According to U.Today, cryptocurrency trader and entrepreneur Willy Woo has made a bullish prediction about Bitcoin on Twitter. He anticipates that Bitcoin's price will increase tenfold from its current level. Woo's prediction is based on the growing recognition of Bitcoin as a rapidly emerging asset class, a realization that has now reached Wall Street. He pointed out that asset classes are typically valued in the tens of trillions of U.S. dollars. If Bitcoin is now considered as such, its price should surge dramatically.
Woo also suggested that Bitcoin could potentially rival the U.S. dollar in size and become a reserve asset. He believes this could occur when Bitcoin reaches a global adoption rate of 25-40%, which he predicts will happen in the 2030s.
In related news, financial expert and Bitcoin advocate Robert Kiyosaki recently stated that Bitcoin is entering 'the Banana Zone.' This term, coined by former Goldman Sachs executive and investor Raoul Pal, refers to a period of exponential growth. Kiyosaki, the author of 'Rich Dad Poor Dad,' was persuaded to invest in Bitcoin by Pal several years ago. He purchased 30 Bitcoins when the cryptocurrency was valued at approximately $6,000. Kiyosaki continues to accumulate Bitcoin and hopes for a price drop to buy more. He recently expressed hope that Bitcoin could reach as high as $300,000 by September due to increased buying by spot ETFs and the scarcity caused by the fourth halving event in April.