The value of bitcoin could see a significant increase, driven by future U.S. borrowing plans and the increase in money in circulation since the pandemic, according to predictions made by several prominent figures.
Max Keiser, bitcoin maximalist and host of the Orange Pill podcast, maintains his prediction that bitcoin will reach $220,000. He referenced a tweet from @zerohedge about the U.S. plan to borrow an additional $1.5 trillion in the coming quarters. Keiser believes that this growing U.S. debt will trigger a sharp rise in the value of bitcoin. The increase in money in circulation since the start of the pandemic in 2020, including “survival checks” and over $6 trillion printed by the U.S. government, has significantly influenced the rise in bitcoin’s price.
Anthony Scaramucci, founder of SkyBridge Capital, is also bullish on bitcoin. He foresees a bull run that will push bitcoin to between $150,000 and $200,000 and possibly as high as $750,000 by the end of the decade.
Similarly, Robert Kiyosaki, author of “Rich Dad, Poor Dad,” predicts that bitcoin will hit $135,000 next and potentially “$500,000 by 2025. His prediction is based on the BRICS nations’ plans for a new gold-backed trading currency.
These bullish predictions reflect a growing belief among some investors that bitcoin and other cryptocurrencies can act as a hedge against inflation and currency devaluation amid expansionary monetary policies.
