Wall Street veteran Max Keizer predicts a serious Bitcoin supply crisis on the horizon that will force organizations to buy BTC at significantly higher levels in an instant.
In a Take The Orange Pill interview, the Bitcoin fire brand says a huge price increase could be imminent for BTC as institutional investors scour markets for supplying the scarce asset.
“Over the last few years, we have been transitioning from fake volume to real volume and that’s like churning through overheads or supply of volume to create the price discovery.
Very soon what I think is going to happen is that the Michael Saylor type or corporate or organization type will come in with an order to buy $ 10 billion to $ 20 billion worth of Bitcoin and suddenly within a few trades, they’re going to find out there’s no supply at all and then suddenly the price will close from $ 37,000 to $ 47,000 to $ 52,000. It could happen in ten minutes because the markets are such a people feeling that there is a supply.
It’s churning through all that bullshit supply and then once that’s all gone, the organizations are going to be rude awakenings because they won’t be able to find coins at any price until it gets much higher . So I think the next break will be a gap. It should gap higher suddenly and then that will be a big story. ”
Keizer also sees a future where Bitcoin is widely adopted to escape the dubious monetary policies of central banks.
“As central banks continue to erode and the problem continues to get worse and there are no new solutions or thinking of just continuing to do the same, you are going to see Bitcoin galloping higher that it is not going to attract more capital and you are just going to have this dual global economy. Bitcoin economy will be in Bitcoin world and Bitcoin life and people living Bitcoin life and everyone else will. “
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