Renowned financial author Robert Kiyosaki has again made a bullish price prediction for the flagship cryptocurrency, Bitcoin. This time he predicts that Bitcoin will reach $100,000 and mentions when exactly this will happen.
When Bitcoin will reach $100,000
Kiyosaki mentioned in an X (formerly Twitter) after that Bitcoin will reach $100,000 in June 2024. However, he did not say what will cause this huge price increase. The financial expert is known to be a strong supporter of the premier crypto token and, on different timesgiven his opinion on its potential.
Until now, Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” said Bitcoin would rise to $150,000 and called the Discover Bitcoin ETFs as what would drive this parabolic movement. He had that too once identified Bitcoin halving as crucial for BTC growth.
Interestingly, the author is believed to be a ‘crypto OG’ as he previously shared his enthusiasm about investing in BTC ‘years ago’. Him too continues to encourage others to do the same, claiming that this is the way to do it prevent yourself from becoming poorer as a result of government actions. Kiyosaki does not shy away from criticizing the government and recently went so far as to do so 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 bank friends.” Instead of trusting the Fed (possibly to fight inflation), Kiyosaki declared that he would rather put his trust in Bitcoin and other assets such as gold and silver.
BTC price still above $52,000 | Source: BTCUSD on Tradingview.com
BTC will reach $100,000, but how soon?
There seems to be a consensus among several crypto analysts that Bitcoin will undoubtedly reach $100,000 in the next bull run. However, the ultimate question remains when exactly this will happen. Like Kiyosaki, crypto analyst Kevin Svenson believes that this price level is not far off.
Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, also predicted that Bitcoin will reach $100,000 this year, although he did not give a more precise time frame like Kiyosaki. While some predictions still don’t have a specific time frame, the belief is that this parabolic price increase will happen next Bitcoin halving.
The Halving Event has been projected to be what kickstarts the next bull run. That’s not surprising, as Bitcoin is known to claim a new all-time high (ATH) after this Miner rewards are reduced by half. One of the most bullish price predictions after the halving is Anthony Scaramucci’s prediction that BTC will reach $170,000 by 2025.
At the time of writing, Bitcoin was trading around $52,300, up more than 1% in the past 24 hours. facts from CoinMarketCap.
Featured image from InfoMoney, chart from Tradingview.com
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