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Robert Kiyosaki predicts Bitcoin price will reach IDR 5.6 billion in August 2024

Analysts at the well-known British bank, Standard Chartered, estimate that the price of Bitcoin (BTC) will reach around USD 150,000 if Donald Trump wins the 2024 United States (US) election.

“As we approach the US election, I predict (Bitcoin prices) USD 100 thousand will be reached and then USD 150 thousand by the end of the year if Trump wins,” said Standard Chartered's head of forex and digital asset research, Geoffrey Kendrick, quoted by Coindesk, Friday ( 7/6/2024).

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Kendrick sees BTC as on track to touch the USD 150,000 aspiration level as BTC exchange-traded funds (ETFs) continue to experience significant inflows.

“I'm sticking to my end-2024 estimates of USD 150K and USD 200K by the end of 2025 for BTC,” said Kendrick.

“Before that, if tomorrow's salary data is good, I estimate that a new record high will be reached at the weekend,” he explained.

As of Thursday, June 6, 2024, crypto traders at Polymarket determined there was a 56% chance that Trump would be re-elected as US President, compared to 36% for incumbent Joe Biden.

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Sentiment towards bitcoin and the broader crypto market has increased since May 2024 along with the approval of an Ethereum (ETH) ETF listing and support for the industry among US political parties.

The ETF surpassed net inflows of USD 15 billion on Tuesday for the first time since its launch in January 2024, boosting sentiment among Bitcoin traders.

Robert Kiyosaki predicts Bitcoin price will reach IDR 5.6 billion in August 2024

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