Max Kaiser: The short-term goal of Bitcoin is $ 28,000

Max Kaiser: The short-term goal of Bitcoin is $ 28,000

Gate Trade News Sunday, October 18, 2020 31 0

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. 

 

However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners.

 

Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.”

 

CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value.