Bitcoin Bull Max Keiser Believes Institutionalised Fomo Will Lead to Bigger Market Moves

Bitcoin Bull Max Keiser Believes Institutionalised Fomo Will Lead to Bigger Market Moves


Max Keiser, a well known figure from Russia Today, and a vocal supporter of Bitcoin and cryptocurrencies for some time now, has said that he still strongly believes that Bitcoin will go past $100,000.

Part of his reasoning behind this has to do with the institutionalized drive which is slowly picking up pace and that those institutions that are not getting onboard in the early stages will soon have Fomo (Fear of Missing Out).

This Fomo will be a big driver for the Bitcoin price as huge sums of money flock to the Bitcoin space and drive up the demand for the already limited digital currency. He also added that the recent low seen in December, of $3,200, will be the ultimate bottom and probably never seen again.

Money where his mouth is

Keiser is famed for his evangelical thoughts on Bitcoin and has said before that he bought the cryptocurrency when it was worth mere dollar and has still not sold it. The RT News man believes that hunger for a store-of-value asset is growing as the world continues to de-dollarize, and investors seek out alternate ways to protect their wealth.

He also argues that gold is too manipulated for many despite those same concerns being level at cryptocurrency. For the RT News presenter, this will ultimately lead to greater demand for Bitcoin:

To capture a piece of the gold market, youre talking $60-, $70-, $80-, $100,000 a Bitcoin. I have not sold any Bitcoin because my price target is $100,000 and beyond, he said.

Becoming a useful store of value

For Keiser, the value of the digital currency is not so much in transferring value and using it as a functioning currency, he sees it more as a store of value and that if it can prove this and the market capitalisation continues to grow as he expects it to, Bitcoin will become more useful.

However, he does add that if bitcoin can attract those who have Fomo, and the price can push towards $100,000, then its function as a currency will be reignited. Bitcoin at that price will be far less susceptible to volatility and this in turn will make it a usable as a medium of exchange.

Evidence of enterprise adoption

There has been a clear and obvious shift in the approach from major institutions and enterprise businesses when it comes to Bitcoin and blockchain as an underlying technology. There are more and more reported instances of big corporations exploring and expanding the blockchain space while others find uses for currency decentralised cryptocurrencies as well as their own chains.

This is bound to create more traction, especially with a rising price, and with that increase in use cases, the Fomo that Kieser talks of is sure to escalate.



The post Bitcoin Bull Max Keiser Believes Institutionalised Fomo Will Lead to Bigger Market Moves appeared first on Ethereum World News.

15.05.2019 / 03:20 12
Max Keiser: Institutional FOMO Will Lead to Bigger Moves for Bitcoin Max Keiser: Institutional FOMO Will
Russia Today presenter and one of the first people to publicly endorse Bitcoin (BTC), Max Keiser, has reaffirmed his belief that Bitcoin is going
Max Keiser: Feds Permanent QE Flipped Bitcoin Price Bullish (Interview) Max Keiser: Feds Permanent QE
Max Keiser shares his thoughts with Bitcoinist on JPM Coin, Warren Buffets anti-Bitcoin comments, and what permanent QE means for BTC price in the
Max Keiser: There Is No Bigger Rat Than Warren Buffett Max Keiser: There Is No Bigger Rat
In news that should surprise nobody, billionaire investor Warren Buffett has once again thrown shade at Bitcoin (BTC) and the accompanying
Bitcoin (BTC) is Set to Become the Worlds Reserve Currency, Max Keiser Says Bitcoin (BTC) is Set to Become the
Despite the bearish run of 2018, Max Keiser is a fervent believer that Bitcoin will grow not only in price but also in adoption and thinks that 2019
The New World Reserve Currency Will Invariably Be Bitcoin, Says Max Keiser The New World Reserve Currency Will
In hisfirstNew Year show, Max Keiser looks at what an increasingly de-globalized, de-dollarized worldcould mean for Bitcoin. Swift Decline For The
Bitcoin on the Verge of Global Institution-Driven FOMO Rally, Says deVere CEO Bitcoin on the Verge of Global
Despite cryptocurrencies continuing to struggle throughout 2018, one finance executive thinks that a global FOMO rally is close to occurring.
Comments (0)
Add a comment
Comment on