Based on his projections, he predicts that the price of Bitcoin could reach $500,000 by 2025, driven in part by the advancement of artificial intelligence. He also predicts that by 2030 the cryptocurrency could be worth $1 million.
For his part, James Rickards, a former advisor to the US Department of Defense and close to Kiyosaki, also believes that the future will bring great financial uncertainty, which will benefit the price of Bitcoin. Kiyosaki supports this position by stating that what he calls the the biggest drop in stock market historyIn his view, the financial crisis began in 2008 with the explosion of subprime mortgages and continues to persist, affecting growth in the United States and around the world.
Kiyosaki emphasizes that assets like Bitcoin, gold, and silver are on track to experience a strong rise. In a recent post, he criticized those who debate which is better between gold and Bitcoin, suggesting that these real assets will benefit greatly when the Federal Reserve pivots to looser monetary policywhich he believes will lead to an increase in the value of these assets as capital abandons less secure investments.
All set for a new Bitcoin all-time high
Markus Thielenhead of research at 10x Research, expressed an optimistic outlook for the price of Bitcoin, predicting that the cryptocurrency is “set to hit new all-time highs in Q4 2024”.
In a 10x Research report on Sept. 22, Thielen noted an exciting phase for the cryptocurrency market between October and March, viewing it as a potential turning point for both Bitcoin and other cryptocurrencies. He highlighted improvements in market structure, which could set a solid foundation for a bullish trajectory.
Increased stablecoin supply indicates increased liquidity, which can intensify trading activity, often a precursor to significant price rallies.
On the other hand, elevated levels of leverage in futures trading reflect a more speculative environment among traders, which could push prices higher. According to data from Coinglass, open interest has risen to levels not seen since early August, exceeding $17.6 billion.
Additionally, the release of $16 billion from FTX creditors between December 2024 and March 2025 is expected to bring more capital into the market. Thielen estimates that between $5 billion and $8 billion could re-enter the crypto space, further boosting Bitcoin’s rise.
Previous Bitcoin price hurdles become catalysts
Entering the fourth quarter, factors that previously suppressed the price of Bitcoin are being removed, contributing to a more favorable environment for potential growth. One of the main catalysts for Bitcoin’s recent rally is the Federal Reserve’s decision to cut interest rates by 50 basis points. This move favors “risk” assets as investors look for opportunities amid a weakening US dollar, rising inflation, and fiscal uncertainty.
The stability of BTC miners after the halving has also contributed to the positive sentiment. Bitcoin halving events, which reduce the block reward for miners, often lead to a period of instability in the mining sector.
According to data from Blockchain.com, following the April 2024 halving, the network hash rate has returned to pre-halving levels, indicating that the market has absorbed the shock.
Furthermore, it appears that the large Bitcoin sell-offs have now ended, providing a clear path for further price appreciation. The German government and the trustees of Mt. Gox have completed their sales, with $11 billion worth of Bitcoin already discounted without causing significant price disruption.
Source: Ambito
