Japanese-American businessman and author of ‘Rich Dad Poor Dad’, Robert Kiyosaki has predicted that the price of Bitcoin will hit $100k by 2024. This prediction aligns with his earlier forecast of Bitcoin’s rise.
Taking to his X handle, Kiyosaki shared his bullish prediction on the price of Bitcoin, which he wrote, “BITCOIN to $100k by June 2024”.
Kiyosaki who is a big critic of the US government, as regards some of their policies, last month disclosed why he owns Bitcoin.
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He said,
“Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, & stock price manipulation. That is why I save and invest in Bitcoin, not stocks, bonds, and fake dollars.”
Following the approval of spot bitcoin exchange-traded funds (ETFs), he revealed that he had increased his bitcoin holdings. He believes BTC will soon hit $150K, advising investors to pay attention to the upcoming Bitcoin halving.
With the price of Bitcoin currently rallying around $52,000, Kiyosaki urged investors to buy BTC in response to the U.S. government’s growing debt. Other critics of the U.S. government’s fiscal policies have also raised the alarm about the increasing national debt, citing its potential to weaken both the U.S. economy and the U.S. dollar.
The acclaimed author has also been issuing warnings about the U.S. economy, likening its potential collapse to that of the Roman empire, without expecting a soft landing. He has additionally forecasted imminent crashes in both the stock and bond markets. Moreover, he has expressed concerns that the next crash could spiral into a depression.
With Bitcoin’s recent price rally, surging past $52,000, it signals a resurgence of bullish sentiment amidst market volatility. Despite challenges and fluctuations, Bitcoin has demonstrated remarkable resilience, posting a nearly 23% gain since the beginning of the year.
Kiyosaki’s bullish outlook for Bitcoin not only resonates with retail investors but also underscores the growing acceptance and adoption of cryptocurrency among institutional players. With traditional investment firms exploring Bitcoin as a viable asset class and regulatory frameworks gradually evolving to accommodate digital assets, Bitcoin’s ascent to $100k could accelerate institutional adoption and mainstream acceptance.
As Bitcoin continues to assert its prominence as a store of value and hedge against inflation, its role in reshaping the global financial ecosystem becomes increasingly pronounced.
However, achieving Kiyosaki’s ambitious target of $100k within a relatively short timeframe poses formidable challenges, necessitating sustained momentum and investor confidence.
As Bitcoin navigates evolving market dynamics, including regulatory scrutiny and macroeconomic trends, its trajectory remains subject to speculation and uncertainty. Most analysts, having analyzed Bitcoin prices, agree that the BTC bullish trend will continue throughout 2024.