Bitcoin (BTC) volition not stop rising until information technology hits $28,000, Max Keiser believes every bit the largest cryptocurrency gains over xx% in a week.

In a series of tweets on July 27, the famously outspoken host of the Keiser Written report forecast that BTC/USD was headed for six figures subsequently a correction period nearly $thirty,000.

Peter Schiff is "puking his brains out"

Keiser made the prediction as Bitcoin passed $xi,200 during a twenty-four hour period of surprises. As Cointelegraph reported, $10,000 managed to agree for longer than a thing of hours, and data indicated that this latest trip to five figures was sturdier than others in 2020.

"$28,000 is in play before we see a pullback - so we're heading to half dozen-figures," Keiser summarized.

Well known for his optimism and heavy preference for BTC over other cryptocurrencies, Keiser farther took a swipe at gold bug Peter Schiff. Schiff, who has been celebrating golden striking all-fourth dimension highs against the U.South. dollar, had previously dismissed Bitcoin'due south rise.

"It'due south put up or shut upwards for Bitcoin — it's got to hold $ten,000 now," he said during a contend with Morgan Creek Digital co-founder, Anthony Pompliano, on his YouTube channel on Sunday.

Keiser had piffling time for this and Schiff's other arguments, claiming that in fact, the Bitcoin skeptic was secretly regretting his choice of gold.

"Somewhere, @PeterSchiff is puking his brains out right now," the aforementioned tweet reads.

Bitcoin versus gold 3-month chart

Bitcoin versus gold 3-month nautical chart. Source: Skew

Annotator: BTC price is getting "very interesting"

As Cointelegraph noted on Monday, gold is role of a safe haven nail which is seeing impressive performance across assets equally the U.S. dollar weakens.

Another behemothic stimulus injection from the Federal Reserve, inflating the money supply, has combined with geopolitical tensions and the ongoing coronavirus outbreak to produce unease amid investors.

At press time, BTC/USD was circumvoluted $x,730 afterward reaching its local highs of $eleven,380 overnight.

For Cointelegraph Markets annotator filbfilb, however, even flipping slightly lower levels as support would be a turning point for Bitcoin, with $10,500 formerly mark severe resistance.

"Breakout! $10,500 the level that needs to go support... then... then things get real interesting," he wrote on his Telegram trading aqueduct.