Bitcoin's value could see a significant surge, driven by the U.S.'s future borrowing plans and the increase in circulating money 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 of Bitcoin hitting $220,000. He referenced a tweet by @zerohedge about the U.S.'s plan to borrow an additional $1.5 trillion in future quarters. Keiser believes this growing U.S. debt will trigger a sharp rise in Bitcoin's value. The increase in circulating money since the pandemic began in 2020, including "survival checks" and over $6 trillion printed by the U.S government, has significantly influenced Bitcoin's price surge.
Anthony Scaramucci, founder of SkyBridge Capital, also holds a bullish outlook on Bitcoin. He anticipates a bull run pushing Bitcoin to between $150,000-$200,000 and potentially reaching as high as $750,000 by decade's end.
Similarly, Robert Kiyosaki, author of "Rich Dad, Poor Dad," predicts Bitcoin reaching $135,000 next and potentially hitting "$500,000 by 2025." His forecast is based on BRICS nations' plans for a new gold-backed trade currency.
These optimistic forecasts reflect a growing belief among some investors that Bitcoin and other cryptocurrencies can act as a hedge against inflation and currency devaluation amid expansive monetary policies.
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