Bitcoin is predicted to grow 625 times by 2031

According to Robert Breedlove, CEO and founder of cryptocurrency investment company Parallax Digital, the flagship cryptocurrency will be trading at $ 12.5 million by 2031. According to Breedlove, this value will be achieved due to the fall of the dollar.

Important: not financial advice!

The analyst shared his point of view in an interview with the Altcoin Daily YouTube channel. According to Robert Breedlove, the US dollar «will fall to zero or close to it in the next 10 years, hyperinflation will occur,» which will allow bitcoin to reach unprecedented highs. However, it is worth noting that $ 12.5 million in 2031 will be equal to only $ 1 million now, given the hyperinflation predicted by Breedlove.

At the moment, it is hard for some to believe that bitcoin will be traded even for $ 1 million, given that at the time of writing, the price of the flagship cryptocurrency is $ 19,339. Robert Breedlove emphasized that he would believe in his own forecast despite any market fluctuations and widespread skepticism.

Robert Kiyosaki, the author of the bestselling book «Rich Dad, Poor Dad,» has a similar point of view, but without a forecast of the cost of military equipment. According to the author of the book, the current actions of the US government will lead to rising inflation, a falling dollar, and rising poverty in the US in the future. Kiyosaki is convinced that amid a large-scale economic crisis and the fall of traditional global markets, digital assets will «win» and grow in value. «I believe that the biggest economic downturn in world history is coming. And now the question is not whether you want to invest in cryptocurrency. You just need to buy cryptocurrency to avoid losing all your savings,» Kiyosaki emphasized.