Max Keiser: Demand For Bitcoin Is Growing Exponentially

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Max Keiser says the demand for Bitcoin is growing exponentially

Max Keiser: Demand For Bitcoin Is Growing Exponentially

‘The demand for Bitcoin is growing exponentially,’ according to Max Keiser, and will continue to rise as more big money managers enter the fray.

With the new daily supply capped at 900 BTC since the Bitcoin halving in May, the demand for Bitcoin is now far outstripping new supply.

And as more institutions enter the space the total supply will dry up, and it could become ‘almost impossible to buy Bitcoin.’

‘The demand for Bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day,’ explained Keiser in an interview with The Express Newspaper. ‘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 Bitcoin price rockets to $1 million.’

demand for bitcoin is growing

We’re already seeing the supply cut short, as PayPal and Cash App buy up more than the newly minted bitcoins, and as PayPal rolls out globally it alone will start to accumulate more than the miners can mine.

PayPal announced last month that it was rolling out a Bitcoin service, allowing users to buy, sell and spend Bitcoin. The payments giant started with US customers and a buy limit of $10k per week, but the demand was so high PayPal doubled the buy limit to $20k.

Since PayPal launched its service, the Bitcoin price has risen from $11,828 to $18,918 at time of writing. PayPal will roll its Bitcoin service out in 2021, when the demand for Bitcoin is expected to grow ever more exponentially.

Demand For Bitcoin Coming From Everywhere

It’s not only the fintech companies trying to get hold of Bitcoin. Although this bull run isn’t being propelled by retail, the thirst for Bitcoin on the leading exchanges is also outstripping supply.

According to Max Keiser, the demand for Bitcoin is growing exponentially just on the biggest cryptocurrency exchanges.

The four biggest exchanges are snapping up an average of 2,600 BTC daily, far outstripping Bitcoin’s 900 a day inflation, and as this continues the retail fomo will pick up pace.

Or is it mostly retail buying BTC on the exchanges?

In August, MicroStrategy announced it had bought 38,250 bitcoins for an accumulative price of $425 million. And rather than buying Bitcoin OTC, MicroStrategy bought chunks of Bitcoin every few seconds for a few weeks on the leading crypto exchanges.

This move by MicroStrategy CEO Michael Saylor triggered a few corporates that we know of.

According to data analytics form BitcoinTreasuries, there is almost $16 billion in corporate money locked in Bitcoin, that we know of. It’s not beyond the realms of expectancy to believe we will hear about more corporate buying as the quarterly performance reports are published at the end of Q4.

Bitcoin infrastructure is ready for the demand

Some of Wall Street’s Biggest Names Endorsing Bitcoin

As well as public companies’ demand for Bitcoin growing, it’s likely more money managers are gaining exposure to BTC, as well.

Earlier this year, Paul Tudor Jones said he had exposure to Bitcoin, and called it the ‘fastest horse’. And when Tudor Jones speaks, everyone listens and many usually do as…

Max Keiser believes the likes of Tudor Jones have made it easy for money managers to get into the Bitcoin space, and says the Hedge Fund godfather has even upped his Bitcoin allocation.

‘Once Paul Tudor Jones fired the starting gun, huge fund managers are panic-buying to keep up,’ said Keiser. ‘Now rumour has it that Paul Tudor Jones has upped his fund’s allocation from 1% to 5% Bitcoin.’

When Paul Tudor Jones says he's buying Bitcoin, other money managers will follow suit

‘Every time a smart hedge fund guy puts aside their ideologies and dogma and takes a close look at Bitcoin, and sees it for what it really is, a superior version of gold, they start buying.’

Ray Dalio Next?

Bitcoin pioneer Max Keiser believes Ray Dalio could be next as the demand for Bitcoin keeps rising.

Dalio, who’s never spoken highly of Bitcoin and said he believes it will one day be banned by governments, recently admitted he might be missing something about Bitcoin.

And according to Max Keiser, Dalio had better hurry up or he will end up losing clients to the likes of Tudor Jones.

‘He has no choice because his peers are making huge gains with Bitcoin. So, if he doesn’t act soon he’ll lose clients to his competitors,’ said Keiser.

Buy Bitcoin in the UK with Paxful

The Demand For Bitcoin Is Growing Exponentially, And It’s Only Just Getting Going

The demand for Bitcoin is growing exponentially, and Bitcoin is still only a tiny fraction of the total value that rotates around the world.

The Bitcoin infrastructure is getting better, and the companies and names getting into the space are getting “bigger”.

Max Keiser has been trying to orange pill everyone since Bitcoin was $1, but hardly anyone would listen.

That’s understandable, but big money managers listen to other big money managers, and they don’t get much bigger than Paul Tudor Jones, or the likes of PayPal.

The success of anyone on Wall Street with exposure to Bitcoin will alert everyone else, and the institutional fomo will continue to rise along with the Bitcoin price.

Author: Tommy Limpitlaw

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Bitcoin FAQs

What is the point of Bitcoin?

Bitcoin is a decentralized money. A money that nobody can control or manipulate, and a money that nobody can print and devalue. It’s also not necessary for any third party to verify transactions, so it makes it much faster and cheaper to send value. It’s also money built on the Internet: a society of almost 5 billion people.

Why should I buy Bitcoin?

Bitcoin is a peer-to-peer money that nobody can manipulate. It’s all set in the Bitcoin codebase which is secured by hundreds of thousands of computers all around the world. Bitcoins can be sent by anybody and no third party is need to verify the transactions, and nobody can stop Bitcoins being sent

Can you buy less than 1 Bitcoin?

Yes. Every Bitcoin can broken down into 100 million bits. They are known as satoshis, after the pseudonymous creator Satoshi Nakamoto. And some companies will let you buy as little as $1 worth of Bitcoin, which at time of writing is worth about 11,000 satoshis.

Where can I buy Bitcoin in Germany?

There are several exchanges operating in Germany, but there are some suspect platforms so be careful. The most recommended exchanges are Kraken or Blockfi. Or you can buy Bitcoin from Bitcoin marketplaces, such as LocalBitcoins or Paxful. All of these exchanges and marketplaces are global with high liquidity and excellent customer service. Feel free to read the reviews of each one.

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