Max Keizer’s claim that the US will seize bitcoins like gold in 1933 is causing quite a stir in the financial world. While some may find this idea far-fetched, history has shown that the US government has indeed seized gold from its citizens in the past. Could bitcoins be next?
Max Keizer, a well-known Bitcoin investor, is predicting a 1987-style economic disaster in the US. He refers to the infamous “Black Monday” in 1987 when American stock exchange shares plummeted, causing chaos both domestically and internationally.
Despite the looming threat of economic collapse, Max Keizer remains unfazed. He believes that Bitcoin is the “last safe haven” and is firmly positioned in this digital currency. In fact, he has even gone so far as to predict that bitcoin will surpass gold at an impressive price of US$500,000.
However, Max Keizer warns that some investors may be at risk. He predicts that when the crisis hits, the US government will seize Bitcoin miners and ETFs, leaving many scrambling to salvage what they can.
But why does Max Keizer believe that a catastrophic stock market crash is imminent in the US? As a vocal Bitcoin advocate and an investor himself, Keizer is deeply concerned about the state of the US economy. He has even advised Nayib Bukele, the president of El Salvador, the first nation to adopt Bitcoin as legal tender, due to his expertise in the field.
In a series of tweets, Max Keizer explains his prediction of a major market downturn. He references billionaire investor Stanley Druckenmiller, who pointed out factors such as dropping dividends and pressure from the Federal Reserve as causes of the 1987 stock market crash.
Keizer also highlights a research report from Kobeissi Letter, which found that 10% of the largest stocks contribute to 75% of market value. This concentration of market power is reminiscent of the Great Depression of 1931 and other historical financial crises.
Keizer firmly believes that a 1987-style collapse is on the horizon. He asserts that Bitcoin will emerge as the ultimate refuge in the midst of this crisis, with prices potentially skyrocketing to over $500,000.
“Gold will continue to be demonetized by Bitcoin,” Keizer declares. He predicts that a wave of middle and upper-class migrants will flock to El Salvador, seeking refuge in the country’s Bitcoin-friendly economy.
In light of these dire predictions, Max Keizer also warns that the US government will not hesitate to seize Bitcoin miners and ETF assets. This move could have serious implications for investors who are heavily reliant on these assets.
It’s worth noting that in 1933, the US government banned Americans from buying gold for over four decades and forced them to surrender nearly all of their gold holdings. This historical event serves as a stark reminder of the government’s power to control and regulate financial assets.
ETFs offer exposure to Bitcoin’s potential returns, but many investors are now considering self-custody options to protect themselves from potential government intervention. As the future of Bitcoin and the global economy remains uncertain, it’s clear that investors must remain vigilant and prepared for all possible scenarios.
In conclusion, Max Keizer’s bold predictions may sound extreme, but history has shown that governments are capable of drastic measures in times of crisis. As the world braces for potential economic upheaval, it’s essential for investors to stay informed and safeguard their assets against potential threats. Stay tuned as the situation continues to unfold.
