Based

2024

bullish

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Economist and analyst Henrik Zeberg is <a href="https://u.today/michael-saylor-issues-surprising-bitcoin-message-as-btc-surpasses-61000" rel="noopener noreferrer nofollow">bullish on Bitcoin</a> and expects it to rise to $115,000. He has increased his bet after adjusting the forecast made in 2022.
Meanwhile, the world’s largest cryptocurrency continues to trade in a range between $60,000 and $61,000.
<h2 id="bitcoin-to-surge-to-115k-120k-zeberg">"Bitcoin to surge to $115k-$120K": Zeberg</h2>
The economist referred to his tweet of Dec. 29, 2022, where he named his “targets for blow-off top.” Those assets included S&amp;P 500, Nasdaq, Dow Jones indexes and Bitcoin. Back then, Zeberg predicted that the leading cryptocurrency would surge to the $95,000-$100,000 levels.
Today, he pointed out that while everyone was bearish then and remains bearish now, he continues to have a bullish forecast. He said that many in late 2022 claimed that an “imminent crash” was approaching while, he pointed out, the market reached the bottom in October that year.
<blockquote>
 REMEMBER!?In December 2022, everybody was BEARISH!I was BULLISH!We were told that "Imminent Crash" was ahead of us - despite the fact, that market bottomed in October 2022.Based on my Business Cycle Model, I dismissed the call of <a href="https://twitter.com/hashtag/Recession?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Recession</a> and I set my targets back then… <a href="https://t.co/1rw4DVLtKA" rel="noopener noreferrer nofollow">https://t.co/1rw4DVLtKA</a>— Henrik Zeberg (@HenrikZeberg) <a href="https://twitter.com/HenrikZeberg/status/1826899423961419946?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 23, 2024</a>
</blockquote>
Based on his Business Cycle Model, Zeberg adjusted his forecasts, and now he believes Bitcoin will be able to surge to $115,000 or even go higher and hit $120,000. “Euphoria will develop in US markets,” he tweeted. He did not specify any time frame for BTC to reach that high, though.
Still, while remaining bullish, the economist agrees that a recession is coming, and it will be worse than it was in 1929.
<h2 id="kiyosaki-predicts-world-s-biggest-crash-and-bitcoin-at-350-000">Kiyosaki predicts "world's biggest crash" and Bitcoin at $350,000</h2>
Financial expert and author of the book “Rich Dad Poor Dad” Robert Kiyosaki frequently publishes tweets, predicting an upcoming “<a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-predicts-worlds-worst-market-crash" rel="noopener noreferrer nofollow">biggest crash</a>” of all financial markets in the U.S. He expects the largest crash in the world’s history to occur soon and says it will be followed by a massive economic depression.
However, he looks at this as an opportunity to buy more gold, silver and Bitcoin. Earlier this year, Kiyosaki made a stunning prediction, saying that he expects BTC to reach a whopping $350,000 by the middle of August – the period of time that has already passed. Still, he made a disclaimer that this was not a prediction but rather his wish. However, in a tweet published this week, he suggested that investors should buy more Bitcoin, silver and gold since the U.S. national debt keeps adding another trillion dollars approximately “every 100 days.”
Kiyosaki views Bitcoin as a safe haven asset and has been tweeting about it since 2020 actively.

Bitcoin (BTC) to Hit $115-$120K: Economist Henrik Zeberg

Table of Contents

U_Today

Other articles published on Aug 23, 2024

The Latest Pi Network Updates

Crypto Prices Recover on Big Political Developments in the US: This Week’s Recap

Is Worldcoin (WLD) About to Break Out or Continue Downward? Technical Chart Analysis Reveals All!

Tron (TRX) and Rollblock (RBLK) Rally as Whales Accumulate; Solana (SOL) Continues Struggles

Capitalize on Market Volatility: 5 Bullish Cryptocurrencies to Consider

Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

Join our free newsletter for daily crypto updates!