Bitcoin could well hit an all-time high level by 202. This cryptocurrency, an asset fell from $10,500 to $3900. Now, the price of Bitcoin has surged again and it just hit $11,000.
Its been a wild year for BTC (Bitcoin). Gold is hitting all-time high and with equity asset prices surging all-time too, the market is anticipating inflation and a weaker dollar.
Ironically, Just over 3 months ago, Robert Kiyosaki tweeted that USD is dying, bitcoin is the asset to invest on and people should buy it along with Gold.
WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS.
— therealkiyosaki (@theRealKiyosaki) April 7, 2020
At that time, Bitcoin was building back its reputation and strengthening to a price of 7,313.19 USD. This accounts for a whopping near to US$4k rise to this asset.
Brian Krogsgard, a crypto podcaster, and a trader believe bitcoin will challenge prior high amid 2021 regardless of how far the market could go.
Currently, Bitcoin is traded at 10,958.00 United States dollars at the time of writing this article.