IS BITCOIN GOING TO CRASH AFTER HITTING $100K
Bitcoin's price surge has been impressive, with it currently sitting at around $98,887. While some experts predict it will continue to rise, others warn of a potential crash after hitting $100,000.
Robert Kiyosaki, author of "Rich Dad Poor Dad," believes Bitcoin will hit $100,000 and has even stated he'll stop accumulating Bitcoin once it passes that mark.
However, Dogecoin co-founder Billy Markus joked that he hopes Bitcoin won't crash instantly after reaching $100,000.
Historically, Bitcoin has experienced corrections during periods of rapid growth. For instance, in the 2021 bull run, Bitcoin faced multiple pullbacks of 20-30% before continuing its upward trajectory.
A potential crash could be triggered by various factors, including:
Institutional selling: Large investors may sell their Bitcoin holdings, causing a price drop.
Regulatory changes: Changes in cryptocurrency regulations could negatively impact Bitcoin's price.
Market volatility: The cryptocurrency market is known for its volatility, and a sudden price drop could occur without warning.
However, it's essential to remember that the cryptocurrency market is highly unpredictable, and no one can accurately predict what will happen next.$BTC