Renowned finance author Robert Kiyosaki has once again made a bullish worth prediction for the flagship cryptocurrency, Bitcoin. This time, he predicts that Bitcoin will hit $100,000 and mentions when precisely this can occur.
When Bitcoin Will Hit $100,000
Kiyosaki talked about in an X (previously Twitter) post that Bitcoin will hit $100,000 by June 2024. However, he didn’t point out what’s going to propel this huge worth surge. The finance professional is thought to be an enormous advocate of the foremost crypto token and, at different times, given his opinion on its potential.
Before now, Kiyosaki, who authored the best-selling guide ‘Rich Dad, Poor Dad,’ stated that Bitcoin was going to rise to $150,000 and singled out the Spot Bitcoin ETFs as what would drive this parabolic transfer. He had additionally once identified the Bitcoin Halving as being pivotal for BTC’s progress.
Interestingly, the creator is believed to be a ‘crypto OG’ as he beforehand shared his pleasure about investing in BTC “years ago.” He additionally continues to urge others to do the identical, claiming that it’s the technique to avoid becoming poorer as a result of actions of the federal government. Kiyosaki doesn’t draw back from criticizing the federal government and not too long ago went so far as branding the Federal Reserve “a criminal organization.”
According to him, the “Fed has destroyed the economy, made the poor and middle class poorer, and bailed out their rich banking friends.” Instead of trusting the Fed (probably to struggle inflation), Kiyosaki stated that he would moderately put his belief in Bitcoin and different property like Gold and Silver.
BTC worth nonetheless above $52,000 | Source: BTCUSD on Tradingview.com
BTC Will Hit $100,000 But How Soon?
There appears to be a consensus amongst a number of crypto analysts that Bitcoin will little doubt hit $100,000 within the subsequent bull run. However, the final word query stays when precisely this can occur. Just like Kiyosaki, crypto analyst Kevin Svenson believes that this worth degree isn’t far off.
Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, additionally predicted that Bitcoin will hit $100,000 this 12 months, though he didn’t give a extra exact timeframe like Kiyosaki. While some predictions stay devoid of a particular timeframe, the idea is that this parabolic worth surge will occur after Bitcoin Halving.
The Halving occasion has been projected to be what kickstarts the following bull run. That isn’t shocking, contemplating that Bitcoin is thought to assert a brand new all-time excessive (ATH) after miners’ rewards are cut in half. One of probably the most bullish post-halving worth predictions is Anthony Scaramucci’s prediction that BTC will hit $170,000 in 2025.
At the time of writing, Bitcoin was buying and selling at round $52,300, up over 1% within the final 24 hours, in keeping with data from CoinMarketCap.
Featured picture from InfoMoney, chart from Tradingview.com
Disclaimer: The article is supplied for instructional functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You are suggested to conduct your personal analysis earlier than making any funding selections. Use data supplied on this web site solely at your personal danger.
