4 billionaires investing in the crypto markets shared the price levels they expect for Bitcoin (BTC). Accordingly, wealthy investors have quite different price expectations. Let’s examine the BTC price predictions of billionaires together.
“Bitcoin will reach these levels by 2031”
Robert Breedlove, CEO and founder of Parallax Digital, shared the levels he expects to happen for Bitcoin by 2031. Accordingly, the billionaire investor predicts that by 2031, BTC could be worth millions of dollars. According to him, it is possible for BTC to reach a price tag of $12.5 million within nine years. Breedlove says that the collapse of the US dollar will be the key factor in the price boom of BTC.
The famous executive predicts that the purchasing power of the dollar will be much lower in the future than it is today. According to him, $12.5 million in 2031 will equal $1 million today. Therefore, it is extremely possible for the BTC price to rise to 12.5 million. However, BTC, which has a price of $ 12.5 million, will be the same as today’s BTC, which reached a price of $ 1 million. Despite this, the billionaire’s rise forecast is extremely large.
“I’m buying cryptocurrencies as the crash approaches”
Raoul Pal, macro guru and CEO of Real Vision, also announced his BTC price prediction. The billionaire expects economic data to collapse significantly over the next few months. Therefore, he invests heavily in cryptocurrencies like Bitcoin. However, the former Goldman Sachs executive expects crypto prices not to drop further. According to him, the economic crisis of risky assets such as stocks and cryptocurrencies greatly priced in.
“Regulations are an existential risk to the crypto market”
Dan Morehead, CEO of digital asset hedge fund Pantera Capital, talks about an “existential risk” facing the crypto industry. Morehead states that many of the risks that the crypto industry has faced since its inception have disappeared. But he stresses that regulatory risks remain. The billionaire specifically says this risk is regulatory uncertainty in the US. According to him, this uncertainty discourages innovation. It also sends ideas, entrepreneurs and startups abroad.
“These levels are now difficult for Bitcoin”
Canadian businessman Kevin O’Leary also talked about Bitcoin. O’Leary stated that BTC will struggle to reclaim the $22,000 level without regulatory clarity. According to him, no single asset class will be able to cope with the regulatory pressures of the SEC. Therefore, O’Leary states that BTC will never go above $22,000 again. cryptocoin.com As we reported, BTC over-peaked at $69,000 at the end of November. However, it subsequently dropped to $19,412, where it traded at the time of writing.
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