Renowned 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 may 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. However, he didn’t point out what’s going to propel this large worth surge. The finance skilled is thought to be an enormous advocate of the foremost crypto token and, at completely different occasions, 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 as soon as recognized the Bitcoin Halving as being pivotal for BTC’s development.
Interestingly, the writer is believed to be a ‘crypto OG’ as he beforehand shared his pleasure about investing in BTC “years ago.” He additionally continues to induce others to do the identical, claiming that it’s the method to keep away from changing into poorer because of the actions of the federal government. Kiyosaki doesn’t draw back from criticizing the federal government and just lately 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 combat inflation), Kiyosaki acknowledged that he would relatively put his belief in Bitcoin and different belongings 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 question hit $100,000 within the subsequent bull run. However, the final word query stays when precisely this may occur. Just like Kiyosaki, crypto analyst Kevin Svenson believes that this worth stage isn’t far off.
Tom Dunleavy, Partner and Chief Investment 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. While 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 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 minimize in half. One of essentially 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, based on information from CoinMarketCap.
Featured picture from InfoMoney, chart from Tradingview.com
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