Max Keiser: Bitcoin Will Hit $28K and Correct, Then Break Six Figures
Bitcoin (BTC) will not stop rising until it reaches $28,000 and corrects, Max Keiser believes as the king coin gains over 20% in a week.
In a series of tweets on July 27, the famously outspoken host of the Keiser Report predicts that BTC/USD was headed for six figures after a correction period near $30,000.
Peter Schiff is “puking his brains out”
Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. Bitcoin managed to hold $10,000 for longer than a matter of hours, and data showed that this latest trip to five figures was sturdier that others in 2020.
“$28,000 is in play before we see a pullback — and then we’re heading to 6-figures,” Keiser stated.
Well known for his optimism and heavy preference for BTC over other cryptocurrencies, Keiser further took aim at gold bug Peter Schiff. Schiff, who has been celebrating gold reaching all-time highs against the U.S. dollar, had previously dismissed Bitcoin’s rise.
“It’s put up or shut up for Bitcoin — it’s got to hold $10,000 now,” he said during a debate with Morgan Creek Digital co-founder, Anthony Pompliano, on his YouTube channel on July 26.
Keiser had little time for this and Schiff’s other arguments, stating that the Bitcoin skeptic was in fact secretly regretting his choice of gold.
“Somewhere, @PeterSchiff is puking his brains out right now,” the same tweet reads.
Analyst: Bitcoin price is becoming “very interesting”
Gold is part of a safe have boom which is seeing impressive performance across assets as the U.S. dollar weakens.
Another behemoth stimulus injection from the Federal Reserve, inflating the money supply, has merged with geopolitical tensions and the ongoing coronavirus outbreak to spur concerns among investors.
At press time, BTC/USD broke $11,000 threshold.
Analyst known as flibflib, though, notes that even flipping slightly lower levels as support would be a turning point for Bitcoin, with $10,500 formerly making staunch resistance.
“Breakout! $10,500 the level that needs to become support… then… then things get real interesting,” he wrote on his Telegram trading channel.