Robert Kiyosaki Revises Bitcoin Price Prediction to $135,000
Robert Kiyosaki, author of “Rich Dad, Poor Dad” and a well-known advocate for Bitcoin, has adjusted his price expectations for the cryptocurrency. Previously predicting a surge to $500,000 by 2025, Kiyosaki now believes that Bitcoin’s next milestone will be at $135,000. This update comes after Bitcoin recently experienced an impressive rally, with a significant 15.81% surge in just a few days, briefly surpassing $34,500. Currently, Bitcoin is trading at around $34,065. Kiyosaki not only discusses Bitcoin but also recent frauds, his affinity for gold and silver, and his changing attitude towards crypto assets.
Kiyosaki’s Concerns About Sam Bankman-Fried
In a separate conversation, Kiyosaki expressed his worries about Sam Bankman-Fried (SBF), the founder of the now-defunct crypto exchange FTX. Kiyosaki highlighted SBF’s success in attracting investments from prominent figures like Jim Cramer and Kevin O’Leary. He questioned whether SBF could escape legal consequences while suggesting that the Federal Reserve and Treasury Secretary are deceiving everyone. Kiyosaki is unreserved in criticizing the US government’s extensive money printing over the past three years, which was accelerated by the pandemic. He urges people to wake up to the financial turmoil caused by government injustice and demand accountability.
Kiyosaki’s Affordable Investment Choices
During the discussion, Kiyosaki emphasizes his longstanding preference for assets such as gold, silver, and Bitcoin as affordable investments accessible to average individuals. He highlights the power of dollar-cost averaging in building wealth and recounts his personal experience of purchasing a gold coin for $50 that has since appreciated to $2,000. Kiyosaki consistently supports holding these assets for the long term.
Bitcoin Compared to Gold
Bitcoin and gold have both seen price surges due to their status as safe-haven assets amid the Middle East crisis. Gold has performed well in the commodities market, while Bitcoin Dominance is approaching 53% for the first time since 2021. The ongoing situation in the Middle East may continue to drive up the prices of both assets during economic uncertainty. Additionally, just as Gold ETFs caused a surge in gold prices, the introduction of a Spot Bitcoin ETF is expected to further boost Bitcoin prices.
Hot Take: Robert Kiyosaki Revises Bitcoin Price Prediction and Highlights Concerns About Sam Bankman-Fried
Renowned author Robert Kiyosaki has adjusted his previous Bitcoin price prediction from $500,000 to $135,000. He attributes this revision to Bitcoin’s recent impressive rally. Kiyosaki also expresses concerns about Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, questioning if he can escape legal repercussions. Kiyosaki continues to advocate for affordable investments like gold, silver, and Bitcoin, emphasizing their long-term potential for wealth accumulation through dollar-cost averaging. The ongoing Middle East crisis has contributed to surges in both Bitcoin and gold prices, with expectations of further increases. Overall, Kiyosaki urges individuals to become financially savvy and demand accountability from the government.
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