Max Keiser, a prominent supporter of Bitcoin and the host of the Orange Pill podcast, has taken to Twitter and X/Twitter to share with the cryptocurrency community the identity of the person he believes has stopped Bitcoin from rising to $50,000 even after the SEC recently approved spot Bitcoin ETFs.
The world’s most popular cryptocurrency, however, is still losing money despite falling by over 12% since the introduction of the spot Bitcoin ETF.
Person holding Bitcoin down, according to Keiser
Bitcoin maximalist Keiser thinks the CEO of Vanguard Bank is the most probable “culprit” preventing the market leader cryptocurrency from reaching the much anticipated $50,000 mark.
Vanguard Bank said last week that it will forbid its clients from buying cryptocurrencies and associated products, such as spot Bitcoin ETFs, after the approval of spot Bitcoin exchange-traded products by the US Securities and Exchange Commission.
https://x.com/maxkeiser/status/1746941275121594842?s=20
Following this decision, Vanguard CEO Mortimer J. Buckley said in an interview that the bank would rather not provide its clients gold-based ETFs as well as Bitcoin-based ETFs. The CEO of the bank thinks there is no cash flow into Bitcoin and that it has no inherent worth.
Strangely, one of the biggest investors of MicroStrategy stock is reportedly Vanguard Group. According to Yahoo Finance, the bank has 1.1 million MSTR shares, which exposes its clients to Bitcoin inadvertently.
Bitcoin to reach $1 million, per Samson Mow
Samson Mow, the CEO of Jan3 and a former chief strategic officer of Blockstream, is another outspoken supporter of Bitcoin who has been tweeting frequently lately about his aspirations for the cryptocurrency to hit the enormous $1 million mark in the future.
Mow listed the introduction of a Bitcoin ETF and its halving in 2024 as two of the main catalysts for the cryptocurrency’s $1 million milestone. But he clarified in a recent tweet that the million forecast was just “for fun,” and that the true takeaway was that Bitcoin has already undergone a number of significant macroenvironmental shifts, making the price of the cryptocurrency “a very real possibility” of reaching $1 million.
https://x.com/Excellion/status/1747097960834551914?s=20
In any event, he stated that the $0.07 million milestone needs to be met before Bitcoin hits $1 million.
