Legendary commodities trader Peter Brandt, with over four decades of experience, recently challenged the prevailing belief that Bitcoin will cap at $100,000. In a thought-provoking tweet, Brandt dismissed this “conventional wisdom” as often being incorrect and hinted at his contrarian approach to such notions.
Fighting “Conventional Wisdom” on Bitcoin’s Price
Brandt highlighted the common expectation that Bitcoin will plateau at $100,000, emphasizing his tendency to go against entrenched beliefs. He suggested that Bitcoin’s growth trajectory might not halt at this milestone, stating, “Conventional wisdom is usually wrong.”
Despite a recent dip to $95,860, Bitcoin quickly rebounded by 3.2% to reach $98,920. However, it has since retraced slightly, currently trading at $97,215.
Predictions for Bitcoin’s Future: Robert Kiyosaki’s Forecast
Renowned entrepreneur Robert Kiyosaki, author of the bestseller “Rich Dad Poor Dad,” anticipates Bitcoin reaching a staggering $500,000 by 2025. This bold projection, attributed to artificial intelligence analysis, suggests a significant upward trajectory for the cryptocurrency.
While Kiyosaki lauds Michael Saylor’s strategic Bitcoin acquisition approach, he plans to cease accumulating Bitcoin once it hits $100,000. Moreover, he echoes Saylor’s long-term vision, envisioning Bitcoin priced at $13 million per coin in a decade.
For more insights on Brandt and Kiyosaki’s views on Bitcoin’s future, visit the original article on U.Today.