”Rich Dad Poor Dad” Author Robert Kiyosaki Says Bitcoin May Crash To $60K, Will Buy More BTC If It Does
Release: 2024/12/02 22:24 Reading: 414
Renowned Bitcoin advocate and "Rich Dad Poor Dad" author Robert Kiyosaki has predicted that Bitcoin will experience a price correction to $60,000, and if it does, he intends to acquire more BTC.
In a tweet on December 1, Kiyosaki expressed that Bitcoin's inability to surpass $100,000 is an indication that it may undergo a downward correction to $60,000.
Instead of viewing this potential development as a setback, Kiyosaki presents it as an opportunity, stating that if it occurs, "I will buy more."
Bitcoin Price Prediction
- Bitcoin has struggled to reach $100,000.
- Kiyosaki predicts it could decline to $60,000.
He sees this as an opportunity to acquire more BTC.
Despite his short-term bearish outlook, Kiyosaki maintains an optimistic view of Bitcoin's long-term prospects, reiterating his target price of $250,000 by 2025. He also aligns with Michael Saylor of MicroStrategy in projecting a longer-term potential target of $13 million for Bitcoin.
Robert Kiyosaki's Long-Term Outlook
- Reiterates his $250,000 BTC price target by 2025.
- Aligns with Michael Saylor's projection of $13 million for Bitcoin.
- Emphasizes Bitcoin as a safe haven against fiat currency devaluation.
Interestingly, Kiyosaki's December 1 tweet contradicts his sentiment from the previous day, when he anticipated that BTC would soon reach $100,000, urging followers to act on "FOMO" (fear of missing out).
Consistent with his overall narrative, he continues to advocate for Bitcoin, along with gold and silver, as assets that can protect wealth while fiat currencies decline in value, emphasizing his belief that "cash is trash."
As Kiyosaki notes, Bitcoin has been facing resistance in surpassing $100,000. After reaching $95,358, BTC experienced a slight decline of over 3% in the past week, falling short of its all-time high by approximately $4,000. Despite this, it remains up by 115% year-to-date, reflecting its overall positive performance.
Regardless of whether Bitcoin retraces to $60,000 or surges to $100,000 in the near term, Kiyosaki's fundamental stance remains unchanged: Bitcoin is a crucial asset for long-term wealth preservation.
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