Bitcoin is currently looking to climb above the $70,000 mark again on Wednesday and breach its all-time high of $73,737. The upcoming Bitcoin halving event is making BTC rally and leading altcoins are moving in tandem with its price rise. For the uninitiated, the halving event is scheduled to take place on April 20, 2024. The BTC supply will be cut in half making the cryptocurrency remain scarcely available in the market.
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Since BTC has a lot of demand, the scarcity will make its price head north as the supply is now limited. The development makes BTC among the most sought-after assets in the markets as it can deliver a huge upward swing.
Bitcoin: BTC Could Reach $100,000 By September 2024, Says Analyst
Robert Kiyosaki, the Author of the best-selling financial help book ‘Rich Dad Poor Dad’ predicts that BTC could reach $100,000 by September 2024. He cited that the halving event will make BTC rally further and reach another new all-time high. Kiyosaki also urged his followers to consider buying 1/10 of BTC if they cannot afford accumulating at current prices.
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He explained that he is buying 10 more Bitcoins and the halving event will make it climb above $100,000 next. “I am buying 10 more Bitcoin before April. Why? The ‘Halving.’ If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s. I expect Bitcoin to be $100K by September 2024,” he predicted.
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Kiyosaki has been a vocal proponent of the cryptocurrency market and is especially bullish on BTC and gold. He believes that the future belongs to the digital assets industry and that the US dollar could decline in the long run. Read here to know his explanation of why Bitcoin is a far more superior investment than the US dollar.