• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

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

Rick Delafont by Rick Delafont
3 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 3 mins read
Advertisement

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.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

#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

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:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“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.
Tags: bitcoinbullishMax Keiser
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

Dogecoin

Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps?

7 hours ago
Cardano

Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls

8 hours ago
Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

18 hours ago
Bitcoin

Can This Bitcoin Ratio Have Hints For A Bottom?

1 day ago
Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

2 days ago
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

A LPL-like tournament in the GameFi circle, offering 500K USD in total prize: DracooMaster Champion Series 2022 unveiled

July 3, 2022

GRN (G) Gets Listed On XT.com

July 3, 2022

Fitmint Raises $1.6 Million to Power Up Move-to-Earn Revolution

July 3, 2022

Three Meme Tokens Making Big Strides This Year: Big Eyes (BIG), GM Wagmi (GM), and Dogelon Mars (ELON)

July 3, 2022

Xchange Monster (MXCH), bringing the GameFi Revolution Now

July 3, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.