Bitcoin (BTC) Price Prediction According to Famous Investors, Rising After The Fed's Move?
2024-09-16Bittime - The price of Bitcoin (BTC) is predicted to rise by a large investor, Robert Kiyosaki. This has to do with movement The Central Bank of the United States (The Federal Reserve - The Fed) and lowered US interest rates.
Robert Kiyosaki makes a surprising prediction about the future of Bitcoin and other “real” assets. According to Kiyosaki, a cut in interest rates by the Fed could be the catalyst that drives a big spike in Bitcoin's value.
Policy Changes The Fed Make Bitcoin (BTC) Price Go Up?
This week, global financial markets are preparing for significant turmoil. This is related to the Federal Reserve's plans to make long-awaited policy changes.
Market analysts are increasingly optimistic following the Federal Open Market Committee's (FOMC) plan to start the first interest rate cut cycle in four years on September 18. This step is predicted to have a major impact on financial markets, in particular having the potential to increase the price of risky assets such as Bitcoin.
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Robert Kiyosaki views this change in Fed policy as a big opportunity for Bitcoin and gold. He projects that the prices of “real assets” such as Bitcoin, gold and silver will shoot up when the Fed starts lowering interest rates.
"Bitcoin, gold and silver will explode... When the Fed changes course, fake assets such as US bonds will fall, and real assets such as property, gold, silver and Bitcoin will rise," Kiyosaki said.
Robert Kiyosaki Suggests Buying Bitcoin for Investors
Furthermore, Kiyosaki advised his followers to accumulate Bitcoin before the Fed starts cutting interest rates. He believes that assets such as Bitcoin, which are considered a hedge against inflation, will experience significant increases in value.
"Buy gold, silver or Bitcoin before the Fed changes course," he added, stressing that this period offers great opportunities for investors.
Kiyosaki also expressed concern about unsustainable US debt levels. He previously stated that Bitcoin and other “real assets” would benefit greatly from the debt crisis.
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On September 13, he warned that US debt would remain out of control regardless of who was president, and claimed that the US dollar had become "trash". "Dollars are trash. Stop saving fake money and start accumulating gold, silver and Bitcoin... real money," he stressed.
A similar view was also expressed by Mike Novogratz, CEO of Galaxy Digital. Last March, he noted that US debt was increasing by $1 trillion (Rp. 15,300 trillion) every 100 days, a situation he said would push Bitcoin to new highs.
According to Novogratz, the country's massive debt burden will weaken the dollar and push investors towards alternative assets such as gold, Bitcoin and silver. Even last July, Kiyosaki predicted that uncontrolled inflation could push the price of Bitcoin to $10 million (Rp. 153 billion) per coin.
Bitcoin (BTC) Price Prediction
Meanwhile, Bitcoin recently managed to reclaim the psychologically important level of $60,000 (Rp. 918 million) after two weeks below it. With the latest US economic data, the market is starting to price in the possibility of the Fed cutting interest rates by 25 to 50 basis points.
However, the short-term market reaction to the Fed's policy changes remains uncertain. Experts suggest that the start of the Fed's rate cut cycle could trigger a new rally for risk assets.
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