Renowned finance author Robert Kiyosaki has once again made a bullish value 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. Nonetheless, he didn’t point out what’s going to propel this huge value 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.
Prior to now, Kiyosaki, who authored the best-selling e book ‘Wealthy 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 development.
Curiously, 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 urge others to do the identical, claiming that it’s the strategy to avoid becoming poorer because of the 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 accordance with him, the “Fed has destroyed the financial system, made the poor and center class poorer, and bailed out their wealthy banking mates.” As an alternative of trusting the Fed (probably to combat inflation), Kiyosaki stated that he would fairly put his belief in Bitcoin and different property like Gold and Silver.
BTC value 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 question 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 value degree isn’t far off.
Tom Dunleavy, Companion 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 particular timeframe, the idea is that this parabolic value surge will occur after Bitcoin Halving.
The Halving occasion has been projected to be what kickstarts the subsequent bull run. That isn’t stunning, contemplating that Bitcoin is thought to assert a brand new all-time excessive (ATH) after miners’ rewards are cut in half. One of the bullish post-halving value 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 response to data from CoinMarketCap.
Featured picture from InfoMoney, chart from Tradingview.com
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