The bullish Bitcoin (BTC) market prompted Max Keiser, an avowed Bitcoin supporter & host of 'Keiser Report' predict a high of $28,000 to Bitcoin which could well before a pullback head over to about six figures! In his tweet he was apparently taking a swipe at Peter Schiff, American economist & stock broker.
Gold bug Peter Schiff had previously dismissed Bitcoins in an interview with Morgan Creek Digital Co-founder, Anthony Pompliano on his Youtube channel on Sunday saying “It’s put up or shut up for Bitcoin-It’s got to hold $10,000 now”
In the interview Schiff explained how Bitcoin could not keep up the gain even after passing $10k mark recently, “Two of the last three times Bitcoin rose above $10,000 in Oct. of 2019 and in Feb. of 2020 it soon fell by 38% and 63%, respectively,”
According to Schiff, Bitcoin is expected to drop down after this high initial uptrend momentum.
The war of words ensued with Peter Schiff responding back to Keiser on his tweet:
Regarding Gold vs Bitcoin investments Keiser tweeted saying “I have been saying for over a year that silver and gold will be difficult to source and the market will shift to Bitcoin as hard money substitutes, and those who never thought of buying BTC will be forced to.”
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