The Rich Dad Poor Dad author predicted Bitcoin would “collapse” to $60,000 but advised investors to purchase.
Other experts think Bitcoin went stratospheric. Bullish projections are flowing in, with 2024 objectives of $250,000 and long-term $13 million. Market fundamentals, institutional acceptance, and liquidity growth fuel confidence. Other macroeconomic developments, like a Trump Bitcoin reserve, boost bullishness. Solv Protocol, inspired by MicroStrategy’s Bitcoin yield and corporate development strategy, intends to turn Bitcoin into an active DeFi asset.
The famous Rich Dad Poor Dad author Robert Kiyosaki predicted that Bitcoin (BTC) may “collapse” to $60,000. Kiyosaki is hopeful despite this impending decline. He wants to purchase more Bitcoin amid a downturn, not sell.
CoinMarketCap reports Bitcoin trading at $97,561 at press time. On Nov. 22, the crypto hit an all-time high before falling to $90,742. Bitcoin’s volatility and long-term potential resurfaced with this price swing.
Kiyosaki emphasizes accumulation above short-term price volatility, unlike Galaxy Digital CEO Mike Novogratz. He said Bitcoin’s number mattered more than its price right now.
Kiyosaki has supported ultra-bullish projections like MicroStrategy CEO Michael Saylor’s $13 million Bitcoin estimate. He also mentioned an undisclosed AI algorithm forecasting Bitcoin would reach $500,000 by 2025.
Other Bitcoin projections say the crypto might reach $250,000 in 2024 or $150,000 by reproducing its 2023 price performance. In an interview with Wealthion, Fundstrat Global Advisors co-founder and head of research Tom Lee said Bitcoin’s price cycles, notably those of block subsidy halving occurrences, justify these aggressive ambitions. Lee believes the “sweet spot” of Bitcoin’s bull run has begun, with supply cuts driving an enormous price rise over the next year.
A new U.S. government might be a game-changer, and Lee proposed a Bitcoin reserve plan that could legitimize the cryptocurrency. Lee compared Bitcoin as a balance-sheet asset to MicroStrategy, which created huge shareholder value. Lee is not the only Bitcoin enthusiast; social media commenters like The Bitcoin Therapist shared his view.
Meanwhile, some experts remain optimistic. Trader Dave The Wave said Bitcoin may hit $150,000 by matching its 186% increase between October 2023 and March 2024. Given Bitcoin’s history and market characteristics, he said this price spike was possible.
Cycling supply dynamics, institutional tactics, and market sentiment show that cryptocurrency’s potential for six-figure prices is expanding.
Also Read: Anthony Pompliano Discloses the Risk of MicroStrategy’s “Bitcoin Strategy”
