Popular American businessman and author Robert Kiyosaki, best known for his bestselling book Rich Dad Poor Dad, has made another bold prediction about the world’s largest cryptocurrency.
The entrepreneur recently expressed his confidence that bitcoin’s (BTC) price could surge between $170,000 and $350,000 this year. The businessman has consistently advocated for BTC, highlighting the significance of investing in the asset.
Kiyosaki Believes BTC Will Hit Significant Prices
This prediction, backed by his extensive financial knowledge and experience, has led him to forecast a potential surge in BTC’s price this year. Over the years, Kiyosaki has made several predictions concerning the asset’s price. For instance, on June 6, 2024, the renowned author believed BTC would hit $350,000.
The entrepreneur predicted that the leading crypto asset would reach $105,000 by August 2025. He also noted that the projected price would be accurate if the United States presidential candidate, Donald Trump, won the election.
The financial expert further attributed the price speculation to Trump’s objective of devaluing the US dollar. This devaluation is accomplished when the Federal Reserve reduces interest rates, resulting in a cheaper US dollar in foreign exchange markets. Consequently, imports become more costly, while exports become modest.
Despite the downturn in the crypto market, Kiyosaki reaffirmed his optimistic outlook on BTC. He noted that “it is never too late to acquire bitcoin,” expressing his confidence in the asset’s long-term potential.
His comment came as many investors sold off their holdings in response to economic uncertainty. However, Kiyosaki’s commitment to the digital asset remains unchanged.
A $1 Million Price Prediction
Like Kiyosaki, other bitcoin lovers have forecasted the potential price of BTC. Eric Trump, son of US president-elect Donald Trump, also believed BTC would reach $1 million. He made this prediction at the Bitcoin MENA conference, a top-tier crypto event held at the ADNEC Centre in Abu Dhabi, UAE. The conference featured notable speakers like Steve Wiktoff and Binance founder Changpeng Zhao.
Bitcoin champion Michael Saylor defended the asset against opposing opinions to clarify Bitcoin and its benefits. He further noted that Bitcoin is an economy, not a Ponzi scheme, and is the best strategy for strengthening the US economy and solving its debts.
Meanwhile, at the time of publication, BTC had a market cap of over $1.9 trillion and was changing hands with over $96,700. However, the asset has witnessed several declines over the past week.
