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Sujit Kumar
Dec 2, 2024
by Sujit Kumar

Analysts and Experts Predict Bitcoin’s $250K Highs and $60K Correction

Bitcoin’s $250K Highs

Table of contents

  1. Current Market Overview
    1. Ultra-Bullish Long-Term Outlook
Bitcoin's ongoing price surge has analysts predicting ambitious highs, with some targeting $250,000 in 2024 and even $13 million long-term. Market factors such as institutional adoption, liquidity expansion, and macroeconomic influences like potential U.S. Bitcoin reserves under a new administration are driving this optimism. Additionally, Solv Protocol's efforts to transform Bitcoin into an active DeFi asset further highlight its evolving role in the financial ecosystem.

Kiyosaki Sees Opportunity in Bitcoin Correction

Renowned author Robert Kiyosaki, best known for Rich Dad Poor Dad, shared a contrasting take. He predicts Bitcoin could "crash" to $60,000 but sees this as a prime buying opportunity. Kiyosaki emphasized his focus on accumulating Bitcoin during dips rather than worrying about short-term price fluctuations. “At this stage, the number of Bitcoin held matters more than its immediate price,” he stated.

Current Market Overview

Bitcoin recently hit an all-time high of $97,561 before retreating to $90,742. While volatility remains a hallmark of the crypto market, bullish voices like Galaxy Digital CEO Mike Novogratz believe BTC is unlikely to dip below $80,000.

Ultra-Bullish Long-Term Outlook

Kiyosaki aligns with bold predictions, such as MicroStrategy’s Michael Saylor projecting Bitcoin at $13 million and AI models forecasting $500,000 by 2025. Experts like The Bitcoin Therapist echo these sentiments, highlighting Bitcoin’s potential as both an asset and a transformative force in corporate finance.

As Bitcoin's parabolic phase unfolds, debates around its price trajectory underline its evolving role in the global economy.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Robert Kiyosaki Bitcoin’s $250K Highs
Analysts and Experts Predict Bitcoin’s $250K Highs and $60K Correction
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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