According to Max Keiser, venture capitalist and Wall Street veteran, Bitcoin (BTC) will continue its bullish run until it hits $28,000. After which, the market will correct itself.
In less than one week, Bitcoin has grown by over 20%, surpassing the highly anticipated $10,000 mark. As at press time, the king coin is trading at $11,120. Keiser believes that the value will more than double in the coming weeks. He made the prediction on Twitter on July 27, adding that the king coin is headed for 6-figures. The tweet reads:
“$28,000 is in play before we see a pullback – and then we’re heading to 6-figures.”
For most of July, Bitcoin lingered between $9,300 and $9,500. The crypto community has been expecting Bitcoin to break into $10,000 and make its way to it’s all-time-high. Surprisingly, Bitcoin only spent a few hours passing through the $10,000 range.
It is no secret that Bitcoin is Keiser’s favourite crypto. In the heat of excitement, the VC took a jab at Peter Schiff. Schiff has been publicly praising the sudden surge in gold price while dismissing Bitcoin. Keiser’s tweet said that Schiff was probably “puking his brains out” with Bitcoin’s sudden rise.
In the past few weeks, gold and silver have been on the rise largely due to a safe haven boom.
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