Robert Kiyosaki estimates that Bitcoin will reach $300 000 before the end of the year
Renowned financier Robert Kiyosaki shook up social networks this week with an ambitious prediction for the price of Bitcoin. In the world of crypto-currencies and finance in general, it’s not uncommon to come across price predictions for assets. The author of the famous book "Rich Dad Poor Dad", has once again ventured into this territory and made an ambitious prediction about the price of Bitcoin.
Bitcoin, Investment, Crypto, ETF
2024-03-11
Table of contents
- In a recent post on X, which attracted a great deal of attention on social media, Robert Kiyosaki predicted that the price of Bitcoin will reach $300,000 by the end of 2024. Kiyosaki's optimism about Bitcoin is nothing new. According to him, Bitcoin is a store of value and a hedge against inflation. That's why, in this post, he encourages people to overcome procrastination and start investing, even with limited resources.
- Robert Kiyosaki's forecast echoes the sentiments of other experts in the field of digital assets. Indeed, William Quigley, one of the co-founders of Tether, has also forecast a rise in the price of BTC to $300,000. Quigley backed up his argument by explaining the fundamental analysis of money flowing into Bitcoin, highlighting the growing trend of institutional and individual investments in the Bitcoin market.
- Note that this prediction comes as Bitcoin spot ETFs were approved by the SEC earlier this year. This approval stimulated massive purchases of Bitcoins by various Bitcoin spot ETF issuers, including BlackRock. What's more, the price of Bitcoin recently surpassed its all-time high. With the current price above $70,000, another event eagerly awaited by investors will take place in just over a month's time: the Bitcoin Halving.
- While Robert Kiyosaki and others share this optimistic view of Bitcoin, it's worth noting that the cryptocurrency market remains volatile, and this volatility remains a source of concern for many investors. Nevertheless, it will be interesting to follow the market's evolution and see if this prediction comes true.
Source: https://bitcoinnews.com/markets/kiyosaki-reacts-bitcoin-300k-by-year-end/?ref=onepagecrypto.com, consulted on 11.03.24
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