- Bitcoin price is projected to hit $100K in the near future.
- Upcoming halving and crucial decoupling from monetary policies will aid the growth leap.
There remains a lot of ongoing speculations about the price of Bitcoin (BTC) as different fundamentals flash different signs. Riding on the current outlook of the cryptocurrency and its embrace amongst top institutional investors, prominent Bitcoin maximalists are now projecting a more ambitious future for the digital currency.
While there are many investors and market experts that are positively tilted toward digital currency, Robert Kiyosaki stands out. The American businessman, investor, and motivational speaker is known for his bestselling book, Rich Dad Poor Dad, recently shared the reasons why he is most fascinated about Bitcoin.
In a recent tweet, Kiyosaki noted that he loves Bitcoin because of its supporting ecosystem. He noted that he has experienced a number of BTC price slumps despite the negative sentiment that trails each bearish event, the cryptocurrency is known to reverse back to promising levels.
In one of such events, Kiyoshi said the price of the premier cryptocurrency slumped to $0k from about $20,000 it recorded as an All-Time High (ATH) earlier. He said the price of the asset corrected to $6,000, a level where he subsequently accrued massive amounts of the now popular investment asset.
WHY I ❤️BITCOIN: Years ago I watched BC climb to $20k then drop to 0. I thought BC finished. Slowly watched BC climb to $6 k & I bought lots. WHY? Because people support BC not FED or Gov. BC did not need FED or Gov bailout because BC people’s money. BC to $100k. Long live BC.
— Robert Kiyosaki (@theRealKiyosaki) April 21, 2023
While there are thousands of assets people generally invest in, Kiyosaki said he was confident to accrue BTC because people support the coin even more than they support the United States Federal Reserve. He went on to argue that Bitcoin is one of the assets whose independence makes it operate without needing a bailout from the government.
The veteran investor said Bitcoin is the people’s money, and he went on to give his own price prediction for the premier cryptocurrency.
Bitcoin to Reach $100,000, Kiyosaki Says
After gushing about his trust in the cryptocurrency, Robert Kiyosaki projected a $100,000 price target for the cryptocurrency, echoing similar projections from other known market analysts and commentators.
Judging by its history, Bitcoin has not touched the $70,000 price level yet, however, two crucial expectations, if achieved, can help usher in this humongous prediction from Kiyosaki and other Bitcoin Maxis.
No spam, no lies, only insights. You can unsubscribe at any time.
The first is the upcoming halving event which is bound to introduce an element of deflation into the Bitcoin network. This deflation coupled with the growing demand for cryptocurrency can stir a steady upshoot in the price of the asset.
The next major expectation is that more nations will start adopting the nascent asset class as a legal tender, just like El Salvador and the Central African Republic (CAR). The embrace from nations like this will place BTC on a national platform, and can largely help fast-track the massive adoption and accumulation of the digital currency.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Credit: Source link
