Bitcoin Price at $100k by September 2024: Robert Kiyosakiâs Bold Prediction.
Renowned author and investor, Robert Kiyosaki, known for his insightful perspectives, has once again voiced his optimism regarding Bitcoin, projecting a bullish trajectory for the cryptocurrency. His latest prediction suggests that Bitcoinâs value could soar to $100,000 by the yearâs end. Kiyosakiâs endorsement comes with a personal investment strategy tailored to harness the potential growth of Bitcoin.
Read more about his strategy below.
Kiyosakiâs (Clever?) Approach
Kiyosakiâs strategy revolves around seizing the opportunity presented by Bitcoinâs upcoming halving event. He recommends investing in Bitcoin whether youâre buying whole coins or smaller fractions like ETFs and Satoshis. His belief is so strong that he plans to add another 10 Bitcoins to his portfolio before April hits.
Kiyosakiâs bullish stance is echoed by other financial heavyweights like Michael Saylor and Andy Schectman. They warn against relying on fiat currencies, dubbing them âfakeâ money. Instead, they advocate for Bitcoin as a safer option amidst economic uncertainty and geopolitical tensions.
Itâs been a Rollercoaster Ride!
Despite recent ups and downs, Bitcoin has shown resilience, bouncing back from lows of $61,000 to surpass $65,000 within a week. This rally is driven by strong buying interest, highlighting continued confidence in Bitcoinâs potential. The cryptocurrencyâs price movements closely mirror the 20-day exponential moving average, reflecting ongoing battles between buyers and sellers.
Whatâs Next for Bitcoin?
Technical analysis suggests that if Bitcoin can break through the $69,000 resistance level, it could open the floodgates to even higher valuations, possibly hitting $75,000. However, failing to hold support levels could lead to further corrections, underscoring the volatile nature of the cryptocurrency market.
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