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Home / Business / Warren Buffett will see hyperinflation of his wealth, while the price of bitcoin is 40-80 times, says Max Kaiser

Warren Buffett will see hyperinflation of his wealth, while the price of bitcoin is 40-80 times, says Max Kaiser



Popular TV presenter and longtime bitcoin supporter Max Kaiser believes that futures traders are suppressing the price of bitcoin at current levels. However, once the asset explodes to Kaiser’s intermediate target of $ 28,000, the amount of BTC for sale will evaporate as governments and agencies will buy directly from the miners.

Kaiser: Governments and agencies will rush to buy BTC

Keizer recently wrote on Twitter that “a (temporary) bitcoin price suppression scheme is a find for poor people to make sats * now * before retail liquidity dries up and price jumps to gold parity are around $ 400,000.”

CryptoPotato turned to the popular TV presenter to elaborate on his views on lower prices and potential price spikes. Kaiser argued that “for the world̵

7;s poor, the current price and availability of BTC is one of the best ways to buy unconfiscated hard money before moving into the ’40s and’ 80s.”

He commented that his “forensic analysis of the BTC market, confirmed by insiders, shows that futures traders are suppressing the price of BTC to give institutional players a chance to load the boat.” He also stated his intermediate price target of $ 28,000 per coin. Once the cryptocurrency reaches this level, it will be a significant factor that will change people’s perceptions of this asset.

“When that happens, we will see something completely unexpected. The BTC retail market will dry up. The amount of BTC for sale at ANY PRICE will be less and less.

Institutions, corporations and governments will buy BTC directly from miners, probably with a huge premium. “

Max Kaiser.  Source: RT
Max Kaiser. Source: RT

People like Warren Buffett will suffer

Kaiser, who previously said that Warren Buffett would start panicking when buying bitcoins when the price of the asset jumped to $ 50,000, said that people like a prominent investor who has no bitcoin position would see “their wealth as hyperinflation.”

It’s no secret to the community that Buffett is not a fan of the original cryptocurrency. He once called bitcoin “rat poison”, and even a charity launch with TRON’s Justin San San failed to change his mind. Shortly after the event, Buffett insisted that BTC did not matter “and never will.”

However, Buffett recently acquired a significant stake in a gold mining company, reducing his risks at major banks such as JPMorgan Chase & Co and Wells Fargo & Co.

Kaiser believes that those who follow this path and buy gold and silver will be less affected. However, even gold owners “will see how their wealth will relatively hit investors who make up 100% of BTC.”

The selected image is provided by RT

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