Meanwhile, Keiser draws parallels to the infamous 1987 stock market crash, highlighting concerning signs of overconcentration among specific stocks. Notably, Tesla, Microsoft, Nvidia, Alphabet, Amazon, Apple, and Meta have seen a remarkable surge of almost 117%, significantly outperforming the remaining 493 companies in the S&P 500 index. 

This scenario echoes similar conditions observed before the Black Monday crash. This means that when only a few companies have a huge impact on how well the entire stock market is doing, it’s similar to what happened before a major market crash in the past.With all this worry, Keiser thinks Bitcoin might be a safe place for people to put their money. He believes Bitcoin could protect people’s money from problems like inflation and big changes in the stock market. That’s why he thinks Bitcoin’s price could go way up.

Despite his bullish outlook, Keiser acknowledges regulatory risks facing the cryptocurrency space, particularly in the form of potential crackdowns on Bitcoin exchange-traded funds (ETFs) and domestic mining operations. 

He warns of government interventions that could disrupt the trajectory of Bitcoin’s ascent, citing historical instances of regulatory overreach.As Bitcoin’s price projections soar, BlackRock, the world’s largest asset manager, remains at the forefront of digital asset adoption. Recently, BlackRock hosted the Institutional Digital Assets Summit, a strategic initiative aimed at promoting Bitcoin to institutional investors. This summit underscores the growing institutional interest in digital assets and marks a pivotal moment in Bitcoin’s journey toward mainstream acceptance.

Even though Keiser has concerns about Bitcoin ETFs, BlackRock’s iShares Bitcoin ETF is still getting a lot of money invested in it, and it’s the best-performing ETF in 2024.