Renowned author Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has once again made bullish predictions regarding the price of Bitcoin. In a recent social media post, Kiyosaki forecasted that Bitcoin’s price would surge to $100,000 by June 2024. This projection aligns with his previous optimistic outlook on BTC’s trajectory, as well as his belief in the decline of gold.
Robert Kiyosaki tips Bitcoin to hit $100,000 by June
Robert Kiyosaki’s confidence in Bitcoin’s future has led him to increase his holdings of the cryptocurrency, particularly in anticipation of a significant price surge. He attributes this potential surge to the recent approval of spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving event.
In addition to his predictions about Bitcoin’s price, Robert Kiyosaki has been vocal about his concerns regarding the U.S. economy. He has warned of a potential collapse similar to that of the Roman Empire, without the likelihood of a soft landing. Kiyosaki has also expressed apprehensions about imminent crashes in both the stock and bond markets, fearing that such events could spiral into a depression.
One of Kiyosaki’s main arguments for investing in Bitcoin revolves around his belief that it offers protection against the devaluation of traditional currencies, particularly amidst growing government debt. He views Bitcoin as a safeguard against the erosion of wealth caused by inflationary monetary policies.
Industry experts weigh in on the prediction
Robert Kiyosaki’s bullish sentiment towards Bitcoin is shared by other prominent figures in the financial world. David Stryzewski, CEO of Sound Planning Group, has suggested that Bitcoin is primed for a significant rally. Additionally, a panel of experts at Finder has predicted that Bitcoin’s price could exceed $77,000 this year.
Venture capitalist Tim Draper has maintained his prediction of a $250,000 Bitcoin price by the end of the year, while Fundstrat’s head of research has forecasted a potential price of $150,000, with the possibility of reaching $500,000 within five years. Even more optimistic projections come from Cathie Wood’s investment management firm, Ark Invest, which sees a higher probability of Bitcoin’s price soaring to $1.5 million per coin.
Standard Chartered has suggested that Bitcoin could reach $200,000 by 2025, while Bitwise expects it to surpass $80,000 this year. Vaneck, another asset management firm, anticipates Bitcoin reaching an all-time high in the fourth quarter of 2024, potentially driven by political events and regulatory shifts following a U.S. presidential election.
Overall, the bullish outlook on Bitcoin’s price reflects a growing confidence in its potential as a store of value and an alternative investment asset. While some may remain skeptical of such lofty predictions, the increasing adoption of Bitcoin by institutional investors and the broader financial industry suggests that the cryptocurrency’s trajectory is worth monitoring closely in the coming months and years.
