Last Updated: 27 May 2023
Teeka Tiwari, a well-known financial analyst, Palm Beach Letter editor, and author of New World Money, has made a name about himself in the cryptocurrency world. He has a reputation for his market opinion and guidance, including optimistic Bitcoin predictions and estimated millions made through cryptocurrency investing.
Tiwari rose to prominence in 2015 after correctly predicting the rise of Bitcoin and advising investors to include cryptocurrencies in their portfolios. Tiwari has a multitude of knowledge on saving, investing, and portfolios geared to resist weakening economies, thanks to his hedge fund management background. Tiwari’s insights are once again proving advantageous to the market, as Bitcoin has recently risen in value.
As the world has been affected by the global epidemic, Bitcoin has grown in popularity and value across the globe. The crypto business appears to be destined for a significant bull run, which Teeka Tiwari has forecast, with institutional investment growing stronger than ever before, the US dollar falling, and regulations tightening.
Which TV Show has Featured Teeka Tiwari?
Tiwari recently told Chris Lowe of Legacy Research Group that he believes Bitcoin will reach $60,000 or $70,000 “a lot sooner than most people realize” in a recent call.
What are Teeka Tiwari’s Predictions Regarding Bitcoin?
Tiwari recently told Chris Lowe of Legacy Research Group that he believes Bitcoin will reach $60,000 or $70,000 “a lot sooner than most people realize” in a recent call. He predicted that the business would achieve multi-trillion-dollar caps, similar to high-earning businesses, without specifying a time range for the token’s rise.
He further added that we would see cryptocurrencies with multitrillion-dollar market capitalization, just as we see multitrillion-dollar market caps in companies like Amazon and Apple today.
He went on to say that he believes the current bounce is just the start of the price increase, saying that we are in the second half of the first inning of this bull market. Bitcoin is definitely going to reach $60,000 or $70,000.
Growth in the number of institutional investors
Bitcoin is being added to the assets under the management of institutions like Grayscale Investment and Square (AUM). Bitcoin demand rises as institutions buy more of the cryptocurrency, reducing the amount of cryptocurrency accessible. Due to the limited supply of Bitcoin, demand drives the price up.
The US dollar is volatile; thus, Bitcoin is a haven
Fiat currencies are faltering as the global economy tries to restore vigor. As a result of the worldwide pandemic, the US dollar has struggled, with broken supply chains and small and medium-sized enterprises battling to add to the economy due to national lockdowns. Investors have pooled their wealth into hedging assets to offset the dropping value of the US dollar. As a result, more investors have entered the gold and bitcoin markets, bolstering the cryptocurrency and commodities markets.
FOMO is pushing the stock market upward
As a result of the fear of missing out (FOMO) on prospective profits, the rising price of Bitcoin has attracted a lot of new investors (institutional, retail, and large-scale whales) to the market. The price rises as more investors come in, creating a cycle of rising value.