Famous Bitcoin advocate, trader and former broker Max Keiser recently took to Twitter to celebrate his astonishing profit surge from his Bitcoin holdings. A staunch supporter since 2011, Keizer shared his views on the cryptocurrency Bitcoin’s significant gains, emphasizing his belief in its transformative potential.
Keizer achieves huge cryptocurrency returns
Max Keiser revealed on Twitter that he has owned Bitcoin since 2011 and witnessed a phenomenal 20,000,000% increase in value. Although he refrained from disclosing the exact amount he owns, it is speculated that Keiser has long-term investments. An avowed Bitcoin maximalist, Keiser became fascinated by the cryptocurrency’s hidden potential three years after Satoshi Nakamoto’s disappearance. With Bitcoin rising 106% in price since 2020, Keizer stands as a testament to early believers who saw the transformative power of the crypto asset.
In a series of tweets, Keiser expressed confidence in his long-term Bitcoin price prediction of $220,000. He even suggested the possibility of a “God candle” pushing Bitcoin to $100,000 in one significant move. Keizer’s optimism is fueled by rumors circulating on Reddit about the Qatar Investment Authority’s potential $500 billion Bitcoin investment. Keizer took the opportunity to criticize altcoins and gold, claiming that both will continue to trend towards zero against Bitcoin. His unwavering support for the leading cryptocurrency reflects a broader sentiment among Bitcoin enthusiasts.
BTC’s market value surpassed Berkshire Hathaway
Meanwhile, both Bitcoin and physical gold experienced significant price increases over the weekend. While Bitcoin reached $42,000, gold exceeded $2,130. Venture capitalist Anthony Pompliano attributes this increase to concerns about fiat currencies and currency depreciation, with expectations that the Federal Reserve will ease monetary policy further. Bitcoin has surpassed Berkshire Hathaway in terms of market capitalization, despite trading below its all-time high of $69,000 in 2021. With Bitcoin currently valued at $813.5 billion compared to Berkshire Hathaway’s valuation of $788 billion, the cryptocurrency’s durability has increased confidence within the Bitcoin community.
In the face of Bitcoin’s success, long-term holders remain determined by refusing to sell their holdings. This determination stems from a desire to prevent financial institutions like BlackRock and Fidelity from purchasing their Bitcoin. Both institutions have sought approval for Bitcoin spot ETFs, with potential approvals expected in January 2024, promising a significant increase in Bitcoin’s price. As Bitcoin continues to defy skeptics and make headlines, Max Keiser’s journey stands as a testament to the enduring belief in the potential of cryptocurrency. Evolving dynamics in the crypto space, including institutional interest and regulatory developments, are adding layers to the emerging narrative of Bitcoin’s journey to broader adoption and acceptance.
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