Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoin’s rise to $1 million.
In a new interview with Express, the host of the Keiser Report says he’s convinced institutions will find ways to purchase Bitcoin directly from miners and effectively box retail investors out.
“The demand for Bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day and in fact, in 2024, the supply gets cut in half again to 450 a day.
This is why I think institutions that are buying bitcoin will do so directly from miners and the public won’t have a chance to buy any. The public will be shut out as the price rockets to $1 million per coin… Meanwhile, Generation Z who bought lots of Bitcoin when it was under $100, will be the new global power elite. The world order is about to flip.”
Keiser points to the fact that high profile investors such as Paul Tudor Jones, Stanley Druckenmiller and Bill Miller are now bullish on BTC as a sign of what’s to come.
He also notes PayPal’s new support for Bitcoin as another game changer, citing recent estimates that the payments company is buying more than the daily supply of BTC.
Keiser says daily demand for Bitcoin from top trading platforms appears to be at least 2,600 BTC, while the amount of daily supply from mining is locked at 900 BTC.
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