Yahoo Finance Grant Cardone Asks How High Bitcoin Can Go After Reaching an All-Time High
Bitcoin broke its all-time-high record — passing through its previous record of $69,044.77, which it hit on Nov. 10, 2021, and is continuing its accent.
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So, “how high from here,” Grant Cardone, private equity fund manager, real estate investor, author of “The 10X Rule” and creator of the 10X Profit Planner, posted on X (formerly Twitter) on March 5. He accompanied his post with an image reading: “Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record.”
As of March 11, Bitcoin was at $72,076, up a whopping 252% in the past year and 52% in the past month. And to put this in context, it’s up an eye-popping 1,711.76% in the past five years, according to Google Finance data.
So it’s no wonder Cardone is not alone in wondering how high the asset will go from here and whether this massive rally will stick.
For instance, Bernstein analysts said on March 11, that they were now more convinced about bitcoin hitting $150,000 by mid-2025, Coindesk reported.
Anthony Scaramucci, founder and CEO of SkyBridge Capital, said he predicts $170,000 by April 2025.
“People think we’re nuts and that’s fine, but I don’t think we’re nuts and that’s why we have such a big position,” Scaramucci, Yahoo Finance Live.
And even some of the one-time skeptics are turning around. “The Bitcoin bulls have been proved mostly right about its prospects as a long-term investment,” Rockefeller International Chair Ruchir Sharma wrote in the Financial Times. “Once dismissed as fanatics, the Bitcoin bulls must be feeling vindicated.”
Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, who previously took a cautious approach toward Bitcoin, is also enthusiastic about the assets’ near-future prospects, predicting it will hit $300,000 in 2024.
“BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024,” Kiyosaki tweeted on March 6.
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