- Bitcoin is trading at $108,019, just 2.8% below its all-time high of $108,135.
- Robert Kiyosaki predicts Bitcoin could reach $250,000 by the end of the year.
- BTC’s price has surged 16% in the past week, showing strong market momentum.
Bitcoin (BTC) is approaching an all-time high as investor enthusiasm grows, spurred by high-profile endorsements and institutional interest. The cryptocurrency trades at $108,019, just 2.8% below its record high of $108,135, which was achieved a month ago. Financial author Robert Kiyosaki has urged investors to act swiftly, predicting Bitcoin could reach $250,000 by the end of the year.
BTC Nears Record High Amid Renewed Optimism
Bitcoin’s price has surged over 16% in the past week, indicating strong market momentum. The rally comes after weeks of stagnant performance, influenced by Federal Reserve policies damping market sentiment. However, recent speculation about a potential U.S. government Bitcoin reserve has reignited bullish enthusiasm, driving the price above $100,000.
Institutional investors have played a significant role in this rebound. BTC exchange-traded products recorded $1.8 billion in inflows this week, signaling sustained demand from large-scale investors. Despite this, BTC is underperforming against altcoins like Solana and XRP, which saw dramatic weekly gains of 24% and 44%, respectively.
Robert Kiyosaki, author of Rich Dad Poor Dad, has advised investors to increase their BTC holdings in anticipation of further gains. He expressed confidence in BTC’s potential to reach $250,000 this year, emphasizing its resilience and appeal as a hedge against economic instability. His bullish stance aligns with the growing perception of Bitcoin as a reliable long-term asset.
Kiyosaki has also highlighted the simplicity of accumulating wealth through BTC, advocating for a cryptocurrency-holding strategy. This perspective has resonated with seasoned and new investors amid increasing institutional adoption. The current price trajectory suggests that Bitcoin remains a viable option for those seeking to diversify their portfolios.
Speculation Grows Over US BTC Reserve Plan
Bitcoin’s price surge has coincided with heightened speculation about government policy shifts and growing institutional involvement. Polymarket bettors estimate a 61% chance of the U.S. government creating a strategic BTC reserve by 2025. This possibility has fueled optimism, further supported by significant inflows into Bitcoin-related investment products.
Despite these developments, BTC’s performance still lags behind that of some altcoins, highlighting its mixed market dynamics. Solana and XRP’s sharp price increases reflect the growing interest in alternative blockchain ecosystems. However, BTC’s status as the leading cryptocurrency by market capitalization continues to anchor its prominence in the sector.