$1M Bitcoin by 2035? Expert Predictions and Market Outlook
$1 Million Bitcoin by 2035: A Bold Prediction
Robert Kiyosaki, author of Rich Dad Poor Dad, recently predicted a $1 million Bitcoin (BTC) price by 2035, citing the US dollar's weakening value due to inflationary policies. This isn't an isolated prediction; several prominent figures share a similar outlook.
Kiyosaki, a known gold bug, views Bitcoin as a crucial hedge against inflation, alongside gold and silver. He anticipates gold reaching $30,000 per ounce and silver reaching $3,000 per ounce by 2035.
Expert Opinions Converge on a High Bitcoin Price
- Jack Dorsey (Twitter co-founder): Predicted $1 million BTC by 2030.
- Michaël van de Poppe (Trader and investor): Foresees $1 million BTC, but cautions this could be coupled with hyperinflation and economic collapse.
- Adam Back (Blockstream CEO): Suggests $1 million BTC is possible if the US government establishes a Bitcoin reserve.
- Eric Trump: Predicted $1 million BTC citing scarcity.
- Cathie Wood (Ark Invest CEO): Even more bullish, forecasting $1.5 million BTC by 2030.
These predictions highlight a growing belief among some analysts that Bitcoin's value will dramatically increase, largely driven by concerns about fiat currency devaluation and the potential for a global economic downturn.
Economic Concerns Fueling Bitcoin Predictions
Kiyosaki warns of escalating credit card debt, soaring US national debt, rising unemployment, and underperforming 401(k)s and pensions, raising concerns about a potential economic depression. This economic uncertainty fuels the argument for Bitcoin as a safe haven asset.
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