Bitcoin Hitting $50K Will ‘Trigger’ Peter Schiff to Buy — Max Keiser

Published at: June 26, 2020

Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises.

In a tweet on June 26, the famously outspoken RT host said that he “100% guarantees” that some of Bitcoin’s biggest naysayers will ultimately flip bullish.

“They’ll go all-in with huge buys”

Gold bug Schiff, Cuban, and investor Jim Rogers will at some point fly the flag for Bitcoin instead of any alternative.

“@PeterSchiff Jim Rogers, @mcuban and other pre-coiners represent huge pent-up #Bitcoin buying demand,” Keiser wrote.

“When they finally understand it, they’ll go all-in with huge buys. I 100% guarantee this to be the case.”

A further tweet and survey predicted that for Schiff to come on board, BTC/USD would need to trade at $50,000 at the most. Keiser wrote:

“The longer @PeterSchiff waits to buy #Bitcoin, the bigger the panic-buy. My guess, $50,000 triggers him. What price do you think triggers Schiff to panic-buy Bitcoin?”

Max Keiser’s latest Bitcoin survey. Source: Twitter

The curious prediction comes days after Rogers told the mainstream media that governments will have to destroy Bitcoin.

“I believe that the virtual currency represented by bitcoin will decline and eventually become zero,” he told Japanese outlet Aera Dot.

Keiser, McAfee and the “King of Scammers”

Despite his pledge, meanwhile, Keiser may not be wholly sincere. Friday’s Twitter activity saw him label John McAfee the “king of scammers” and call McAfee’s wife a “Karen.”

“Example of someone who’s *not* a #Bitcoin influencer: John McAfee,” part of another post reads.

“He came to BTC late (was already past $2,000) And after initial, splashy outrageousness - proceeded to wipe out Bitcoiners globally with his extremely dodgy ‘coin of the day’ scam.”

Both McAfees retaliated, with Keiser remaining silent at press time. In an interview with Cointelegraph last week, however, he was as vocal as ever, forecasting that fellow investment magnate Paul Tudor Jones would own more Bitcoin than anyone else by 2022.

Later, on a recent episode of his Keiser Report TV show, he appealed to Americans to buy Bitcoin instead of protesting to effect social change. Protesting, Keiser argued, “does nothing.”

Tags
Related Posts
Cat got your tongue? Bitcoin critics wither in 2020
Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin's performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency's biggest critics. “Bitcoin has no future”: Russian politician Anatoly Aksakov Date of quote: Oct. 23, 2020 Bitcoin …
Adoption / Dec. 21, 2020
Paul Tudor Jones to Be Biggest Bitcoin Holder in 2 Years — Max Keiser
Cointelegraph Markets spoke with Wall Street veteran and host of the Keiser Report, Max Keiser, who explains the increasingly important role of Bitcoin in geopolitics amid potential “hash wars” and why he believes Paul Tudor Jones will become the biggest holder of BTC within two years. Your 200K+ follower Twitter account @maxkeiser went silent for a few months. What happened? Max Keiser: It was a software bug that froze the account for nine months. I believe it was a database contention problem. My friends at SwanBitcoin took on the challenge and sorted it out. I also sent two-dozen roses and …
Bitcoin / June 20, 2020
Robinhood FOMO Potential? Bitcoin Pulling a ‘Kodak’ Means 6 Figures
Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day. Therefore, given the current climate of economic uncertainty and “infinite QE,” if the optimism around risk-assets flows over to Bitcoin, chances of a similar rally for BTC price — as some analysts are currently predicting — certainly increase. Moreover, following the Federal Reserve’s FOMC meeting on July 29, strategists expect the overall sentiment of investors to recover, …
Bitcoin / July 30, 2020
1% Bitcoin No Longer ‘Crazy’ for Portfolios, Says Morgan Creek CEO
Bitcoin (BTC) represents an investment in technology and innovation, making it a must-have in any portfolio, suggested the CEO of Morgan Creek Capital, Mark Yusko, in an interview with Max Keiser on the Keiser Report, published on Jan. 30. Morgan Creek CEO: Bitcoin exposure boosts portfolios Keiser began by noting that portfolios with even 1% exposure to Bitcoin have more alpha or, in other words, have outperformed just about everything over the past five years. By definition, alpha represents the performance of a portfolio relative to a benchmark. Portfolio managers seek to generate alpha by diversifying portfolios to remove unsystematic …
Bitcoin / Jan. 31, 2020
Yale Research Proposes Factors for Crypto Price Prediction
Yale University financial experts have suggested a system of factors to predict price trends in major cryptocurrencies, according to an official statement by YaleNews Aug. 6. The new study was conducted by Yale economist Aleh Tsyvinski and Yukun Liu, a Ph.D. candidate in the Department of Economics, and is reportedly the “first-ever comprehensive economic analysis of cryptocurrency and the blockchain technology.” In the paper, the authors intend to provide a “risk-return tradeoff” of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), according to its historical performance data. The experts reportedly analyzed the behavior of Bitcoin between 2011 …
Bitcoin / Aug. 8, 2018