Max Keizer: WallStreetBets should focus exclusively on Bitcoin
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Answer Max Keizer: WallStreetBets should focus exclusively on Bitcoin
The WallStreetBets group on Reddit, which is abbreviated as “WSB”, has caught the world’s attention through what it is doing in a coordinated and collective way.
Recently, after the WallStreetBets group inflicted heavy losses on large Wall Street hedge funds, their latest initiative drove the price of silver to an 8-year high.
With the price of silver on the rise, popular TV host and Bitcoin supporter Max Keizer linked the group’s recent rebellion to Bitcoin and said both Bitcoin and this group are battling a corrupt financial system.
Pressing from “WSB” on Silver:
The Reddit group emerged with millions of subscribers, whose number is rising rapidly, after pumping the prices of huge quantities of shares of a troubled company called “GameStop” and its shares abbreviated as “GME”.
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GME stock had large open short positions held by hedge funds, which drove the pumping effect up.
After achieving great success with the “GME” stock, which rose about 10x in a matter of weeks, the “WSB” group continued its work towards a handful of other stocks such as “AMC” and “NOK” and a few other weak stocks.
All of the above have one thing in common which is the presence of a large number of short positions by the leading hedge funds on Wall Street.
Now it seems that they have a new goal, which is to go to silver.
WSB Group’s appetite for silver caused a 25% rally in futures contracts, as the price reached a high of $30.
This became the highest price level in more than 8 years.
Robert Kiyosaki, author of Rich Dad Poor Dad was among many who agreed to the silver initiative because he believed the precious metals market was being manipulated.
I’m excited about Reddit’s pursuit of the manipulated silver market. I wasn’t at GameStop but I got the silver. If you’ve seen me in TV commercials for Lear Capital, I drank Kool Aide silver in 1964 when silver coins became fake silver. God bless the Reddit dealers.
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– Therealkiyosaki (@theRealKiyosaki) Jan 31 2021
slattered Mohamed El-Erian, Chief Economic Adviser at Allianz, highlighted the significant differences between the large Middle Eastern markets and silver prices, as silver represents a large market in the Middle East.
Max Keizer: Bitcoin is Constant Stress
Max Keizer, a popular TV presenter and co-founder of Heisenberg Capital, participated in the discussions.
while talking to sourceConnecting the recent developments of WSB to Bitcoin and noting that they have more tactical similarities than one might realize at first glance, he told what they meant:
The idea is to find a loophole in the corrupt system and leak out.
The reason why WSB, Reddit, and SqueezeSilver should focus exclusively on Bitcoin is because Bitcoin is the best and the hardest of all, and once Bitcoin pushes aside fiat money and becomes the global standard, we will see permanent societal change.
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The poverty and violence promoted by central bankers will be erased from our lives.
Keizer also predicted that this shift would happen gradually. He said:
All roads lead to Bitcoin as the long and final squeeze in a world swimming in negative interest debt and fiat money backed by nothing but the violence and petty economic propaganda of celebrities.
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