According to the forecast of Robert Kiyosaki, if the first cryptocurrency fails to reach new historical highs in the near future, investors should expect a strong drop in BTC to $60,000. However, the investor himself does not consider this a failure or the collapse of Bitcoin – on the contrary, he sees this as an opportunity purchase even more coins for long-term storage.
“Bitcoin is stuck falling short of $100,000. This means BTC could crash to $60,000. If that happens, I will not sell my coins. On the contrary, I will buy more of them on sale,” Kiyosaki wrote.
In general, the entrepreneur maintains an optimistic forecast for Bitcoin. Kiyosaki believes that the BTC rate will rise significantly in the coming months, and in 2025 the first cryptocurrency will trade at $250,000. Previously, a finance expert predicted that Bitcoin would reach a record high of $500,000 in 2025. Apparently, Kiyosaki now considers this unlikely.
An investor recently wrote that those who own just three financial assets can become rich: gold, silver and bitcoin. And the people who continue to hoard US dollars, pesos, yen, euros and Canadian dollars will become poor. Kiyosaki called cash “garbage” and once Bitcoin surpasses $100,000, poor and middle class people will no longer be able to keep up. Only corporations, banks and public investment funds will be able to afford the purchase of Bitcoin on any scale.
Earlier, Kiyosaki urged people not to rely on pension funds and invest in Bitcoin in order not to be poor in retirement and to ensure a decent life in old age.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
