Max Keiser Trolls Bitcoin ETF Fans: “Not Your Keys, Not Your Coins” 🤷‍♀️

by

Key Insights:

  • Bitcoin maximalist Max Keiser is throwing shade at companies jumping on the Bitcoin reserve bandwagon.
  • He thinks these companies are untested and might fold under market pressure, unlike the OG, Michael Saylor.
  • Keiser warns that this trend could lead to a bear market or even a state-level Bitcoin seizure. 🚨

 

Bitcoin is no longer just for the defi nerds; it’s now a hot item in the portfolios of major corporations. But guess who’s not a fan of this new trend? None other than Bitcoin maximalist Max Keiser. 🙄

The crypto commentator is sounding the alarm, warning that the recent surge in Bitcoin treasury strategies, inspired by MicroStrategy’s playbook, could be a disaster waiting to happen. 🤦‍♂️

Newcomers Unproven and Overexposed?

Keiser’s main gripe is with the rise of companies adopting Bitcoin as a treasury reserve. These firms are following in the footsteps of MicroStrategy co-founder Michael Saylor, who went all in on Bitcoin. 🚀

But Keiser argues that there’s a big difference between Saylor’s battle-tested approach and the unproven commitment of these newbies. “Saylor never sold and just kept buying, even when his BTC position was underwater,” Keiser said in a May 30 post on X. “It’s foolish to think the new Bitcoin treasury clones will have the same discipline.”

The clones have not been tested in a bear market. Saylor never sold, and just kept buying, even when his BTC position was underwater.

It’s foolish to think the new Bitcoin Treasury clones will have the same discipline.

— Max Keiser (@maxkeiser)

Keiser believes that these companies might fold under pressure if the market takes a nosedive. And when they do, the market might crash even further. 📉

Corporate FOMO or a Risky Trend?

The success of MicroStrategy, now rebranded as Strategy, has inspired many companies to jump on the Bitcoin bandwagon. After the company’s stock hit an all-time high of $543 in late 2024, dozens of firms started to follow suit.

Some, like Strive Asset Management (co-founded by Vivek Ramaswamy), announced new Bitcoin treasury policies as recently as May of this year. Others, like Trump Media and Technology Group (TMTG), went even further, raising $2.5 billion to fund its Bitcoin purchases. 🤑

This trend is not only institutional; it’s become political. Some analysts, like Keiser, warn that if left unchecked, over 50% of all BTC supply could eventually be controlled by companies. That could lead to dangerous levels of centralization and long-term problems. 🤔

Keiser Warns About The Return of State Control

While a market crash is one concern, Keiser is more worried about the political implications. He warns that as Bitcoin mingles with corporate and institutional finance, it could become an easier target for state-level crackdowns. 🚓

Question:

Are we maybe making a mistake by reuniting Bitcoin with state?

Since the primary value proposition of Bitcoin is separating money from state.

What are people’s views on this?

— Max Keiser (@maxkeiser)

“People aren’t fully appreciating how subversive Bitcoin is,” Keiser explained. “It’s rug-pulling central banks and nation-states.” In his view, Bitcoin’s value lies in its ability to separate money from the state. However, as more Bitcoin is held by centralized custodians or wrapped into institutional products, it loses that edge. 🤷‍♂️

He drew a parallel to historical government actions like the U.S. gold confiscation under Executive Order 6102 in 1933. If governments feel that Bitcoin poses a threat to fiat currencies or national economic stability, they could move to seize assets. And they’ll likely start with the Bitcoin that isn’t held in self-custody. Keiser’s message is simple and has been a rallying cry within the Bitcoin community for years: “Not your keys, not your coins.” 🔐

Read More

2025-07-17 20:56