Renowned financial author Robert Kiyosaki has Once again made a bullish price prediction for Flagship cryptocurrency, Bitcoin. This time he predicts that Bitcoin will reach $100,000 and mentions when exactly this will happen.
When Bitcoin reaches $100,000
Kiyosaki is mentioned with an X (formerly Twitter) post that Bitcoin will reach $100,000 by June 2024. However, he did not mention what will drive this massive price increase. The financial expert is considered a big supporter of the leading crypto token and at other timesgave his opinion on his potential.
Previously, Kiyosaki, the author of the bestselling book “Rich Dad, Poor Dad,” said that Bitcoin would rise to $150,000 and pointed this out Explore Bitcoin ETFs as what would drive this parabolic movement. He had it too once identified The Bitcoin halving is considered crucial for the growth of BTC.
Interestingly, the author is believed to be a “crypto OG” as he expressed enthusiasm for investing in BTC “years ago”. He also continues to push others to do the same and claim that this is the right way avoid becoming poorer due to government measures. Kiyosaki is not afraid to criticize the government and recently even went so far Branding the Federal Reserve is “a criminal organization.”
According to him, “The Fed 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 specified that he would rather rely on Bitcoin and other assets such as gold and silver.
BTC price still above $52,000 | Source: BTCUSD on Tradingview.com
BTC Will Hit $100,000, But How Soon?
Several crypto analysts seem to agree that Bitcoin will undoubtedly reach $100,000 in the next bull market. However, the final question remains when exactly this will happen. Just like Kiyosaki, Crypto analyst Kevin Svenson believes that this price level is not far away.
Tom Dunleavy, partner and chief investment officer (CIO) at MV Capital, also predicted that Bitcoin will reach $100,000 this year, although like Kiyosaki, he did not provide a more specific time frame. While some predictions do not provide a specific time frame, this parabolic price increase is expected to occur later Bitcoin halving.
The halving event was projected to be what triggers the next bull market. This is not surprising considering that Bitcoin is known to reach a new all-time high (ATH) after this Miners' rewards will be reduced in two. One of the most optimistic post-halving price predictions is Anthony Scaramucci's prediction that BTC will reach $170,000 in 2025.
At the time of writing, Bitcoin was trading at around $52,300, up over 1% in the last 24 hours Data from CoinMarketCap.
Featured image from InfoMoney, chart from Tradingview.com
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