Max Keiser, a renowned cryptocurrency investor and analyst, said, "The price of BTC this year could reach up to $28,000.
Max Kaiser reaffirmed his optimism for a mid-term rise in Bitcoin prices when the price of Bitcoin overcame a major $7,000 resistance on Sept. 1 (local time). Kaiser has consistently advocated a price target of $20,000 for Bitcoin since early this year.
According to NewsBTC, a former Wall Street trader, Max Kaiser, the target price of Bitcoin is still 28,000 dollars by the end of 2018, as the company has recently shown an unexpected short-term rally exceeding $7,000.
"If institutional investors invest in markets through trusted management solutions, chances will be higher," he added.
Bitcoin is now approaching $7,300 after stabilizing at a price range of $6,500 to $7,000. The rise in bitcoin has significant benefits for most of the cryptocurrency, including top 10 cryptocurrency such as Ethereum, Ripple, Bitcoin Cash, Ios, Stella, Lightcoin and Cardano.
Last month, Max Kaiser tweeted that price of bitcoin follows hashrate. The current price of Bitcoin is setting a new high as the hashrate rises. Hashirate is the ability to mine cryptocurrency at a speed that can quickly find passwords when mining cryptocurrency.