An American investor & financial analyst predicts that the value of Bitcoin will rise to more than $150,000 by now

An American investor & financial analyst predicts that the value of Bitcoin will rise to more than $150,000 by now

Tom Lee, an American investor & financial analyst, is expecting the Bitcoin price to rise significantly in the near future due to potential SEC filings for ETFs. The Fundstrat analyst's prediction comes as the top cryptocurrency has remained relatively unchanged in recent weeks.

As of March 2023, the S&P 500 & Bitcoin have been steadily increasing in value. Investors have remained confident in investing in the cryptocurrency market as demonstrated by large deposits into Bitcoin ETFs made by major financial companies.

Tom Lee, speaking to CNBC on August 16, 2023, predicted that if spot ETFs are approved & the Bitcoin Halving event occurs in the first half of 2024 as expected, the price of BTC could be above $150,000. If the ETF is not approved in the US however, the halving could still drive up its price but not beyond $100,000.

If the Spot Bitcoin ETF is approved, the demand for Bitcoin will be greater than its supply, which could cause its price to go higher than $150,000 or even $180,000.

Which is the best investment option right now according to Robert Kiyosaki: Gold, Silver or Bitcoin?

Robert Kiyosaki, co-author of the renowned "Rich Dad Poor Dad" book, is optimistic about investments in precious metals such as gold & silver, as well as in Bitcoin.

Silver, a valuable commodity used in industries, is becoming increasingly rare. Investing in silver can be a great long-term investment option for anyone.

The price of gold in the United States is currently $1195 per ounce, while silver is trading at $22.69 per ounce.

Rich Dad Poor Dad author Robert Kiyosaki has been advocating for gold, silver & Bitcoin investments throughout the year due to the weakening of the US economy. The increase in US debt will depreciate the value of the dollar over time, making gold, silver & Bitcoin increasingly attractive options.

Robert Kiyosaki predicted last month that Bitcoin would reach $120,000 soon. Analysts believe this could be achieved as early as 2024, since the Bitcoin blockchain is scheduled to undergo a halving in the middle of that year. This has caused optimism among analysts about the price of BTC increasing.

BlackRock CEO Larry Fink recently expressed his enthusiasm for Bitcoin after submitting an application for a Bitcoin ETF in June. Other top financial leaders have also shared their opinions on the digital currency.

Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, has expressed his preference for gold over bitcoin in regard to the ongoing controversy between the two.

Despite having a small amount of Bitcoin, Ray Dalio has doubts about its role as digital gold. Its high volatility causes concern that it may not be suitable as a store of value or currency. In comparison, gold's stability, historical reliability, scarcity & inherent value make it a better choice for preserving wealth over long periods of time.