It’s been just revealed that the most important digital asset out there will continue its surge following a massive price rise in 2023. Check out the latest price prediciotns about Bitcoin.
Bitcoin to continue to surge
According to the Rich Dad Poor Dad author, Bitcoin will hit $500,000 by 2025, largely driven by the Federal Reserve loosening monetary policy and embarking on a money-printing spree.
“Giant crash coming. Depression possible. Fed forced to print billions in fake money.”
He continued and stated the following:
“By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin [is the] people’s money. Take care.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $28,918.
Institutions pay huge attention to BTC
Digital assets manager CoinShares has recently said that institutional crypto investment products enjoyed their fourth consecutive week of inflows last week.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares said that institutional crypto investment products saw inflows of nearly $114 million last week. This is a continued sign of bullishness from institutional investors.
“Digital asset investment products saw inflows totaling $114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total $345m, almost fully correcting the prior 6-week run of outflows that totaled $408m.”
Bitcoin has been almost the entire focus of the investors, according to Coinshares.
“Bitcoin has again been almost the sole focus for investors, with inflows of $104m last week, bringing its total 4-week run to $310m. We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges. Opinion remains divided though, with short bitcoin seeing inflows totaling $14.6m last week.”
Stay tuned for more relevant news from the crypto space.