value, Can it Really Rival Gold Going Forward?
Featured Image from Shutterstock.
The post Max Keiser: Institutional FOMO Will Lead to Bigger Moves for Bitcoin appeared first on NewsBTC.

Crypto Tidbits: ‘Spedn’ Bitcoin At Whole Foods, Cryptocurrency Cynic Flips Bullish, And Bakkt Looms
Saturday May 18, 2019

Another week, another round of Crypto Tidbits. Over the past week, Bitcoin (BTC) has traded in a crazy range, moving between $6,000 and $8,350 in a fashion that seems very reminiscent of 2017. This...

The post Crypto Tidbits: ‘Spedn’ Bitcoin At Whole Foods, Cryptocurrency Cynic Flips Bullish, And Bakkt Looms appeared first on 12bitplay - Bitcoin Play.

You may also like...