Although the Ethereum (ETH) price has been trapped in a five-year consolidation, Robert Kiyosaki, author of Rich Dad Poor Dad, has predicted a parabolic rally after an imminent stock market crash.
Kiyosaki predicted that the ETH price could experience a meteoric rise to $95,000 a year after the ‘biggest bubble bust’ in history, according to his X post analyzed by Finbold on June 30. Kiyosaki predicted that a global financial crisis is on the horizon and could be the catalyst that propels Ethereum into an exponential bull market.
“I do not know what pin, what event will pop the biggest bubbles in history. Whatever the event, the pin is near. It’s not if. It’s when,” Kiyosaki stated.
The financial educator stated that Ethereum is poised to benefit significantly alongside Bitcoin (BTC), Gold, and Silver. Notably, he predicted that the gold price could reach $35,000/oz, the silver price $200/oz, and the Bitcoin price $750,000.
Why is Kiyosaki bullish on Ethereum Price?
Kiyosaki could be predicting a monster rally for ETH after the imminent stock market crash, given the altcoin’s institutional demand. For instance, 40.3 million Ethereum has already been staked, representing about 33.3% of the total circulating supply, according to data from CryptoQuant.
Kiyosaki’s bullish outlook for ETH is partially fueled by notable cash inflows into United States Ethereum ETFs (Exchange-Traded Funds), as per metrics from SoSoValue. At the time of reporting, the U.S. spot ETH ETFs had registered a net cash inflow of approximately $10.87 billion, led by BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH).
Meanwhile, BitMine Immersion Technologies Inc. (NYSE: BMNR) has led more than 30 entities in accumulating over 7.7 million ETH, representing 6.39% of the total circulating supply, according to updates from CoinGecko. With the Clarity Act, a U.S. bill that would establish clear rules for the cryptocurrency industry, anticipated to be enacted in the near term, Kiyosaki’s prediction is bolstered by Ethereum’s strong fundamentals.
