News View Non-AMP

Is Bitcoin’s $1 Million Dream on Hold? Max Keiser Reveals Top Obstacles

Published by
Mustafa Mulla

Max Keiser, a prominent Bitcoin advocate and broadcaster, points an accusatory finger at Vanguard CEO Mortimer J. Buckley. According to Keiser, Buckley’s cautious approach is the primary obstacle preventing Bitcoin from reclaiming the coveted $50,000 mark. 

Cryptocurrency enthusiasts are pointing fingers, and the target is Vanguard CEO Mortimer J. Buckley. In the latest episode of the ongoing Bitcoin saga, Max Keiser, a vocal Bitcoin advocate and broadcaster, accuses Buckley of being the main roadblock preventing Bitcoin from reclaiming the much-coveted $50,000 mark.

Understanding Keiser’s Accusation

Keiser doesn’t mince words, claiming that Vanguard, one of the world’s largest asset managers, is the key player holding Bitcoin back. In a recent exposé, Keiser asserts that Vanguard’s decision to restrict its customers from purchasing newly introduced crypto products is a strategic move aimed at hindering Bitcoin’s surge.

In a follow-up interview, Buckley attempts to clarify Vanguard’s position. He voices reservations about Bitcoin-backed ETFs and gold-based exchange-traded funds, citing Bitcoin’s lack of intrinsic economic value and cash flow as reasons for the company’s caution.

Interestingly, Vanguard Group’s substantial holdings in MicroStrategy, with 1.1 million MSTR shares, indirectly expose its clients to Bitcoin. This apparent contradiction adds complexity to the debate surrounding Vanguard’s stance on embracing Bitcoin through ETFs.

Also Read: MicroStrategy Plans to Acquire 5% of All Bitcoin In Massive Power Play, Claims Max Keiser

Vanguard’s Differing Stance

Vanguard’s cautious stance sharply contrasts with major competitors like BlackRock, Fidelity, and Invesco. These investment giants, in a strategic move last week, eagerly embraced spot Bitcoin ETFs. Experts anticipate that this move will significantly expand Bitcoin’s investor base, providing a more accessible path for investment.

Read More: Grayscale, BlackRock, and Fidelity Rule Bitcoin ETFs with $1.6B Trading Volume

A Million-Dollar Forecast

Amidst the debate, Bitcoin maximalist Samson Mow enters the scene with a bold prediction that Bitcoin could soar to an unprecedented $1 million. Mow cites the recent approval of Spot Bitcoin ETFs and the upcoming 2024 halving as potential catalysts for this monumental surge. 

While he initially presented the million-dollar forecast as “for fun,” Mow now asserts that the changing macro environment for Bitcoin makes the ambitious target a “very real possibility.”

Current Market Insights

As of the latest update, Bitcoin is trading at $42,869, representing a 12% drop from the recent high of nearly $49,000 recorded on January 11. 

Where do you stand on the Bitcoin investment debate?

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Rexas Finance (RXS) vs. Shiba Inu (SHIB): Will SHIB Rebound, or is 2025 the Year of RXS?

Investors must make a crucial choice as the bitcoin market develops: stick to well-known meme…

April 2, 2025

XRP Price To Revisit $2 Before ‘Final Blastoff’

XRP is currently down by more than 1% in the last 24 hours. The price…

April 2, 2025

Ethereum Price Prediction 2025, 2026 – 2030: Will ETH Price Hit $5k in 2025?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

April 2, 2025

Altcoins to Watch as The US Is Set to Reveal Its Crypto Stockpile On April 5

President Donald Trump’s decision to create an official U.S. government crypto reserve has sparked huge…

April 2, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: Is $100k Arriving Anytime Soon?

Story Highlights The Bitcoin price today is . The BTC price could hit a maximum…

April 2, 2025

Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year?

Story Highlights The live price of SUI crypto is . The SUI price is expected…

April 2, 2025