Robert Kiyosaki backs Michael Saylor’s Bitcoin projection, predicting that BTC might reach $13 million. He claims that purchasing 0.01 BTC now is a better investment than incurring tuition debt for an MBA.
Robert Kiyosaki, the author of Rich Dad Poor Dad, supported Michael Saylor’s Bitcoin forecast on November 20, 2024, predicting that Bitcoin may reach $13 million per coin.
He contrasted Bitcoin’s potential to traditional education expenditures, noting that “Bitcoin today is $90,000. If Saylor’s prediction is correct, you may purchase it for $9,000 today. If you buy one Bitcoin now, you will be a billionaire by tomorrow.”
His comment came after a debate between Saylor and Patrick Bet-David, during which Bet-David questioned MicroStrategy’s long-term valuation, which has since been relaunched as Strategy. Bet-David’s estimates revealed that if Bitcoin hits $13 million, MicroStrategy might become a $10 trillion firm within two decades.
Can Bitcoin Hit $13 Million?
Saylor defended the projection and explained the mathematics underlying it. “Multiply 13 [million] by 90,000, and you have a tremendous amount,” he stated on November 19, 2024. He stated that if Bitcoin’s adoption rate grew from 0.1% now to 7% globally, demand would skyrocket, resulting in a large price increase. Given Bitcoin’s finite quantity of 21 million coins, such adoption levels might push prices into the millions per coin.
Bitcoin Versus an MBA: Which Is More Valuable?
Kiyosaki also attacked student debt, claiming that investing in Bitcoin may be a better financial move than taking out loans for an MBA.
“It’s better than getting into debt for a $50,000 school loan…Studying for years for a flimsy MBA. Invest in Bitcoin now to improve your intelligence. I am.”
Kiyosaki compared Bitcoin’s potential to the cost of a Master of Business Administration (MBA), claiming that investing in Bitcoin may offer considerably better returns without incurring debt. The average cost of an MBA at a major US university is between $50,000 and $200,000. Harvard Business School tuition is $84,000 each year, for a total of around $168,000 over two years. Stanford’s MBA program costs $82,000 per year and has comparable overall expenses. Many graduates leave school with student debt ranging from $66,000 to $120,000, with no certainty of return on investment.
Kiyosaki stated that rather than taking out immense school loans for a degree that may not lead to financial success, buying 0.01 BTC for $9,000 today might be a better long-term financial option.
Bitcoin has already gained 87% in the last year, but hitting $13 million will need a revolution in world banking. Saylor forecasts that Bitcoin will see widespread institutional adoption, hyperinflation in fiat currencies, and increased demand due to scarcity.
Also Read: Institutional Bitcoin and Ethereum Interest Weakens Awaiting Policy Changes
