Keizer: Governments and institutions will rush to buy BTC
Emperor recently tweeted that “the (temporary) Bitcoin price suppression program is a boon to the poor who can stack sats * now * before retail liquidity dries up and prices hit gold parity levels of around 400 $ 000. ”
CryptoPotato contacted the popular TV host to explain his take on the price cut and the potential rise in value. Keizer asserted that “For the world’s poor, the current price and availability of BTC is a unique opportunity to acquire non-confiscible hard money before a 40-80x move upward.
He commented that his “insider corroborated forensic analysis of the BTC market indicates that futures traders are removing the price of BTC to give institutional players a chance to load the boat.” He also gave his midpoint price target of $ 28,000 per coin. Once cryptocurrency hits that level, it would be a game-changer for how people perceive the asset to be.
“When that happens, we’ll see something quite unexpected. The BTC retail market is going to dry up. The amount of BTC for sale at ANY PRICE will be increasingly minimal.
Institutions, businesses and governments will buy BTC directly from miners, presumably at a very high price. “
People like Warren Buffett will suffer
Keizer, who previously said Warren Buffet would start to panic buying Bitcoin when the asset’s price climbs to $ 50,000, said people like the prominent investor, who have no exposure to Bitcoin, will see “Their wealth hyper-inflated to nothing”.
It’s no secret to the community that Buffett isn’t a fan of the mainstream cryptocurrency. He once called Bitcoin a “poison rat,” and even a charity launch with TRON’s Justin Sun couldn’t change his mind. Shortly after the event, Buffett insisted that BTC had no value “and never will be.”
However, Buffett recently bought a massive stake in a gold-producing mining company while reducing his exposure in major 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. Nonetheless, even gold holders “will see their wealth hurt a bit more against 100% BTC investors.”
Image courtesy of RT
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