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‘Rich Dad’ R. Kiyosaki says Bitcoin will shoot up to $150K after ETF

‘Rich Dad’ R. Kiyosaki says Bitcoin will shoot up to $150K after ETF

While Bitcoin (BTC) has always been a focal point of interest for the crypto community and for those only slightly interested in cryptocurrencies, with various forecasts for its future – both in terms of price and utility – recent months have been particularly rife with hope and speculation.

The most recent round of BTC discussions has largely been driven by the upcoming halving and broad expectations that, after many years of waiting, the SEC will approve a spot Bitcoin exchange-traded fund (ETF) – possibly as soon as Wednesday, January 10.

Amidst the intensified talk and trading, long-time proponent of the world’s foremost cryptocurrency and author of the best-selling personal finance bookRich Dad Poor Dad,’ Robert Kiyosaki, opined in a January 10, 2024 X post that Bitcoin will shoot up as high as $150,000.

In the same tweet, Kiyosaki also expressed his contentment with the fact that he bought Bitcoin multiple years prior and reiterated his belief in the value of gold and silver – and a lack of faith in the U.S. dollar.

Kiyosaki lauds gold and silver, calls dollars “fake”

The author’s tweet didn’t solely focus on Bitcoin, as he also stated that gold will soon start rising in value swiftly and significantly as Central Banks start to “buy, store, and never sell.” 

When it comes to silver – another asset Kiyosaki is known for promoting – the tweet explains the commodity will “crash as silver stackers sell to pay bills.” The author explained this will happen due to pressure stemming from high inflation but stated that it is, in fact, good news as it will allow investors to buy the precious metal for cheap.

In general, Kiyosaki described his price forecasts as altogether good news – except for the American currency, which he described as “fake.” Concluding the post, he stated that he “will be buying more gold, silver, & Bitcoin with fake dollars.”

BTC price analysis

In the last 24 hours, Bitcoin experienced significant volatility after the X account of the SEC was compromised and falsely tweeted that all relevant ETF applications had been approved.

The message, though quickly corrected, briefly sent BTC close to $48,000 before whipsawing toward $45,000. At the time of publication, the cryptocurrency’s 1-day price decline amounts to 2.18%, and its value stands at $45,592.

BTC 1-day price chart. Source: Finbold

While zooming out can’t confirm Kiyosaki’s prediction of a surge to $150,000, it makes evident that the current optimism is well-founded. Not only can Bitcoin expect a string of good news in the coming months, but its crypto market performance has generally been strong.

The world’s foremost cryptocurrency rose 3.95% in the last 30 days and as much as 161.06% in the last 52 weeks. Throughout the period, it has retained its top spot as the largest such asset and commands a market cap of $890 billion.

Featured image via Kitco YouTube

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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