What are the recent views on Bitcoin ( BTC ) price from KOLs on social network X with high followers (more than half a million)? Some have a quite positive view of the long term, not concerned with the short term, others have a more cautious view.
The following are summaries and notes from BeInCrypto about these views.
#first. MMCrypto – Simple thinking is the key
The @MMCrypto account became famous in the Crypto industry thanks to its life-changing story from driving a Taxi to entering the upper class thanks to Bitcoin. With 1.3 million followers on X, he recently Chia his extremely simple thinking about Bitcoin price in the current period.
Chia @ mmcrypto 's view on Bitcoin priceIn particular, Bitcoin price is Chia into 3 different regions:
- Green zone: from less than 31,000 USD to 12,000 USD is called the Bitcoin buying zone.
- Golden zone: from over 31,000 USD to 69,000 USD is the area where you do not need to do anything.
- Red zone: from over 69,000 USD to 200,000 USD is to sell Bitcoin.
To be able to apply this observation, investors need to Chia enough Capital and be persistent enough to wait for price developments until 2025.
#2. PlanB – Bitcoin price increase is not due to macro factors
PlanB is a name that is no longer unfamiliar to Crypto investors over the years. PlanB is famous for its Bitcoin price prediction model called Stock-to-flow . Although this model is no longer effective in 2023, PlanB's Chia still receive attention from the community.
Observe the prices of Bitcoin, gold, and stocks. Source: @planBMost recently, this KOL with 1.8 million followers argued that:
- The price increase of BTC up to 10,000 times is not due to macro factors or exchange rates as many analyzes do. If XEM at macro/exchange rates as a rising tide that lifts all boats, then why don't gold and stocks seem to have moved significantly during the same period of time BTC increased 10,000x.
- PlanB then concluded that the factors driving Bitcoin's price increase are not macro factors but thanks to scarcity, BTC's Halving mechanism. The impact of the Halving mechanism on BTC price is mentioned by PlanB with the Stock to Flow (S2F) model.
Previously, analysis suggested that Bitcoin's 4-year cycle may not be related to the Halving event but to the M2 money supply. PlanB's above argument counters this point of view, and this is clearly an argument for bullish price expectations as Bitcoin is about to face the 4th Halving in mid-2024.
#3. Robert Kiyosaki – It's not how much BTC costs, but how many BTC are there?
Robert Kiyosaki is a famous American author, speaker, entrepreneur, and pro-Bitcoin investor. He is famous for his book “Rich Dad Poor Dad” released in 1997, and this book has become one of the most popular finance books in the world.
“I keep getting asked “What will gold, silver or Bitcoin cost in 2025?”. My answer is: it's a silly question. The more important question is how much gold, silver, Bitcoin do you have TODAY? Gold, silver, Bitcoin are bargains today… but tomorrow they won't be. America is bankrupt. Buy GSBC (Gold, Sliver, Bitcoin) today before stocks, bonds, real estate crash and everyone rushes to GSBC.“
Robert Kiyosaki's view is that he doesn't care about the chart, doesn't care about the price, only cares about how much he can buy. He is extremely negative about the US economy and extols the value of Gold, Silver, and Bitcoin.
#4. Crypto Rover – Many people are underestimating the impact of the Bitcoin spot ETF
The perspective of @rovercrc – a Crypto market KOL with more than half a million followers – focuses on the impact of a spot Bitcoin ETF being approved. Much like the impact on gold, spot ETFs could cause BTC prices to increase by as much as $40,000 in just a few weeks and quickly reach six-figure prices.
Rover cited Bloomberg calculations that just one BlackRock Spot Bitcoin ETF could generate Capital flows of about $150 billion immediately. In fact, not only Blackrock, but a series of large funds managing more than 25 trillion USD are ready for Bitcoin's next bullrun season.
#5. Michaël van de Poppe – 28,000 USD can change the situation
Michaël van de Poppe with more than 660 thousand followers Chia his views on Bitcoin price in the short term.
Recently, he said that Bitcoin has started an uptrend and the process of raising interest rates by the FED is likely to have come to an end. If Bitcoin surpasses $28,000, the price will go further in the long run. On the contrary, if Bitcoin falls below 26,700 USD, it will continue to buy back at the 26,000 USD area.
Recent analysis from BeInCrypto also points out that resistance at the $28,000 area is important for Bitcoin price .
Also Read: Top 8 best Bitcoin platforms and exchanges in 2023
What do you think about the Bitcoin price predictions of the above KOLs? Chia your comments now in our community Telegram chat | Telegram channel | Facebook fanpage .
