Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts 1987-Style Crash as BTC Rises to $500K – Markets and Prices Bitcoin News

[Gunnar Larson]

https://news.bitcoin.com/max-keiser-warns-of-government-seizing-bitcoin-in-etfs-predicts-1987-style-crash-as-btc-rises-to-500k/


Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts
1987-Style Crash as BTC Rises to $500K

Bitcoin proponent Max Keiser has warned of potential government seizure of
bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a
stark warning about a looming 1987-style crash, while simultaneously
predicting that the bitcoin’s price will surge past $500,000.

Max Keiser’s Crash and Bitcoin Seizure Warnings
Bitcoin advocate Max Keiser expressed concerns about spot bitcoin
exchange-traded funds (ETFs) and a potential market crash while sharing a
bold BTC price prediction on social media platform X this week. He wrote on
Wednesday:

1987-style crash coming. Bitcoin, the ultimate safe haven, will soar past
$500,000. Gold will continue getting demonetized by bitcoin. BTC ETF’s (&
domestic BTC miners) will get seized by U.S. government.

On Thursday, Keiser commented on New York Attorney General Letitia James’
potential move to seize assets from former U.S. President Donald Trump if
he fails to pay the $355 million penalty. He explained that if the
authorities can seize Trump’s assets, then they “can certainly seize”
bitcoin held by spot bitcoin ETFs as well as “commandeer U.S. BTC miners.”
He then advised investors to self-custody their bitcoin or they may lose
them.

Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts
1987-Style Crash as BTC Rises to $500K


Governments around the world regularly seize bitcoin held on centralized
crypto exchanges, with the U.S. government being one of the top
confiscators, often as part of criminal investigations. Several other
countries have also been active in seizing cryptocurrencies, as evidenced
by the U.K. police‘s recent disclosure of a 61,000 BTC seizure from a major
Chinese investment fraud and German authorities‘ January report of a 50,000
BTC seizure.

Meanwhile, spot bitcoin ETFs have hit record trading volumes since they
launched in early January. Microstrategy’s executive chairman, Michael
Saylor, said last week that bitcoin has become “the world’s most popular
investment asset.” Coinbase is the custody of eight out of 11 spot bitcoin
ETFs approved by the U.S. Securities and Exchange Commission (SEC). “What’s
even more important is that every institution is now starting to hold
crypto, the asset class will be a standard part of every diversified
portfolio,” Coinbase CEO Brian Armstrong said last week.

Many investors believe the combined factors of growing demand for spot
bitcoin ETFs and the approaching Bitcoin halving will significantly boost
BTC’s price. Fundstrat’s head of research foresees bitcoin hitting $150K
this year. He calls BTC “sound money.” Rich Dad Poor Dad author Robert
Kiyosaki expects bitcoin’s price to reach $100K by June this year.
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