Bullish Bitcoin investors are cheering the digital asset’s reclamation of a perch above $30,000 in recent days, but the rally back above that threshold only served to buoy bold predictions that the world’s largest and oldest crypto will hit six figures in the near future.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad”, says BTC is heading to an astonishing $135,000 a coin.
Bitcoin Price To $135,000 Next?
Bitcoin could trade at an eye-watering $135,000 per coin. That’s according to businessman Robert Kiyosaki, who on Friday, shared his latest bullish BTC price prognosis in a tweet. Kiyosaki strongly believes that $135K is Bitcoin’s next stop. 
Besides the OG cryptocurrency, the renowned author also proclaimed his bullish position on traditional safe-haven assets like gold and silver. He expects gold to cross $2,100 soon before eventually hitting a whopping $3,700. Similarly, he predicts silver to jump from its current $23 level to $68 per ounce.
Kiyosaki summarized his post by cautioning that those who save “fake dollars” would face financial repercussions and urged investors to be vigilant of their financial decisions.
BTC Flirts With $30,000
Kiyosaki’s Bitcoin prognosis comes after the top crypto broke above the $30,000 per coin barrier after many weeks of inertia as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Multiple ETF issuers revised their applications in recent days alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its perspective on greenlighting spot Bitcoin ETFs.
Kiyosaki is a well-known advocate of Bitcoin, frequently advising his followers on the X platform to buy the flagship crypto. In August, he characterized Bitcoin as “people’s money”, while gold and silver are “God’s money”. At the time, he predicted that BTC was going to $100,000 and potentially $1 million if the world economy crashes.
Bitcoin is currently trading for $29,935.76 as of publication time. But, based on Kiyosaki’s contentious track record, his forecasts should be taken with a huge grain of salt.
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Binance, the largest cryptocurrency exchange by volume, updated its monthly Proof of Reserves with the company’s self-reported audit on November 1. Notably, Binance customers have $601.57 million in Shiba Inu (SHIB) under its custody.
The total amount of Shiba Inu held by Binance’s reserves is 77.48 trillion SHIB, of which 75.19 trillion is from the customers’ net balance. Essentially, this means that a 103% ratio covers SHIB’s custody. It is 300 basis points higher than the 1:1 needed ratio.

Moreover, the centralized exchange also registers its proof of reserves by the Bitcoin (BTC) blockchain. With that, it is possible to reach worldwide time precision through the leading cryptocurrency’s timechain. In November, the self-audit took place in the Bitcoin block height 814748.
SHIB price analysis
Meanwhile, SHIB is trading at $0.000008 per token by press time. Shiba Inu is moving in a weekly bullish uptrend with close to 5% accumulated gains in the last seven days.
However, SHIB is now testing price support. A breakout from this zone could lead to increased losses from the 3.48% that was already lost in the last 24 hours.

Binance is the largest SHIB holder
Interestingly, Binance is the largest holding entity for SHIB tokens. The reported reserves accrue for 13.15% of Shiba Inu’s circulating supply, split into different addresses.
Additionally, the exchange is responsible for 23% of SHIB’s daily volume, according to data from CoinMarketCap at the time of publication. In the last 24 hours, Binance alone has exchanged more than $50 million in Shiba Inu trading operations.
In this context, the ability of Binance to honor its customer’s withdrawals is of great importance to the SHIB ecosystem. Shiba Inu can also be held in self-custody on cryptocurrency wallets with support to the Ethereum (ETH) network.
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Bitcoin (BTC) enthusiasts have long been known for their bullish predictions, but a recent report from brokerage firm Bernstein is adding weight to their claims.
The report suggests that Bitcoin’s historical price movements, particularly its relationship with halving events, make the prediction of a $150,000 price tag by 2025 not as far-fetched as it may seem.
One of the central themes highlighted in the report is the cyclical nature of the top crypto’s price cycles. Over the years, it has exhibited four-year patterns that align with its halving events. 
Bitcoin Halving Cycles: A Key Factor
Bitcoin halving, or “halvening,” is a pre-programmed event that reduces the number of new cryptos created and earned by miners by half. These events, which occur roughly every four years, have historically had a significant impact on the cryptocurrency’s price.
With the next halving expected in April 2024, Bernstein’s analysis suggests that investing in successful Bitcoin miners could be a strategic way to gain exposure to the cryptocurrency market, given the historical correlations between BTC price surges and these halving events.
As of the latest data from CoinGecko, the current price of Bitcoin stands at $34,458, with a 0.6% gain over the past 24 hours and a 0.9% increase in the past seven days. On-chain data is also providing promising signals, indicating that the coin’s upward momentum may persist into November.

Is The Bull Market Approaching?
Cryptocurrency exchange Bitfinex recently published its Alpha report, which conveys an optimistic outlook for the digital asset market. The report points to several key factors that suggest the market may be entering the early stages of a bull run.
One such factor is the digital asset’s ascent to the $35,000 price range. This milestone, reached on October 23, marked a significant moment in the crypto’s recent price trajectory. Additionally, the growing institutional interest in Bitcoin is seen as a promising sign of the market’s readiness for a bull phase.

Short-Term Holders Profiting: A Positive Sign
One interesting aspect observed during BTC’s recent surge to the $35,000 range was the behavior of short-term holders. This group consists of investors who have held Bitcoin for less than six months. On this occasion, they realized substantial profits.
The Short-Term Holder Spent Output Profit Ratio, a metric indicating the profitability of this group, surged to 1.059 on the same day, the highest level seen since April 11.

Bitcoin’s recent performance, coupled with the insights provided by Bernstein and Bitfinex, underscores the potential for Bitcoin to reach $150,000 by 2025.
As the next Bitcoin halving event approaches in 2024, investors and market participants will be watching closely to see if historical patterns continue to hold, ushering in a new era of cryptocurrency growth.
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