During the recent weekend, Bitcoin (BTC), the world’s largest cryptocurrency, observed a 5% surge, reaching $67,500, as investors anticipated the upcoming halving event in three weeks. Renowned investor and author Robert Kiyosaki announced plans to acquire an additional 10 Bitcoin before April, citing the halving event as a key factor influencing his decision. Kiyosaki encouraged individuals to consider purchasing fractional amounts of Bitcoin through newly available Exchange-Traded Funds (ETFs) or Satoshi’s, underscoring the potential for significant returns over time.
Kiyosaki expressed optimism about Bitcoin’s design and its potential to enable investors to accumulate whole coins by the year’s end. Additionally, he shared his long-term price prediction of $100,000 for Bitcoin by September 2024, advising followers to diversify their portfolios with gold and silver alongside Bitcoin. Bitcoin’s recent surge past its all-time high (ATH) has led analysts to anticipate a period of consolidation near the ATH before potentially entering a super cycle.
Experts suggest that Bitcoin may linger around the ATH for several weeks, signaling sustained growth potential and a potential super cycle initiation. Despite this, caution is advised, as institutional selling pressure from entities like Grayscale has been observed amidst ongoing bullish sentiment and growing institutional interest.