Robert Kiyosaki, a renowned author and opponent of conventional assets, has gained recognition for his advocacy of Bitcoin and commodities like gold and silver.
Although his reputation has never been questioned, Kiyosaki has definitely made bold Bitcoin forecasts in support of the top digital asset despite his alleged two-year old experience in the Bitcoin market.
Robert Kiyosaki Bitcoin Previous Predictions
In 2023, he projected that Bitcoin would reach $350,000 by August of 2024, a forecast that went unrealised. Based on an undisclosed artificial intelligence (AI) tool study, the author of the best-selling personal finance book "Rich Dad Poor Dad" had projected Bitcoin will trade at $500,000 in 2024.
Earlier this year, Kiyosaki made a wild projection stating that by 2030 Bitcoin would reach $1 million. He disclosed that artificial intelligence (AI) would fuel the rise, therefore it will be terrifying. His forecasts so far have been off-target, and his optimistic posture is yet to fit into the reality of the cryptocurrency market.
Robert Kiyosaki’s Bitcoin Investment Strategy
Recently, Kiyosaki tweeted a precipitous decline in Bitcoin prices, reiterating his belief in the cryptocurrency's worth in the long run despite its possible short-term volatility. According to Kiyosaki, “Bitcoin is stalled short of $100k. That means BTC may crash to $60k.
If and when that happens I will not sell. BTC will be having a sale. I will buy more. I predict Bitcoin will settle around $250 in 2025”.
He reiterated his commitment to growing his Bitcoin portfolio, a perspective that reflects his larger investing philosophy of seeing downturns as strategic investment opportunities. Based on his prediction on X, it is to be assumed that he meant “$250K” not “$250.”
Reactions to Kiyosaki’s Bitcoin Crash Prediction
While he continues to predict, several of his followers have voiced their opinions on his Bitcoin price prediction. A user remarked: “I just can’t take this guy seriously anymore. His constantly changing opinions on crypto, gold, silver, and all this back-and-forth—crash, no crash, bullish, not bullish—are exhausting.”
Another lashed out: “...Let’s get real for a second…this dude doesn’t even post trades, receipts or screenshots…This guy isn’t a trader; he’s a professional engagement farmer…This guy? He’s just noise and your wallet deserves better…”
Wrapping Up
Bitcoin hit its current all-time high on November 22 at $99,800. After which it experienced a little dip, falling to a temporary low of $90,742. As at the time of this writing, the live Bitcoin price today is about $97k.
Robert Kiyosaki's audacious Bitcoin forecasts only heighten the already-heated debate over investing in cryptocurrencies. His message is quite clear, regardless of whether Bitcoin's trajectory matches with his projections or not: market dips provide chances for people focused on the wider picture.