K BITCOIN PRICE WILL TRIGGER A GLOBAL FOMO PANIC-BUYING SPREE SAYS MAX KEISER!! BTC PREDICTIONS!!
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âI think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatallyâ, 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 âhis timing is poor.â
At the same time, Buffett âshunned Gold for 20 years while Gold outperformed Buffett for 20 years.â
As such, Keiser asserted that Buffett and another Bitcoin basher â Peter Schiff â will eventually catch on with BTC and start accumulating.
âMy 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 theyâre 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.â
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 âthe new gold,â 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 Hathawayâs shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in âAmerican businesses,â their portfolio would be much smaller:
âAnd 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.â
Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasnât been fond of, is Bitcoin.
Previously, he had referred to the primary cryptocurrency as a ârat poison squared,â and a âgambling device,â and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldnât change his mind.
But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEOÂ 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 BTCâs price into the stratosphere but also start a snowballing effect that will ultimately enhance the assetâs 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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