- Gold Bullion International Co-founder, Dan Tapiero, predicts a bullish future for Bitcoin, expecting the cryptocurrency to break above the $65,000 level and potentially reach $90,000.
- Despite a recent 3.18% drop, Bitcoin’s value is expected to skyrocket following the halving event in April, which historically has always led to a significant price increase.
- “Rich Dad Poor Dad” author, Robert Kiyosaki, endorses Bitcoin as a protective measure against a potential crash of the U.S. dollar due to rumors of BRICS launching a gold-backed cryptocurrency.
Bitcoin’s future looks promising according to financial experts, with predictions of a significant price increase and endorsements from renowned investors like Robert Kiyosaki.
“Scary bullish for Bitcoin”
Dan Tapiero, co-founder of Gold Bullion International and 10T Holdings, recently shared a bullish Bitcoin price prediction on his official X platform account. He believes that Bitcoin’s current setup on the charts is “scary bullish” and expects the cryptocurrency to break above the $65,000 level, potentially reaching $90,000. Despite not being able to identify a specific catalyst for this predicted bull run, Tapiero asserts that the current sideways consolidation is nearly done and that markets always have some surprises in store for traders and investors.
Bitcoin’s recent performance and future outlook
Over the past 24 hours, Bitcoin’s value has decreased by 3.18%, followed by a growth of 1.29%. Currently priced at $61,950, the cryptocurrency has been striving to recover the $65,000 level it lost on May 6. Many expect Bitcoin to skyrocket later this year or in 2025 following the halving event in April, which reduced the block reward size to 3.125 BTC. Historically, Bitcoin has always seen a significant price increase after each of the three previous halvings. Another potential price catalyst is the continued mass purchase of Bitcoin by spot ETFs, which began their regular accumulation in January following approval for trading by the SEC.
Robert Kiyosaki gives major reason for buying Bitcoin
Robert Kiyosaki, author of the popular financial management book “Rich Dad Poor Dad,” is a well-known investor and entrepreneur who frequently endorses Bitcoin. He recently tweeted his expectation of a U.S. dollar crash due to continuous rumors about BRICS planning to launch its own gold-backed cryptocurrency. Kiyosaki believes that if this happens, billions of U.S. dollars will flow back into the U.S., causing the dollar to crash. To protect against this potential negative development, he recommends buying Bitcoin, gold, and silver.
Conclusion
With bullish predictions from financial experts and endorsements from renowned investors, Bitcoin’s future looks promising. Despite recent fluctuations, the cryptocurrency’s value is expected to increase significantly, potentially reaching new heights. As the world continues to navigate the digital currency landscape, Bitcoin remains a key player and a recommended investment for protection against potential financial downturns.
