After Bitcoin hit $6,000 and stayed above it Monday, the virtual currency’s most famous fans are confident $10,000 will involve little effort.
Mixed messages are accounting for Bitcoin’s sudden second surge above the $6,000 mark, with Max Keiser pointing to a combination of factors for underlying support.
30,000 new #Bitcoin wallets a day. ETF coming soon. Wall St. just getting started. Regulators waking up to their impotence. Hello $10,000!
— Max Keiser (@maxkeiser) October 29, 2017
The move itself, however, could be down to just one trader, analysis on social media suggests.
— WhaleCalls (@whalecalls) October 29, 2017
Bitcoin continues to deny bubble criticism from major legacy finance figures, which now include infamous investor Warren Buffett, while JPMorgan CEO Jamie Dimon has taken a back seat in his cryptocurrency chiding.
Keiser meanwhile remains steadfast in his prediction of an easy ride to $10,000 per Bitcoin, reiterating his long-term target since 2011 being ten times that – $100,000.
Anyone who thinks otherwise, he wrote on Twitter Monday, “has not been paying attention.”
Bitcoin prices reached a new all-time high of $6,300 Sunday before tailing off to hover around $6,110 at press time.
The move dragged altcoin markets along with it, with the top ten seeing 24-hour gains of up to 6.6 percent.
Bitcoin Cash, too, has achieved multi-week highs with its Sunday trading price of $475 at its highest since mid-September.