Bitcoin has remained above the $100,000 level for the past ten days, reinforcing bullish sentiment in the market. This sustained momentum has led to renewed discussions around its long-term value and sparked bold predictions about where the price could head next.
With a market capitalization of $2.03 trillion, Bitcoin remains the leading cryptocurrency. It recently climbed to $107,068.72, nearing its all-time high of $109,114.88 set on January 9, 2024. While, it has afterwards fallen and is now trading at $102,408.27, with a 24-hour trading volume of $62.87 billion, indicating continued market volatility. In consideration of the recent price increase, author and financial educator Robert Kiyosaki offered his thoughts on why gold, silver, and Bitcoin might all continue to appreciate in value. He also made a daring forecast regarding the price of Bitcoin in the future.
Advertisement
Robert Kiyosaki recently tweeted that gold, silver, and Bitcoin will keep rising in value, as he mentioned that the “Marxist Central Bank system is crashing” and many institutions are going bankrupt. He urged everyone to keep HODLing (holding) and said he’s buying more Bitcoin himself. He also predicted that Bitcoin could climb to $250,000 this year, encouraging people to buy more and not sell.
In response to Robert Kiyosaki’s prediction of Bitcoin reaching $250,000, Alankar Saxena, CTO and co-founder of Mudrex, shared his perspective.
He says: “While a $250,000 Bitcoin price target may seem ambitious, it is not entirely unrealistic given growing institutional adoption and clearer regulatory frameworks. However, the idea that Bitcoin’s rise hinges on a central banking collapse is speculative and should be approached cautiously. Investors should critically assess such narratives and focus on underlying market fundamentals rather than solely on predictions.”
Advertisement
Bitcoin’s ability to break and sustain above its all-time high will be an important milestone to watch before any further significant price moves, including reaching higher targets, can be considered.
He also tweeted recently that past bailouts only made crises worse because the underlying problem that began in 1971 remains unresolved. Pointing to the $1.6 trillion student loan debt as the next potential trigger, he urged people to “bail yourself out” by saving real gold, silver, and Bitcoin instead of relying on fiat money.
