Over the past seven days, Bitcoin has fallen almost 6%, trading in the $66,000 range. That's more than 10% below this year's highest level. However, experts continue to make optimistic forecasts regarding the flagship cryptocurrency.
The biggest believer in Bitcoin's rally seems to be Ark Invest's Cathie Wood. In April 2024, she made a long-term forecast, saying that the value of BTC would reach $3.8 million within five years.
Billionaire and founder of Galaxy Digital Michael Novogratz believes that Bitcoin will end this year at $100,000. The mark of $91,539 by the end of the year was predicted by an expert under the nickname CryptoCon.
The author of the book âRich Dad Poor Dadâ Robert Kiyosaki is confident that Bitcoin will rise to $350,000 by the end of next summer.
Among the reasons for their optimistic forecasts for Bitcoin, experts cite the interest of institutional investors in spot BTC-ETFs and a sharp decline in the production of the leading asset. Thus, the CleanSpark miner mined only 417 coins in May; in April, its figure was at the level of 721 BTC. Marathon Digital mined 616 coins, up from 850 in April.
