Dan Tapiero, cofounder of 10T Holdings and Gold Bullion International, shared an optimistic price prediction for Bitcoin on his official X platform account.
He said in a tweet that the chart arrangement is starting to appear “scary bullish for Bitcoin.”
“Scary bullish for Bitcoin”
In his tweet, Tapiero shared two Bitcoin charts and said that they are “starting to look scary bullish for Bitcoin.” The world’s leading cryptocurrency is predicted by the investor to surpass $65,000 in the near future and rise to $90,000 and beyond.
In a tweet, Tapiero stated that the present sideways consolidation is almost over and that traders and investors should always expect some shocks in the markets. Although he has not been able to identify a particular catalyst that will start the Bitcoin bull run, he does not believe that this is significant in this particular instance.
https://x.com/DTAPCAP/status/1790247464110293170
The world’s most popular cryptocurrency has decreased by 3.18% in the last day. A 1.29% increase was observed after this decline. At $61,950, one bitcoin is now being traded. In general, Bitcoin has been working to regain the $65,000 mark since it was lost on May 6. It has already made two unsuccessful attempts to breach the $63,300 zone.
Following the significant event for BTC that occurred in April—the halving—many people anticipate that the price of bitcoin will soar later this year or in 2025. The block reward amount was lowered to 3.125 BTC, and historically, following each of the previous three halvings, the price of Bitcoin has always surged.
The fact that spot ETFs are still buying large amounts of Bitcoin after the SEC allowed their trading in January presents another possible price driver.
Robert Kiyosaki gives major reason for buying Bitcoin
Renowned investor and entrepreneur Robert Kiyosaki, the author of the well-known financial management book “Rich Dad Poor Dad,” frequently supports Bitcoin in his tweets. He tweeted earlier this week that he believes the US dollar will collapse due to persistent rumours that the BRICS countries are going to introduce their own cryptocurrency backed by gold.
In the event that this occurs, the dollar will plummet as billions of dollars come back into the country. Purchasing Bitcoin, gold, and silver is what he advises doing to guard against this potentially bad scenario.
