In mid-July 2024, Bitcoin has shown amazing market vitality, with the price jumping above $64,000, a year-to-date increase of nearly 90%, and a market value of more than $1 trillion. Faced with such rapid growth, a core question has surfaced: Where will Bitcoin go in the future?
Robert Kiyosaki, a financial educator and best-selling author, made a bold prediction, claiming that the price of a single Bitcoin could soar to $10 million. His arguments, as well as those from experts in other fields, paint a future picture of Bitcoin's prospects.
Kiyosaki's prediction is based on concerns about the health of the US fiscal system. The United States currently has a huge debt of nearly $35 trillion, and about 16% of the federal budget is used to pay interest on the debt. The debt continues to grow and there is no sign of slowing down, which makes Kiyosaki and other Bitcoin advocates worry that the government may be forced to continue to issue more money.
If the government chooses to print money, the actual value of each unit of currency will shrink due to inflation, and the prices of goods and services will rise accordingly. Historical examples, such as hyperinflation in Germany and Zimbabwe, warn of the consequences of a loss of confidence in a currency. Kiyosaki believes that the US debt crisis will eventually lead to a collapse in the value of the US dollar, and with it, turmoil in asset markets.
Against this backdrop, Kiyosaki predicts that from the end of 2025, capital will be withdrawn from the US dollar on a large scale and shifted to more stable assets, including gold, silver and Bitcoin. He firmly believes that in this reshuffle of currencies and assets, the price of Bitcoin will "easily" climb to $10 million per coin.
It is worth noting that even though the price of Bitcoin fluctuates, the buying behavior of institutional investors has not slowed down, but instead suggests positive inflows of funds into spot exchange-traded funds (ETFs). Bitcoin, as a new asset in the digital age, is gradually being seen as a safe-haven tool on par with gold and silver.