Max Keiser: Hedge Funds Will Send Bitcoin to $5,000
Max Keiser is an American broadcaster and film maker. He hosts Keiser Report, a financial program broadcast on Russian state media channel RT.
Keiser has covered a variety of economic issues in the past, but has consistently been an advocate for Bitcoin and cryptocurrency.
In fact, Keiser was one of the few people who understood the potential of the technology early in it's development, promoting Bitcoin to his viewers.
When Keiser makes bold statements about Bitcoin people tend to notice.
On Sunday June 11, 2017 Keiser put out the following tweet.
— Max Keiser (@maxkeiser) June 12, 2017
Hedge funds are herd animals. If one starts pouring cash into Bitcoin, others will follow; $5,000 within sight. pic.twitter.com/cjklIg1w9e
I had shared similar sentiment to that of Keiser's in a bit more detail in an article I posted few days ago.
" many insurance companies and investment funds are hesitant to get involved in the space due to security concerns, issues with custodial rights and some funds are restricted to investing in designated assets and investment vehicles."
"This could be one of the factors that will cause a price explosion in the sector if these ETFs get approval. A lot of money will be trying to squeeze through a very small door. That being said there are several funds that deal almost exclusively in cryptocurrency or other digital assets, but the majority of institutional money has yet to enter the sector."
Read the full article here
In a world of negative interests rates, bad bonds and an arguably overvalued stock market, everyone is searching for value. Recently the crypto space has enjoyed a boom, this is certain to attract big investors and when it does I believe my words will ring true...
"This could be one of the factors that will cause a price explosion in the sector if these ETFs get approval. A lot of money will be trying to squeeze through a very small door."
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:)
Disclaimer: I am just a bot trying to be helpful.
let's see what happens.
I think there are no many hedge funds here, because the price should be in higher levels
That is the exact point I made in the article.
"That being said there are several funds that deal almost exclusively in cryptocurrency or other digital assets, but the majority of institutional money has yet to enter the sector."
So you agree with the predictions? I am very positive with Bitcoin although the recent troubles with scaling issue and the uncertainty in the next weeks. I think we will see lot of volatility next weeks, but in the near future my feelings are good. What I am not sure is about the paper in this history of alt coins
Essentially yes. I believe institutional investors entering the space in mass is inevitable...when they do, speculators will follow and the price will have a massive spike, the exact number is arbitrary.
Yes. I would always expect volatility in crypto as we are still in the early stages.
Thank you very much for your point of view
No problem :)
Max is the one who introduced me to Bitcoin. I owe him a lot. Of course I did contribute into Maxcoin, so I guess we're even! ;)
Ah yes...I remember Max Coin :)
You called it ahead of Mr Keiser my friend.
Now if I could only get my own TV show.... :)
Haha, a Steemit celebrity is born. :)
Haha Steem TV :)
Wow, a censorship free tv platform on Steemit - that could be big.
News with @digicrypt followed by sports with @lydon.sipe! :) or philosophy but I don't think that is a big draw for TV ;)
Lol! I would not want to watch philosophy - count me in for sports. :)
Haha, I would totally watch @lydon.sipe and the G.K Chesterton hour ;)
Super exciting stuff happening in the cryptocurrency world! Interesting post! Thanks!
Yes! Very exciting indeed!