Robert Kiyosaki, a popular author and Bitcoin supporter, is back in the headlines after claiming that Bitcoin can hit $13 million. The author of “Rich Dad Poor Dad” made his prediction after Strategy’s Michael Saylor’s podcast interview last November made the rounds online. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks In a podcast last November, podcaster Patrick Bet-David offered a hypothetical question on price action and market cap for Bitcoin. He said that if adoption increases from 0.1% to 7%, reflecting a 700x price surge, can Bitcoin also hit $13 million from its current $90k pricing? Saylor agreed with the math, creating a buzz online. Kiyosaki is one of the popular cryptocurrency commentators who re-share Saylor’s prediction, adding that going for the flagship crypto is smart. $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 Saylor Remains Confident On BTC, Supports The $13M Price Projection In the interview, Bet-David asked Saylor about his company’s long-term value, knowing it currently boasts a market cap of $73 billion. Bet-David started the discussion with the argument that Bitcoin has a 0.1% market adoption, which can potentially surge to 7% or a 700x increase. If Bitcoin trades at $90k and increases to $13 million, Bet-David asked if Strategy can hit 144x in 21 years. Saylor agreed with the math and anticipates the crypto will top $13 million. Kiyosaki added his thoughts on this bullish projection and even compared its potential to the cost of education. He shared that 0.1 BTC today can easily trump going to the university and getting a $50k student debt. Kiyosaki then blasted traditional education, particularly the penchant for many to enroll in MBA classes but still fail to become millionaires. Is $13M For BTC Even Realistic? Saylor’s interview certainly raised a few eyebrows, but he offered some justification for this bold projection. The Strategy co-founder argued that Bitcoin’s current adoption rate stands at 0.1%, and it markets for around $95k. Now, if the demand and adoption for Bitcoin increase to 7%, he expects a massive price surge to follow. He further argued that this scenario can push prices into millions per token since there’s a limited supply of Bitcoin in circulation. If BTC hits $13 million, a person holding 0.01 Bitcoin today for $9k would be valued at $130k. Related Reading: Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack BTC And MBA: Is There A Basis For Comparison? In the same Twitter/X post, Kiyosaki targeted student debt and even argued that holding digital assets is a sounder financial decision than applying for a loan to complete an MBA degree. Kiyosaki shared that it’s wiser to invest in Bitcoin now than to go under just to complete a “flimsy MBA”. Kiyosaki added that Bitcoin’s potential outweighs what an MBA can bring. An MBA program in top US universities can cost anywhere from $50k to $200k. And many students often leave business schools with huge student debts and no guaranteed ROI. The popular author then suggested to everyone: invest 0.01 BTC for $9k today and get rewarded in the future. Featured image from Gemini Imagen, chart from TradingView
Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, has thanked Bitcoin for enabling him to reach really great financial success. In a recent New Year’s tweet, he underlined the need of fully understanding assets and cited Bitcoin as a shining example of how knowledge may lead to riches. Related Reading: Wealth Mentor Predicts […]
Bitcoin fans have been abuzz after a bold prediction emerged: Robert Kiyosaki, the author of “Rich Dad Poor Dad”, believes that Bitcoin can reach $350,000 by 2025. His prediction isn’t just based on a guess. Kiyosaki points out the digital asset’s impressive 130% growth this year as a sign of what is to come. Can Bitcoin really go that high? Related Reading: Bitcoin Exchange Reserves Surge: Are Traders Preparing For A Major Market Shift? The Institutional Push: Help Or Hindrance? Institutional players like BlackRock are entering the crypto space in big ways. Their involvement legitimized Bitcoin. But things are not all rosy either. Recently, BlackRock reported $188 million in outflows for its Bitcoin ETF. For some people, that was a red flag. The critics worry that such giants will manipulate the market. Kiyosaki, an adamant proponent of financial freedom, encourages investors to keep their Bitcoin private wallets and not let institutions handle it. Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Caplitist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you’ll own nothing and you’ll be… — Robert Kiyosaki (@theRealKiyosaki) December 27, 2024 Is Bitcoin Getting Too Centralized? One of the best things about Bitcoin is its decentralized nature. As Wall Street behemoths such as BlackRock begin to dip their toes in, fears of centralization start to fill the air. Kiyosaki does not trust these institutions. He believes they may end up gaining too much influence over the crypto market. This would shift Bitcoin from its original appeal as “people’s money.” With such concerns, institutional interest still may drive up demand. If the market perceives Bitcoin as a “safe bet” due to BlackRock and others, its price may skyrocket. However, the potential downside—the loss of the power of decentralization—cannot be disregarded. The Road To 2025 Will Bitcoin hit $350,000 by 2025? Opinions remain divided. The crypto market is famously unpredictable, driven by factors like investor sentiment, regulation, and global economic conditions. Kiyosaki’s bullish stance appeals to those who see Bitcoin as a hedge against inflation. But others argue that market manipulation and regulatory scrutiny could keep prices in check. Related Reading: Dogecoin Rally Ahead: Analyst Hints At A Bigger Breakout Than 2021 For now, one thing is quite obvious: Bitcoin is sure to be a hot and highly debated topic. Investor caution is the watchword of the day. While the thought of $350,000 is very tempting, a consideration of risks and reward must be undertaken. Crypto markets are still in an evolving stage. Predictions such as those by Kiyosaki are intriguing, but only time will tell whether or not Bitcoin will see those dizzying heights. For now, stay educated and cautious. At the time of writing, Bitcoin was trading at $94,448, down 2.4% and 4.3% in the daily and weekly timeframes, data from Coingecko shows. Featured image from Pexels, chart from TradingView