Bitcoin Nears $64,000 Amid Correction Risks and Kiyosaki’s Strategy
“Should Have Bought” is a news podcast featuring the ForkLog editorial team and friends, discussing the week’s major industry events and the hottest tokens.
Topics of the episode include: “sodomy” in the cryptocurrency market, rising correction risks, MicroStrategy’s inexhaustible reserves, and advertising in Telegram for TON.
Participants: ForkLog authors Lena Jess, Alex K., Vasily Smirnov.
Special guest: founder and acting CEO of the aggregator CeDeFiAi Tony B.
Bitcoin Approaches ATH
On February 28, Bitcoin tested $64,000—less than 10% away from the all-time high recorded in 2021. The price corrected to $60,000, soon stabilizing around $62,000.
The monthly chart formed the largest green candle in history. In February, the first cryptocurrency rose by more than 40%, with historically favorable March ahead.
Ethereum’s price kept pace, testing the $3,500 level before slightly retreating. Last month, Ether increased by 46%.
Amid market revival, the fear and greed index exceeded 80, matching November 2021 levels.
Forecasts from Peter Brandt and Other Experts
Peter Brandt, head of Factor LLC, revised his forecast for the first cryptocurrency’s price in 2025 from $120,000 to $200,000.
The expert raised the bar as Bitcoin broke through the upper resistance boundary of a 15-month channel.
According to Brandt, the current bull cycle will end in August-September 2025. By then, digital gold’s quotes should reach the stated target.
The technical analyst also expressed confidence that Bitcoin will become an important “store of value” as traditional players engage in the crypto market.
Credentia CEO Stepan Gershuni opined that cryptocurrency holders face “~12 months of sodomy.”
However, Matrixport co-founder Daniel Yan predicted a 15% market correction in April. Meanwhile, JPMorgan analysts expect Bitcoin’s price to fall to $42,000 post-halving.
Kiyosaki’s Plan
“Rich Dad” Robert Kiyosaki is unfazed by corrections. For him, “sale” is his favorite four-letter word.
“People often ask me: ‘What if Bitcoin crashes?’ My answer is the same for Bitcoin, gold, and silver: ‘I will be happy and buy more as soon as the crash is over,'” he wrote.
MicroStrategy, having survived the dot-com boom, is also unbothered by corrections. Its accumulated digital gold reserves approached $12 billion.
The firm does not intend to sell its first cryptocurrency reserves, and such steadfastness positively impacts its stock price.
The government of El Salvador also does not plan to realize profits, which have already exceeded $40 million. To Bitcoin critic Peter Schiff, the country’s president, Nayib Bukele, suggested “cry harder.”
TON’s Prospects
Pavel Durov announced financial rewards for Telegram channel owners for displaying advertisements.
Starting in March, the Telegram Ads platform will open to all advertisers in nearly 100 new countries. Local users will receive 50% of the revenue the messenger earns from displaying ads on their channels.
Additionally, Durov proposed a solution to preserve TON’s decentralization. The Telegram team will be limited to owning around 10% of the total token supply.
Over the past week, TON’s price has risen by more than 30%.
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