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“I think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatally”, shared BTC pioneer Max Keiser in a recent Tweet.
Heisenberg Capital founder Max Keiser says that Warren Buffett has missed out on numerous prosperous investments such as Apple and Amazon as “his timing is poor.”
At the same time, Buffett “shunned Gold for 20 years while Gold outperformed Buffett for 20 years.”
As such, Keiser asserted that Buffett and another Bitcoin basher – Peter Schiff – will eventually catch on with BTC and start accumulating.
“My guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.
The only major player in the money management business that knows what they’re doing is Paul Tudor Jones who I expect will take his Bitcoin allocation up from the current 2% of the portfolio to 10% in the near term.”
Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.
Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.
The soon-to-turn 90-year old chairman and CEO of Berkshire Hathaway have never displayed any favoritism regarding gold and its role as an investment tool.
In his 2019 letter to Berkshire Hathaway’s shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in “American businesses,” their portfolio would be much smaller:
“And what would that supposed protection [gold] have delivered? You would now have an asset worth less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.”
Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasn’t been fond of, is Bitcoin.
Previously, he had referred to the primary cryptocurrency as a “rat poison squared,” and a “gambling device,” and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldn’t change his mind.
But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEO Jamie Dimon did?
And, what if Buffett starts allocating funds into the primary cryptocurrency, like Paul Tudor Jones III and MicroStrategy did?
Such a drastic change of heart could not only push BTC’s price into the stratosphere but also start a snowballing effect that will ultimately enhance the asset’s adoption rates among the masses.
In other trending Bitcoin News today:
Why Experts Feel Bitcoin IS Going to Cross The 100K Mark In 2020
Many experts feel that sometime in the future, the prices of bitcoin will go as high as $100,00 landing it to the six-digit zone.
However, the prices are being said can even be higher than 100k.
There are plenty of insiders in the industry who are analysts and experts who believe that the price of BTC will very easily touch $100,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.