The post ‘Rich Dad’ R. Kiyosaki makes super bullish Bitcoin prediction appeared on BitcoinEthereumNews.com.

The prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki, seemingly endorsed a months-old Michael Saylor Bitcoin (BTC) price prediction in an X post made late on November 19. Kiyosaki, himself no stranger to bullish BTC forecasts, opined that MicroStrategy (NASDAQ: MSTR) CEO might be right in his estimate the world’s premier cryptocurrency will eventually be worth $13 million per coin, describing the executive as ‘one smart boy.’ Following from this conclusion, the author opined that investing $9,000 in Bitcoin, even with the current high prices, would yield massive gains and added that such a maneuver ‘going $50,000 in debt for a student loan…studying for years,,,, just to earn a flimsy MBA.’ $13 million Bitcoin:….according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats… — Robert Kiyosaki (@theRealKiyosaki) November 20, 2024 Interestingly, Kiyosaki miscalculated in his tweet. He said the $9,000 would purchase 0.01 BTC when it would, in actuality, buy nearly 0.1 BTC at the cryptocurrency’s press time price of $93,153. on the other hand, the author was right in pointing out that the purchase would eventually make a millionaire out of the trader – with Bitcoin at $13 million, the $9,000 investment would be worth approximately $1.3 million – though it is, perhaps, worth saying that Saylor’s price target was for the year 2045. Could Kiyosaki be right about $13 million BTC? Despite the miscalculation and the exceptionally long time frame for the investment, the recommendation might have some merit for a trader who could spend $9,000 in 2024 without cashing in over 21 years. Robert Kiyosaki has been…

---

Filed under: News - @ November 20, 2024 10:20 am