bitcoin-is-a-hedge-tool-robert-kiyosaki/” rel=”nofollow”>Renowned financial author Robert Kiyosaki has one more time made a bullish price prediction for the bitcoin-hit-turbulence-40-correction-eyed-before-reaching-150000-analyst-warns/” rel=”nofollow”>flagship cryptocurrency, bitcoin. This time, he predicts that bitcoin will reach $100,000 and mentions when exactly it will happen.
When bitcoin will reach $100,000
Kiyosaki mentioned in an X (formerly Twitter) mail that bitcoin will reach $100,000 in June 2024. However, he did not mention what will drive this massive price increase. The finance expert is known to be a big proponent of the biggest crypto token and, bitcoin-halving-event-identified-as-a-pivotal-one/” rel=”nofollow”>At different timesgiven your opinion of its potential.
Until now, Kiyosaki, author of the best-seller 'Rich Dad, Poor Dad', said that bitcoin was going to rise to $150,000 and highlighted the bitcoin-etfs-record-2-2-billion-inflow-in-past-week/” rel=”nofollow”>bitcoin Spot ETF as what would drive this parabolic movement. he also had bitcoin-halving-event-identified-as-a-pivotal-one/” rel=”nofollow”>once identified bitcoin Halving Is Critical to btc Growth.
Interestingly, the author is believed to be a 'crypto OG', as he previously shared his enthusiasm for investing in btc “years ago.” He too bitcoin-investment/” rel=”nofollow”>continue to urge others do the same, claiming that it is the way bitcoin/” rel=”nofollow”>avoid becoming poorer due to government actions. bitcoin-investment/” rel=”nofollow”>Kiyosaki does not shy away from criticizing the government and recently even went so far as to brand The Federal Reserve is “a criminal organization.”
According to him, “the Federal Reserve has destroyed the economy, impoverished the poor and middle class, and bailed out its rich banking friends.” Instead of relying on the Federal Reserve (possibly to fight inflation), Kiyosaki fixed who would rather trust bitcoin and other assets like gold and silver.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2024/02/Finance-Expert-Predicts-Bitcoin-Will-Hit-100000-Soon-Here39s-When" alt="Tradingview.com bitcoin Price Chart” width=”3286″ height=”1530″ loading=”lazy”/>
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 certainly reach $100,000 in the next bull run. However, the fundamental question remains when exactly this will happen. Like Kiyosaki, crypto analyst Kevin Svenson believe 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 he did not give a more precise timeline like Kiyosaki. While some predictions still lack a specific time frame, the belief is that this parabolic price rise will occur after bitcoin-bull-market-glassnode/” rel=”nofollow”>bitcoin Halving.
The Halving Event has been projected be what drives the next bull run. This is not surprising, considering that bitcoin is known to hit a new all-time high (ATH) after bitcoin-supply-shock-57-of-btc-hasnt-moved-2-years/” rel=”nofollow”>Miner rewards are cut. to the half. One of the most optimistic price predictions after the halving 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 more than 1% in the last 24 hours, according to bitcoin/” rel=”nofollow”>data from CoinMarketCap.
Featured image from InfoMoney, chart from Tradingview.com
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