Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Robert Kiyosakia popular financial expert and Bitcoin proponent, widely known for writing a classic book on financial management titled “Rich Dad Poor Dad,” made another bullish prediction for the Bitcoin price.
However, this time it is slightly lower than his previous forecast for Bitcoin for this year.
“I expect $250,000 this year”: Kiyosaki
Kiyosaki posted his tweet earlier today as the world's leading cryptocurrency rose to reach the $100,500 region. Kiyosaki then tweeted: “Bitcoin is over $100,000,” adding that he now expects digital gold to reach $250,000 this year and that he is “buying more” of it.
Many commentators agreed with Kiyosaki's predictions, noting that if the new US president actually starts building the Bitcoin Strategic Reserve as he promised before the election, Bitcoin could rise to $350,000, and could even go much higher.
In the late fall of 2024, Kiyosaki once tweeted that he admired the Bitcoin tactics used by Michael Saylor at MicroStrategy — aggressively accumulating and holding Bitcoin — and tried to follow them but on a much smaller scale. He also agreed with Saylor that after ten years, Bitcoin will be worth $12 million per coin, since by then it will have taken a portion of gold's market share.
This is the evolution of Kiyosaki's Bitcoin strategy
Curiously, in November-October, when Bitcoin was forecast to rise, Kiyosaki stated that he would stop accumulating Bitcoin once the price exceeded $100,000 because it was not time to “get greedy.” However, he now says he is buying more Bitcoin and intends to continue doing so.
In December 2024, the author of "Rich Dad Poor Dad" predicted several times that in 2025, Bitcoin would become... It rose to $350,000 per coin. However, one such forecast stated that Bitcoin will reach at least $175,000 this year with high chances of rising to $350,000 by the end of 2025.
In December, Kiyosaki also criticized BlackRock CEO Larry Fink for the massive outflows of Bitcoin ETFs the company faced at the time. The two largest outflows have occurred since the ETF was established in December. Kiyosaki then stated that BlackRock intentionally sold Bitcoin to keep its price below $100,000 to allow whales to buy more Bitcoin.
Kiyosaki is known for his long-term accumulation of Bitcoin, gold, and silver and his belief in these assets as a safe haven.
Source link