Max Keiser: Bitcoin will cost $100,000 due to investments of George Soros

The popular "anti-establishment" investor, journalist, economic activist and host of the show The Keizer Report on Russia Today, Max Keizer commented on the current situation, as well as some political aspects around the cryptocurrency. Keiser has been promoting Bitcoin ideas since 2011, on which he earned his fame. 

 Throughout the time, many eminent figures of the financial world have expressed extremely negative statements about Bitcoins and cryptocurrencies. Max Keiser commented on some of the latest:

"Malinvestment and horrendous capital allocation trends – due to the absence of genuine capitalism – has created the currently unsustainable bubble-economy of artificially inflated stocks, bonds, property, and Art.

Not Bitcoin, by the way, or Gold – these are NOT in a bubble vs. the USD-tied panoply of investment crap overburdening the world's economy; creating wealth and income imbalances, environmental holocaust, and now war."

According to these statements, powerful and influential figures simply protect their power. One example is Soros's statements, which provoked the drop of Bitcoin, and later it was announced that he was ready to invest in digital assets.

Max Keiser explained this situation very simply:

"Mainstream economists like Roubini, Paul Krugman, etc. cannot possibly have any opinion other than being negative on Bitcoin because it challenges every page of every textbook of every economics school they've ever attended, read about, or taught. This is to be expected. Just ignore them."

Further, Keiser comments on the actions of George Soros:

"In fact, I would not be surprised to see George Soros attempt to 'corner' the Bitcoin market. He can easily borrow the necessary funds at near 0% and accumulate a huge position

Where the price goes in this scenario is a lot higher, obviously. My long-term target of $100,000 – that I first forecasted in 2011 (after listening to Rick Falkvinge at the 2011 Prague conference), would be realized on a Soros pump, for sure."

According to Keiser, the prevailing situation on the market is just a coincidence between the natural behavior of the market and the influx of large investors.

When asked about the future cost of Bitcoin Max responded as always quite optimistic: