Max Keiser Reveals Factors Keeping Bitcoin Price Below $50K Despite ETF Approval

By Cino Gaperi Jan 17, 202439Views

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Main Culprit Behind BTC Fall

A recent post by Max Keiser claims that Vanguard, one of the largest asset managers, has played a decisive role in preventing Bitcoin’s surge beyond $50,000. Keiser asserts that Vanguard’s decision to restrict its customers from purchasing the newly introduced crypto products is a major obstacle.

Bitcoin is currently trading at $42,869, which is a 12% drop from the recent high of almost $49,000 recorded on January 11. Keiser believes that Vanguard CEO Mortimer J. Buckley’s cautious approach is impeding Bitcoin from reaching the coveted $50,000 mark.

These days, a trending topic is Bitcoin Halving 2024: Why It Matters & What To Expect.

Hot Take

Max Keiser’s assertion about Vanguard’s impact on Bitcoin’s price highlights the influence that institutional decisions can have on the cryptocurrency market. It underscores the need for a more nuanced understanding of the factors contributing to Bitcoin’s fluctuations.

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Cino Gaperi

Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino's insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content. Cino's contributions serve as a valuable compass for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With a commitment to precision, he empowers informed decision-making within the ever-evolving crypto sphere.