Rich Dad Poor Dad Author, Robert Kiyosaki Predicts Bitcoin Price to Hit $1 Million
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Renowned author Robert Kiyosaki, known for “Rich Dad Poor Dad,” has set forth remarkable predictions about Bitcoin’s future. He envisions Bitcoin reaching $100,000 and potentially an astonishing $1,000,000 per coin. Kiyosaki’s perspective positions Bitcoin as “people’s money,” contrasting it with gold and silver, which he terms as “God’s money.” His optimism stems from a unique analysis of global economic scenarios and the evolving financial landscape.
Diverse Scenarios for Bitcoin’s Growth
Kiyosaki suggests that if traditional markets, like stocks and bonds, experience a significant crash, Bitcoin’s value could soar to $100,000. In a more extreme case of a global economic collapse, where gold could be valued at $75,000 per ounce and silver at $60,000, Kiyosaki speculates that Bitcoin might potentially surpass $1 million. These scenarios are grounded in his observations of currency dynamics and historical events.
BITCOIN to $100k. Saying for years gold&silver GOD’S money. BITCOIN peoples $. Bad news IF stock & bond market crash gold&silver skyrocket. WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high. Mom, Pop & kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Kiyosaki has previously tied his Bitcoin predictions to events like the BRICS meeting, speculating about a new gold-based global trading currency. This, he believes, could trigger a worldwide shift away from the U.S. dollar. While his recent tweets emphasize the historical significance of gold and silver, Kiyosaki’s broader views on financial shifts indirectly indicate his bullish stance on Bitcoin’s future price performance.
Market Insights and Expert Opinions
The current price of Bitcoin rests at $29,361, prompting discussions among experts. Analyst Jesse Myers, affiliated with the Onramp investment group, foresees a value surpassing $100,000 post the 2024 halving event. This shift, he suggests, might only become evident after the event itself. The general sentiment aligns with an expectation of substantial price growth, potentially commencing around October.
#Bitcoin won’t surge to $100k before the next halving…
Because the Efficient Market Hypothesis (EMH) is wrong.
Instead, the market will price-in the changed reality over the 12-18 months post-halving.
— Jesse Myers (Croesus ) (@Croesus_BTC) August 14, 2023
With various predictions converging around a pre-halving price of $100,000 or beyond, the spotlight remains on Bitcoin’s trajectory. Kiyosaki’s influential advocacy, coupled with ongoing market trends and forthcoming events, underscores the potential for significant appreciation in Bitcoin’s value. As the financial landscape evolves, the anticipation of Bitcoin’s ascent continues to grow.
Filed under: Bitcoin - @ August 15, 2023 3:19 pm