Robert Kiyosaki expects Bitcoin to rise to USD $350,000 before the US elections – DiarioBitcoin
By Hannah Perez
According to the Standard Chartered bank, Bitcoin is heading towards USD $100,000 before the US elections, but Kiyosaki has made an even higher bet for this year – and set a date.
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- Robert Kiyosaki once again expressed himself in favor of Bitcoin and believes that it will rise in price before November
- Standard Chartered also sees Bitcoin rising ahead of the US election.
- The bank aims for USD $100,000 while Kiyosaki was even higher for August
- In the immediate term, Standard analysts expect Bitcoin to regain its ATH this week
With Bitcoin (BTC) again pointing towards its all-time highs from March and amid what seems to be a feeling of widespread optimism among cryptocurrency market participants, various observers are rushing to share their price projections for the main cryptocurrency this 2024.
The analysts of Standard Charteredwho have already expressed their bullish vision for Bitcointhey once again reiterated their conviction of an eventual and not very distant price increase for the largest cryptocurrency by market capitalization.
Standard Chartered aims for USD $100,000
The bank team said that Bitcoin could rise to $100,000 before the US presidential election in November, reported CoinDesk and The Block.
“As we get closer to the US elections, I expect it to reach $100,000 and then $150,000 by the end of the year in the event of a Trump victory“Geoffrey Kendrick, head of digital assets and forex research at Standard Charteredin a note this Thursday cited by the media.
The bank’s specialists have already shared this prediction in the past, and have been reiterating their bullish approach so far this year, citing the exchange-traded funds (ETFs) of Bitcoin cash in the US, the fourth halving of Bitcoin and most recently, the US elections.
In a report a few weeks ago, the bank’s analysts noted that a possible re-election of Donald Trump could potentially be positive for the digital currency industry in terms of regulation, as well as for market price developments.
“I stand by my forecasts of USD $150 thousand for BTC by the end of 2024 and USD $200 thousand by the end of 2025“Kendrick said this Thursday confirming his previous projection.
Robert Kiyosaki raises the bet to USD $350,000
Meanwhile, other observers have been bold in making even higher price predictions.
Robert Kiyosaki, the author of the best-selling “Rich father poor father“He speculated that Bitcoin could exceed a price of USD $300,000 before the presidential elections. In a publication in xexpressed to followers his lack of faith in US leadership, anticipating that the political scenario could drive Bitcoin towards new price heights.
The financial coaching writer even marked a date for the unprecedented price, and said that while it was a “opinion” and one “speculation“, trust in “the incompetence of our leaders.” In this sense, he described President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell as “the real-life three stooges.”
BITCOIN will cost USD $350,000 by August 25, 2024, it’s not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie..
He added that he expects the main cryptocurrency to reach this price target at some point this year, and assured that he has been buying more Bitcoin, Ethereum and Solarium.
Kiyosaki, who has long been a bull on Bitcoinpromoting it as an alternative to fiat money, had earlier agreed with a prediction of Standard Chartered for Bitcoin over USD $100,000 this year. He has also made bolder forecasts in the past, pointing to a price of $500,000 per BTC by 2025.
Bitcoin could resume its ATH this week
The latest bullish predictions for Bitcoin come at a time when inflows to ETFs Bitcoin spot prices in the US are accelerating again, resuming a positive streak like that seen in its first weeks.
The ETFs of Bitcoin Americans closed Wednesday with a combined net inflow of USD $488 million, marking their 17th consecutive session of positive capital flow. On Tuesday, the group posted its second-highest daily revenue of nearly $900 million, and in total they have racked up more than $15 billion in revenue since January.
Bitcoin recaptured the $71,000 mark in the middle of this week amid a streak of ETF inflows and as the market awaits the launch of ETFs. Ethereum cash.
In the short term, analysts Standard Chartered They have also been optimistic, anticipating that Bitcoin It could return to its all-time high above USD $73,000, seen in March, before the close of this week.
“Before that, if tomorrow’s payroll data is favorable, I would expect a new all-time high to be reached over the weekend“Kendrick noted in the cited report.
Article by Hannah Estefanía Pérez / DailyBitcoin
Image created with an AI tool, under a free use license
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