Renowned author and investor Robert Kiyosaki is a strong supporter of the cryptocurrency industry, especially Bitcoin. He often shares his thoughts and predictions on the market, reflecting his skepticism towards traditional financial institutions like the Federal Reserve.
In a recent post on X (Twitter), Kiyosaki confirmed his commitment to holding BTC, gold, and silver. While he previously predicted that the leading cryptocurrency would reach $350,000 by X, a prediction that did not come true, he now forecasts that Bitcoin will rise to $100,000 by X and ultimately reach millions by 2024.
Kiyosaki expects an imminent severe financial market crash that will impact Bitcoin and other valuable assets. According to his post, technical charts indicate an upcoming downturn that will affect real estate, stocks, bonds, gold, silver, and Bitcoin.
Following his prediction, the cryptocurrency market experienced a downturn. Bitcoin dropped to a four-month low of $57,383.78, falling 24% in the past 4 hours. This decline was driven by events such as BTC ETFs and anticipated outflows of funds from Mt. Gox, leading to significant sell-offs.
Altcoins surged against the trend, causing market losses. This decline also impacted the global market cap, falling to $2.12 trillion, the lowest level in five months.
Despite anticipating a major market crash, Kiyosaki views it as a buying opportunity. He expects the occurrence to last until the end of 2025. The onset of a bull market will boost asset prices in the coming years. He predicts gold prices to reach $15,000 per troy ounce, silver prices to reach $110 per troy ounce, and Bitcoin prices to reach $100,000 per troy ounce. Kiyosaki attributes these potential benefits to the collapse of fiat currencies, which he refers to as “fake money.”
However, given the current liquidity issues and the possibility of such high valuations, Kiyosaki’s prediction of Bitcoin reaching $100,000 is met with skepticism from cryptocurrency investors.