As a seasoned analyst with over four decades of market experience under my belt, I find myself intrigued by the ongoing Bitcoin debate between Peter Brandt and Robert Kiyosaki. While Brandt, a legend in commodities trading, seems to suggest that Bitcoin could potentially soar beyond $100,000, Kiyosaki’s AI-predicted price of $500,000 in 2025 is certainly eye-catching.
Peter Brandt, a well-known commodities trader with decades of experience dating back to the 1970s, recently expressed his opinion through his verified account on the X social media platform (previously known as Twitter). He suggested that Bitcoin’s value is unlikely to surpass $100,000, a viewpoint he believes is widely held.
Fighting “conventional wisdom” and Bitcoin-will-stop-at-$100,000 take
He titled his tweet “Conventional wisdom,” explaining that this is a condition that many market participants firmly believe in, offering as an example an expectation that “Bitcoin will stop at $100,000.”
When a belief becomes deeply ingrained or traditional, as Brandt put it, “I go against it.” Thus, it seems that this experienced commodities trader subtly expressed his skepticism about Bitcoin’s growth stopping at the $100,000 price mark. Brandt further emphasized, “Conventional wisdom is often incorrect.
Conventional Wisdom
This is a condition in which there is a widely held belief by the market participants (example: Bitcoin will stop at $100,000).
When conventional wisdom really becomes entrenched, I do the opposite.
Conventional wisdom is usually wrong.— Peter Brandt (@PeterLBrandt) November 25, 2024
On Sunday, Bitcoin experienced a setback, falling out of the $95,500 area to land at $95,860. This drop was followed by a recovery of approximately 3.2%, allowing BTC to regain its position at $98,920 today. However, currently, the leading cryptocurrency has dipped by about 1.65% and is being traded at $97,215.
Bitcoin to hit $500,000 in 2025: Robert Kiyosaki
Today, renowned entrepreneur and financial guru Robert Kiyosaki (author of the widely-read financial literacy book “Rich Dad Poor Dad”) shared a prediction on Twitter: it’s possible that by 2025, the value of Bitcoin could surge as high as an astounding $500,000.
According to Kiyosaki, it’s plausible that an artificial intelligence system made this prediction. It could be ChatGPT from OpenAI or Grok integrated with the X platform, as suggested by him, although Kiyosaki did not explicitly state which AI he relies on for asset price predictions.
Question: What’s the projected price of Bitcoin in 2025 as per AI estimation?
— Robert Kiyosaki (@theRealKiyosaki) November 25, 2024
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.
Additionally, the renowned financial expert expressed his concurrence with Saylor’s long-term perspective, suggesting that in a decade, a single Bitcoin could be valued at approximately $13 million.
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2024-11-25 19:01