Vocal Bitcoin advocate and Orange Pill podcast host Max Keizer has taken to social media platform X/Twitter to share with the cryptocurrency community the name of the person he believes has stopped Bitcoin from skyrocketing to $50,000 despite the recent approval of detecting Bitcoin ETFs by the SEC.
Vocal Bitcoin advocate and Orange Pill podcast host Max Keizer has taken to social media platform X/Twitter to share with the cryptocurrency community the name of the person he believes has stopped Bitcoin from skyrocketing to $50,000 despite the recent approval of detecting Bitcoin ETFs by the SEC.
Meanwhile, the global flagship cryptocurrency Bitcoin remains in the red after falling nearly 12% since the Bitcoin ETF spot approval.
Person who holds down Bitcoin, according to Keizer
Bitcoin maximalist Keizer believes that the likely “culprit” who has prevented the leading cryptocurrency from rising to the long-awaited $50,000 level is none other than the CEO of Vanguard Bank.
After the US Securities and Exchange Commission gave the green light to spot Bitcoin exchange-traded products last week, Vanguard bank announced that it will prohibit its clients from purchasing cryptocurrencies and cryptocurrency-related products, including Bitcoin ETFs at counted.
In an interview after this decision, Vanguard chief Mortimer J. Buckley said that the bank not only prefers not offering its clients Bitcoin-based ETFs but also gold-based ETFs. The bank’s CEO believes that Bitcoin has no intrinsic value and does not generate cash flow.
Interestingly, Vanguard Group is known to be among the largest holders of MicroStrategy shares. The bank owns 1.1 million shares of MSTR, according to Yahoo Finance, so it indirectly exposes its clients to Bitcoin anyway.
Bitcoin will reach $1 million, according to Samson Mow
Another vocal Bitcoin maximalist, Samson Mow, former strategic director of Blockstream and now CEO of Jan3, has been tweeting often recently about his expectations of Bitcoin reaching the colossal $1 million milestone in the future.
Among the main triggers for Bitcoin reaching $1 million, Mow mentioned the approval of the Bitcoin ETF and the halving in 2024. However, in a new tweet, he explained that the $1 million prediction was made “for fun.” ” and his real message was that the macro environment for Bitcoin has seen many fundamental changes so far, and Bitcoin reaching $1 million is “a very real possibility.”
In any case, he tweeted, before Bitcoin arrives $1 million, the $0.07 million The milestone must be reached first.
