Bitcoin’s all-time peak was $99,645 and it fell just short of breaking the $100,000 barrier on November 22, 2020. BTC was a hot topic among traders as they watched it climb over the $100,000 milestone, but instead the cryptocurrency tumbled. The cryptocurrency is hovering at the $95,500 mark in the charts, and Tuesday’s reactions are mixed.
You may also like: Shiba Inu: How Many SHIB Tokens You Need To Make $1 Million?
Some investors think that Bitcoin could reach $100,000 by 2024. Others believe that there is about to be a major crash. This development is indicative of the entire market, as the trading represents two sides to the same coin. Robert Kiyosaki, financial analyst and author of the best-selling book ‘Rich Dad Poor Dad’ has warned that BTC will come crashing down to $60,000.
You may also like: Ripple (XRP) & Dogecoin (DOGE) Price Prediction For Mid-December 2024
Bitcoin Will Crash to $60,000: ‘Don’t Panic But Buy the Dips on BTC’ He Urged Investors
Kiyosaki showcased Bitcoin’s historical bull runs where it stalled in price before heading south in the charts. He predicted that BTC’s price would rebound and reach the $100k milestone after its fall. He urged the 2.6 million people who follow him on X, to hold onto BTC for the longer term and buy dips. The reward will be plentiful as Bitcoin is geared up for four years of historic milestones under Trump’s presidency.
You may also like: Top 3 Cryptocurrencies That Could Rally Over 100% In December
“Bitcoin to crash. Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens I will not sell. BTC will be having a sale. I will buy more. I predict Bitcoin will settle around $250 in 2025. At this stage of the BTC process price is not as important as how many BTC you acquire. I want more BTC,” He wrote.
You may also like: Shiba Inu: You Could Have Made $103 Million With Just $1000
Analysts predict that Bitcoin will reach $250,000 by 2025, bringing massive gains to investors. That’s approximately another 160% rise from its current price of $95,500. BTC and other cryptocurrency are also available. read here to know how high Ripple’s XRP is predicted to surge during the same timeframe.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
