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Bitcoin Will Not Stop at $100,000, Trading Legend Peter Brandt Hints

When this conventional wisdom becomes “entrenched,” Brandt stated, “I do the opposite.” Therefore, the savvy commodities trader sort of hinted that he does not believe that digital gold Bitcoin will stop growing after it has reached the $100,000 price level. “Conventional wisdom is usually wrong,” Brandt added.

On Sunday, Bitcoin was pushed back down, losing the $95,500 zone and landing on $95,860. That decline was followed by a recovery of 3.2% as, today, BTC managed to return to $98,920. However, by now, the world’s leading cryptocurrency has lost 1.65% and is changing hands at $97,215.

Kiyosaki said that this prediction was made by artificial intelligence. It was likely either OpenAI’s popular chatbot ChatGPT or Elon Musk’s Grok integrated with the X platform, though Kiyosaki did not specify which AI he trusts and prefers to ask it about asset price predictions.

Last week, when Bitcoin hit an all-time high of $99,500, Kiyosaki tweeted that he expected it to reach $100,000 on the same day. While that did not happen, he continued tweeting about BTC, saying that he was following Michael Saylor’s “strategic Bitcoin plan” of purchasing BTC, albeit on a much smaller financial scale. However, in a recent tweet, Kiyosaki said that he would stop accumulating BTC as soon as it soars to $100,000.

Aside from that, the financial guru tweeted that he agrees with Saylor’s long-term outlook that, in 10 years, BTC is likely to cost $13 million per coin.

This article was originally published on U.Today


Source: Cryptocurrency - investing.com

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