Bitcoin (BTC) and Dogecoin (DOGE) continue to capture headlines with predictions and high-profile endorsements. Robert Kiyosaki’s bold predictions for BTC and Elon Musk’s association with the DOGE-1 mission have spurred significant conversations. Amidst this crypto buzz, VC Spectra (SPCT) emerges as an innovative investment contender, presenting its compelling growth narrative.
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Robert Kiyosaki Claims Bitcoin (BTC) Will Reach $1 Million
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” foresees Bitcoin (BTC) potentially reaching a staggering $1 million per coin. On August 15, 2023, Kiyosaki wrote on the X platform that in a severe global economic collapse scenario, gold would be $75,000 per ounce, silver would be $60,000, and Bitcoin (BTC) could exceed $1 million.
Kiyosaki’s predictions are influenced by shifts away from the U.S. dollar and the historical importance of gold and silver. On August 15, Bitcoin (BTC) was trading at $29,245, with a volume of $11.1 billion. The trading volume of Bitcoin (BTC) declined by 9.07%, which was $12.9 billion on August 14.
Bitcoin (BTC) is prompting concerns among traders about a possible bearish phase. Yet, technical analysts suggest that Bitcoin (BTC) is finalizing a rising wedge pattern, which could see its conclusion around the beginning of September near the $29,500 level. Bitcoin (BTC) could witness a sharp rally toward the $35,000 resistance if the pattern follows its historical trend.
DOGE-1 Mission, Associated With Dogecoin (DOGE), Will Launch in Mid-November
On May 10, 2021, Elon Musk tweeted about the DOGE-1 mission on the X platform. The DOGE-1 mission is related to the Dogecoin (DOGE) cryptocurrency. It is set to launch between November 15 to 20, 2023. SpaceX’s Falcon 9 rocket will be utilized for the mission, taking off from the Kennedy Space Center in Florida. This has generated considerable excitement within the Dogecoin community.
The unique aspect of DOGE-1 is its funding, entirely backed by Dogecoin, marking the first space mission funded by a cryptocurrency. After the announcement by Musk, Dogecoin was trading at $0.4505 with volume of $14.57 billion. Currently, DOGE is trading at $0.0736, declining by 83.63% since May 10, 2021.
However, the association of Dogecoin with the DOGE-1 event could influence its price, potentially driving demand and valuations. Considering this perspective, forecasts suggest that Dogecoin might reach $0.1 by the end of 2023. Experts also anticipate a bullish trend for Dogecoin beginning in September.
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