Bitcoin Price Prediction: Dips, CBDC Threats, $1.5B Investment & Kiyosaki’s Advice
The Bitcoin price is highly unpredictable, and it is impossible to make accurate predictions of its future. In the short term, the Bitcoin price is likely to remain volatile as different forces impact the market. In the long term, Bitcoin could benefit from potential integrating of CBDCs, large investments, and financial advice, potentially leading to a surge in price.
In the short-term, there is a potential for the Bitcoin price to dip due to rising inflation, central bank decisions to reduce stimulus, and fears of a Coronavirus second wave. On the other hand, large investments such as MicroStrategy’s $1.5 billion purchase of Bitcoin could help the Bitcoin price remain stable and even increase in the near term.
In the long-term, the introduction of Central Bank Digital Currencies (CBDCs) could threaten Bitcoin’s dominance in the digital asset market. However, the potential of CBDCs could also lead to an increase in Bitcoin adoption, which could lead to a surge in the Bitcoin price. Additionally, large investments such as the purchase by MicroStrategy could also have a positive impact on the Bitcoin price in the long-term. Finally, Bitcoin investor and entrepreneur Robert Kiyosaki recently shared advice to “take some profits off the table” and “go into cash.” This could lead to at least some traders selling off their Bitcoin and taking a break, leading to a subdued Bitcoin price in the future.