On Wednesday, I found myself navigating through a dip in Bitcoin‘s value, which dropped below my initial investment at around $95,000. This decline represents a significant 8% drop over the past day. As market volatility escalates, it seems that fellow investors are adopting a more cautious approach to their investments.
However, influential businessman and financier Robert Kiyosaki considers the recent market downturn as an excellent opportunity. Here’s his reasoning behind it:
Opportunity in Crisis
Robert Kiyosaki, famously known for his best-selling personal finance book “Rich Dad Poor Dad”, enthusiastically voiced his optimism towards Bitcoin even after its recent price drop. He likened the situation to finding the cryptocurrency on sale, emphasizing that this decline represents a chance to acquire it at a lower cost and reiterating that it’s a good opportunity not to be missed.
He emphasized again his conviction about the investment approach called “buying low and keeping for a long period.” Emphasizing its scarcity, Kiyosaki pointed out that less than two million units of Bitcoin are left to be generated.
Robert Kiyosaki, well-known for his financial advice, often encourages investors to view Bitcoin as a potentially strong protection against inflation. In his latest prediction for the coming year, he foresees Bitcoin’s value reaching between $175,000 and $350,000 by 2025. This optimistic forecast aligns well with the range predicted by numerous other financial experts.
Analysts from Bernstein have revised their prediction for Bitcoin’s price, now estimating it to reach $200,000 by the end of 2025. This forecast is part of a broader view they hold on the crypto industry, which they describe as moving towards a “period of infinity,” or an era characterized by widespread adoption and seamless integration into the global financial system.
“Temporary Pause”
As an analyst, I’ve been closely monitoring the Bitcoin market, and here’s my take: After the surprising release of robust US labor market data, showing a record 8.1 million job openings in the JOLTS report (beating the predicted 7.74 million), Bitcoin has seen a retreat, finding support at around $95,000.
In response to the robustness of the job market, investors became more cautious, leading to a drop in risky investments because long-term interest rates climbed significantly. A sudden fall in Bitcoin’s value resulted in liquidations worth approximately $206 million within an hour.
The impact of the stock sell-off was felt across various markets, with both the Nasdaq and S&P 500 showing signs of broader market instability, hovering around 21,200 and 5,900 respectively. On the other hand, investments in Bitcoin ETFs have significantly decreased by approximately 94%, dropping from $987 million to just $52.9 million.
In the coming days, as we look forward to the Federal Open Market Committee (FOMC) and Non-Farm Payroll (NFP) reports, these updates are likely to influence Bitcoin’s future actions. Although there has been a recent drop, QCP Capital predicts that this decline will only serve as a brief pause. In fact, they express growing optimism for an upcoming bullish surge in the market.
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2025-01-08 16:20