Future

Bitcoin

Standard

Bold

Financial guru Robert Kiyosaki has ignited the crypto community with his latest price prediction, claiming Bitcoin will hit $100,000 by June 2024. However, experts urge caution, reminding investors of the inherent volatility and uncertainty surrounding such forecasts. 
<h2 data-sourcepos="5:1-5:56" id="strong-bold-prediction-familiar-voice-strong">Bold Prediction, Familiar Voice</h2> 
Kiyosaki, author of the bestselling “Rich Dad Poor Dad” book, is no stranger to bold pronouncements about Bitcoin. He has long been a vocal advocate for the cryptocurrency, previously predicting a $120,000 price tag by year-end 2024 and a staggering $500,000 by 2025. This latest claim for a June surge has sent ripples through the crypto space, with fans and skeptics alike weighing in. 
<blockquote class="twitter-tweet"> 
 BITCOIN to $100k by June 2024. 
 — Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1759336403715101181?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">February 18, 2024</a>
</blockquote> 
<h2 data-sourcepos="7:1-7:2" id="strong-hedging-bets-on-inflation-strong">Hedging Bets On Inflation</h2> 
Kiyosaki’s rationale hinges on the crypto’s potential as a hedge against inflation and economic instability. He believes investors will flock to the digital asset seeking refuge from rising prices and potential market meltdowns, driving the price upwards. 
This viewpoint aligns with his broader philosophy of financial preparedness and asset diversification, which emphasizes alternative investments like gold, silver, and, of course, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener nofollow">Bitcoin.</a> 
Meanwhile, he tweeted a few days earlier, saying, he prefers to trust gold, silver, and Bitcoin rather than the Fed.” Robert has consistently voiced his disapproval of the Fed and his thoughts on how they are ruining the US economy. 
<blockquote class="twitter-tweet"> 
 Rather than trust the Fed I prefer to trust gold, silver, and Bitcoin. 
 — Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1758195544835703136?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">February 15, 2024</a>
</blockquote> Bitcoin: Expert Skepticism, Market Reality 
While Kiyosaki’s predictions often garner attention, some financial experts advise caution. The cryptocurrency market remains notoriously volatile.&nbsp;Additionally, past performance is not a guarantee of future results, and unforeseen events can significantly impact the market’s trajectory. 
<img loading="lazy" decoding="async" class="aligncenter wp-image-282672 size-medium" src="https://bitcoinist.com/wp-content/uploads/2024/02/a_c29189.png?resize=615%2C420" alt="" width="615" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2024/02/a_c29189.png?w=636 636w, https://bitcoinist.com/wp-content/uploads/2024/02/a_c29189.png?w=615 615w" sizes="(max-width: 615px) 100vw, 615px" data-recalc-dims="1"> What Others Are Saying&nbsp; 
In other developments, several individuals and organizations have suggested that Bitcoin could reach $100,000, although specific timelines vary. Frank Holmes, executive chairman of HIVE Digital Technologies, anticipates a doubling of the king coin’s price over the next 12 months to<a href="https://www.forbes.com/advisor/investing/cryptocurrency/can-bitcoin-reach-100k/" target="_blank" rel="noopener nofollow"> 4x its current value.</a> 
Matt Hougan, Chief Investment Officer at Bitwise, expects Bitcoin to experience a multi-year bull market and possibly reach new all-time highs in 2024. 
Additionally, Cathie Wood, CEO of Ark Invest, has projected Bitcoin reaching $1.48 million by 2030, although this figure does not specifically address a $100,000 milestone in 2024. 
Standard Chartered has reiterated an earlier prediction that the crypto asset could reach $100,000 by the end of 2024. 
Related Reading: <a href="https://bitcoinist.com/is-bitcoin-headed-for-a-shakeout/" target="_blank" rel="noopener ">Is BTC Headed For A Shakeout? Price-Driven Changes Spark Questions About Miner Future</a> 
Matrixport, a crypto financial services firm, has estimated that Bitcoin could reach $125,000 by the end of 2024. 
These estimates indicate that there is considerable optimism among industry leaders regarding Bitcoin’s potential to achieve a six-figure valuation; however, no single individual or organization speaks definitively for the entire industry. 
Featured image from Adobe Stock, chart from TradingView

Really Now? Bitcoin Will Hit $100,000 This June 2024, Finance Guru Predicts

목차

Bitcoinist

2024년 2월 20일에 게재된 다른 기사

Starknet Confronts User Downturn Before Major Token Release

Best Presale To Invest In: BlockDAG Presale Rapid Sellout Fades RETIK As Bitcoin Surges Beyond $50K

Stablecoin, Staking Laws in the UK to Come in Six Months: Minister

XRP Wallet Linked to “Musk” May Herald Cryptocurrency’s New Peak

Why is Golem (GLM) Price Up By 45%? Analyst Expects Further Upside

Top 5 Low Cap AI-Altcoins To Stack This Crypto Bull Run

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!