Famend finance writer Robert Kiyosaki has as soon as once more 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) publish that Bitcoin will hit $100,000 by June 2024. Nonetheless, he didn’t point out what is going to propel this large worth surge. The finance knowledgeable is thought to be an enormous advocate of the foremost crypto token and, at totally different instances, given his opinion on its potential.
Prior to now, Kiyosaki, who authored the best-selling guide ‘Wealthy Dad, Poor Dad,’ mentioned 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 as soon as recognized the Bitcoin Halving as being pivotal for BTC’s development.
Apparently, the writer is believed to be a ‘crypto OG’ as he beforehand shared his pleasure about investing in BTC “years in the past.” He additionally continues to induce others to do the identical, claiming that it’s the solution to keep away from changing into poorer as a result of actions of the federal government. Kiyosaki doesn’t shrink back from criticizing the federal government and not too long ago went so far as branding the Federal Reserve “a legal group.”
In line with him, the “Fed has destroyed the financial system, made the poor and center class poorer, and bailed out their wealthy banking buddies.” As a substitute of trusting the Fed (probably to struggle inflation), Kiyosaki said that he would reasonably put his belief in Bitcoin and different property like Gold and Silver.
BTC worth nonetheless above $52,000 | Supply: BTCUSD on Tradingview.com
BTC Will Hit $100,000 However How Quickly?
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. Nonetheless, the final word query stays when precisely this can occur. Similar to Kiyosaki, crypto analyst Kevin Svenson believes that this worth stage isn’t far off.
Tom Dunleavy, Accomplice and Chief Funding Officer (CIO) at MV Capital, additionally predicted that Bitcoin will hit $100,000 this yr, though he didn’t give a extra exact timeframe like Kiyosaki. Whereas some predictions stay devoid of a selected timeframe, the assumption 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 stunning, contemplating that Bitcoin is thought to say a brand new all-time excessive (ATH) after miners’ rewards are lower in half. Some of the bullish post-halving worth predictions is Anthony Scaramucci’s prediction that BTC will hit $170,000 in 2025.
On the time of writing, Bitcoin was buying and selling at round $52,300, up over 1% within the final 24 hours, in accordance with information from CoinMarketCap.
Featured picture from InfoMoney, chart from Tradingview.com
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