Kiyosaki Eyes $120K Bitcoin Amid ETF Launches; Halving Fuels Bullish Forecasts
February 4, 2024Robert Kiyosaki maintains Bitcoin holdings for protection against financial institutions and predicts a rise to $120,000 within the year and potentially $500,000 by 2025.
The prediction by Samson Mow and Michael van de Poppe sees Bitcoin reaching $1 million, driven partly by the impact of newly approved Bitcoin ETFs.
Recent Bitcoin price dips are viewed as strategic buying opportunities by institutions, with the launch of spot Bitcoin ETFs in the US sparking a surge in institutional interest.
Analyst Ali Martinez identifies the current market conditions as a 'buy-the-dip' moment based on Bitcoin's MVRV ratio analysis.
The anticipated Bitcoin halving event in April 2024 is expected to reduce supply and possibly lead to a significant price increase, with the market currently consolidating above the $42,000 support zone.
Bullish market sentiments are also fueled by the potential introduction of a spot Ethereum ETF and historical data suggesting possible market fluctuations post-halving.
Summary based on 32 sources