The current rise of the Bitcoin price, which has so far hit $11,380, is likely to continue beyond its all-time peak, predicts the Wall Street veteran.
Max Keiser dropped a bombshell forecast on Twitter, saying bitcoin won’t stop rising until it hits $28,000 as the number one crypto gains more than 20 percent in a week.
The famous vocal host of the Keiser Report predicts in a series of tweets on July 27 that BTC / USD was heading for six figures after a correction span close to $30,000.
Timothy Maxwell “Max” Keiser is an American television broadcaster and filmmaker. He hosts the Keiser Show, a financial program broadcast on the RT (formerly known as Russia Today) media channel showcasing theories of heterodox economics.
The Keiser Business Guide:
Keiser anchored On the Edge, a news and analysis program hosted by Iran’s Press TV, until November 2012. He hosted the New Year’s Eve special The Keiser’s Business Guide to 2010 for BBC Radio 5 Live. Keiser presented a season of The Oracle with Max Keiser on BBC World News. He has produced and appeared on Al-Jazeera’s English network in the TV series People & Power.
Keiser asserted on a day of surprises, the rise of the Bitcoin reached $11,200. As recorded by Cointelegraph, $10,000 managed to stay for more than a couple of hours, and data showed this new trip to five figures was more stable in 2020 than others.
“Before we see a pullback, $28,000 is in play-and then we are heading to 6-figures,” Keiser summed up.
Well known for his optimism and BTC’s strong preference over other cryptocurrencies, Keiser even took a dig at Peter Schiff’s gold bug. Schiff, who’s been enjoying hitting all-time gold highs against the U.S. dollar, had previously dismissed the emergence of Bitcoin.
“It’s up or down for Bitcoin — it’s got to hold $10,000 now,” he said in a debate with Morgan Creek Digital co-founder Anthony Pompliano on his YouTube channel on Sunday.
Keiser had little time for this and Schiff’s other arguments, claiming that, in fact, the sceptic of Bitcoin secretly regretted his choice of gold.
“Somewhere, @PeterSchiff is poking out his brains right now,” reads the same tweet.
Gold is part of a haven boom that sees outstanding showing across assets as the US dollar weakens.
At press time, BTC/USD ran around $10,730 after reaching its local highs of $11,380 overnight.