Perennial bitcoin bull and crypto commentator Max Keizer According to an impending Bitcoin supply crisis, the price of BTC will rise to a new all-time high.
I talked about it recently interview With Take The Orange Pill, Keizer said that the dwindling availability of Bitcoin would force institutions to buy the crypto-asset, which would drive the price exponentially.
Keizer said the market for Bitcoin had shifted from “false volume to real volume” in recent years as investors went through the available supply. He called the end result “pricing” and predicted that it would lead to an influx of institutional investment.
He said to the host: “I think it’s going to happen pretty soon that the Michael Saylor guy or some company guy or institution comes in with a job to buy $ 10 to $ 20 billion worth of bitcoin and suddenly discover it within a few trades, that there is no offer at all, and then suddenly the price will fluctuate from $ 37,000 to $ 47,000 to $ 52,000. “
Keizer said crypto investors had been misled into thinking that “there is supply out there”. He claimed that Bitcoin price could move upward quickly in minutes due to the impact of large capital purchases by institutions.
The host of the Keizer report also predicted that central banks would lose power, which would create multiple economies.
He went on “There will be a bitcoin economy in a bitcoin world and a bitcoin life and people will lead the bitcoin life and there will be everyone else.”