Max Keiser Predicts That Larry Ellison’s Oracle Could be the Next Corporate Bitcoin Investor

Azeez Mustapha
9 February 2021 | Updated: 9 February 2021

Behemoth electric manufacturer, Tesla, has become the latest institutional investor to invest a huge sum into Bitcoin (BTC) after it was announced yesterday that the company bought $1.5 billion worth of Bitcoin in January and now accepts BTC payments.

The trend of institutional investors taking up huge amounts of Bitcoin picked up momentum in the summer of 2020 when MicroStrategy acquired more than $1 billion worth of BTC.

Although the benchmark cryptocurrency has seen several other large-cap corporate investors come on board over the past few months, Tesla’s entrance could be a game-changer for BTC considering the kind of influence the company and its CEO, Elon Musk, wields.

Already, speculators are circulating that Apple could be the next corporate investor to come aboard Bitcoin. However, Max Keiser, the founder of Heisenberg Capital, has a different possible investor in mind.

Keiser recently claimed that the next “big corporate BTC buyer” will be Larry Ellison’s Oracle.

Oracle, which was founded in 1977 and headquartered in Texas, is a multinational computer technology company ranked as the 82nd-largest US company based on revenue in the Fortune 500 list.

Worth mentioning is that Ellison joined the Board of Directors at Tesla on December 27, 2018. Before then, he was already the second-largest shareholder at the company after Elon Musk, after purchasing 3,000,000 shares.

BTCUSD – Hourly Chart

Key BTC Levels to Watch — February 9

Following the Tesla news-induced bull run, which sent the cryptocurrency to a new all-time high at $48,201, Bitcoin appears to be taking a breather below the $47,500 over the past few hours.

That said, we expect the cryptocurrency to continue on a range-bound momentum between the $47,500 resistance and the $45,000 support over the coming hours. Following that, a retest of the $48.2k ATH should be seen.

Meanwhile, our key resistance levels are at $47,500, $48,200, and $49,000. While our key support levels are at $45,000, $44,000 and $43,000.

Total Market Capitalization: $1.42 trillion

Bitcoin Market Capitalization: $877 billion

Bitcoin Dominance: 61.7%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.