Bitcoin price to hit $28K, says Max Keiser

Bitcoin price to hit $28K, says Max Keiser

Max Keiser recently expressed the opinion that the Bitcoin price would continue rising to US$28,000 [AUS$39,180] before a pullback occurs.

In fact, the host of the Keiser Report took his prediction one step further. He said the Bitcoin price would then eventually hit six figures.

Bitcoin price adventures

The price of the world’s foremost cryptocurrency recently went over the US$11,000 [AUS$15,390] mark before dipping back down again. However, BTC is once again flirting with that barrier as it is currently trading for US$10,953 [AUS$15,326].

This price point for Bitcoin represents a nice surge over the last week. Outside of a dip in March, BTC has floated around the US$9,000 [AUS$12,590] mark for most of the year.

The current Bitcoin price surge is a gleeful circumstance for Max Keiser, a noted Bitcoin advocate, and other crypto enthusiasts. In his tweet, Keiser also took a swipe at noted Bitcoin critic Peter Schiff, who prefers gold. In his tweet, Keiser says, “Somewhere, @PeterSchiff is puking his brains out right now.”

In late June, Max Keiser said that a Bitcoin price point of US$50,000 [AUS$72,000] would turn some of the more prominent Bitcoin skeptics into true believers. He specifically mentioned Peter Schiff, Mark Cuban, and Jim Rogers, saying they’ll “go all-in with huge buys” once they finally understand Bitcoin.

Enthusiasm abounds

Max Keiser is not the only person excited about the recent upward trajectory of the Bitcoin price. BitMEX CEO Arthur Hayes also took to Twitter to express his opinion, exclaiming that it is now a full-on bull market.

Cryptocurrency investor Michael Novogratz told CNBC that he expects Bitcoin to hit US$20,000 [AUS$27,990] by the end of the year. He said, “The liquidity story isn’t going to go away. We’re going to get a big stimulus. It doesn’t look like the Federal Reserve is going to raise rates.”

Novogratz went on to say that a lot of money just shifted into gold and Bitcoin. He added that institutional interest in Bitcoin is growing, but he did stipulate there will be a learning curve for such investors. He notes, “Gold has been around for 3,000 years. It’s pretty easy to buy. There’s an adoption game in bitcoin that you don’t have in gold.”

Featured image courtesy of Hektor Ehring Jeppesen/Flickr

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