The famous author predicted that BTC price would significantly skyrocket if his preferred candidate wins the U.S. presidential election.
Robert Kiyosaki, a famous American businessman and the author of popular financial book Rich Dad Poor Dad, has predicted that bitcoin (BTC) would reach $105,500 by August 2025.
In a recent post on X, Kiyosaki expressed confidence that the price of BTC will skyrocket next year. The businessman has consistently advocated for bitcoin, often highlighting the significance of investing in assets independent of fiat currencies.
He mentioned that the projected price would be accurate if the U.S. presidential candidate, Donald Trump, secures victory in the November election.
The financial expert further attributed the price speculation to Trump’s objective of devaluing the U.S. dollar. This devaluation is accomplished when the Federal Reserve reduces interest rates, resulting in a cheaper U.S. dollar in foreign exchange markets. Consequently, imports become more costly, while exports become modest.
Opportunities if the Dollar is Weaken
Kiyosaki also noted that if elected, Trump would pursue oil drilling, unlike the current president’s decision to close the Keystone XL Pipeline, which has increased oil prices from $30 to $130 per barrel.
The concept is that a devalued dollar and expanded oil drilling would generate more local employment opportunities and enable Americans to invest more in assets such as gold, silver, and Bitcoin.
“A weaker dollar will increase exports, create jobs, open new factories and make gold, silver, Bitcoin, stocks, and real estate, rise in price,” Kiyosaki said.
Can BTC Reach These Marks?
With bitcoin’s unpredictable swing, Kiyosaki previously predicted that BTC would reach $350,000 next month, citing the incompetence of the U.S. leaders.
Shortly after Kiyosaki’s prediction, Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, said that BTC could hit $150,000 if Trump wins the upcoming election.
