Join Our Telegram channel to stay up to date on breaking news coverage
Renowned Bitcoin advocate and ”Rich Dad Poor Dad” author Robert Kiyosaki has predicted that Bitcoin will crash to $60,000 – and if it does he will buy more BTC.
Kiyosaki said in a post on X on Dec. 1 that Bitcoin stalling short of $100k is a signal that the king of cryptos may ”crash to $60k.”
But he framed such a development as an opportunity and said that if it comes about ”I will buy more.”
BITCOIN to CRASH
Bitcoin is stalled short of $100k. That means BTC may crash to $60k.
If and when that happens I will not sell. BTC will be having a sale. I will buy more.I predict Bitcoin will settle around $250 in 2025.
At this stage of the BTC process… price is not…
— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024
Despite his bearish short-term outlook, Kiyosaki remains upbeat on Bitcoin‘s longer-term prospects, reiterating his projection for a price target of $250,000 by 2025. Late last month, he also made a point of noting his agreement with MicroStrategy’s Michael Saylor on a potential longer-term target of $13 million for Bitcoin.
Robert Kiyosaki Stays Bullish On Long-Term Prospects
Interestingly, Kiyosaki’s post on December 1 contradicts his sentiment from the previous day, when he predicted that BTC was about to hit $100,000 and followed up the prediction by telling followers to act on “FOMO” (fear of missing out).
Consistent with his broader narrative, he also continues to point to Bitcoin, along with gold and silver, as assets which will safeguard wealth while fiat currencies drop in value over time, emphasizing his belief that “cash is trash.”
As Kiyosaki says, Bitcoin’s recent price movement shows it struggling to pass $100k. After reaching $95,358, BTC fell a little more than 3% over the past week, pulling back from being just about $4,000 short of its all-time high. Nevertheless, it remains up 115% year-to-date, reflecting its strong overall performance.
Whether Bitcoin retraces to $60,000 or surges to $100,000 in the short term, Kiyosaki’s fundamental stand remains unchanged: Bitcoin remains a key asset for long-term wealth preservation.
Related Articles
- Michael Saylor Urges Microsoft To Invest In Bitcoin,
- Bitcoin Flirts With $100K, Crypto All Stars Surges Past $7 Million
- Helium Mobile Binance, Coinbase Listing Empower Pepe Unchained
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
