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Robert Kiyosaki expects Bitcoin to dip to $60K

Robert Kiyosaki expects Bitcoin to dip to $60K

Grafa2024/12/02 10:10
By: Mahathir Bayena
BTC+0.04%XOLDTOKEN0.00%

Robert Kiyosaki, the author of Rich Dad Poor Dad, has cautioned that Bitcoin's (CRYPTO:BTC) price could fall to $60,000 before experiencing a longer-term surge.

In a recent post on social media platform X, Kiyosaki wrote, “Bitcoin to crash,” suggesting that Bitcoin may drop as it struggles

“That means BTC may crash to $60K,” he added.

Despite his warning, Kiyosaki remains optimistic about Bitcoin's future.

He made it clear that he would not sell his Bitcoin holdings if the price were to drop, viewing the potential dip as an opportunity.

“If and when that happens, I will not sell. BTC will be having a sale. I will buy more,” he stated.

Kiyosaki also reaffirmed his belief in Bitcoin's long-term potential, forecasting that the cryptocurrency could reach $250,000 by 2025.

He emphasised that, at this stage, acquiring more Bitcoin is more crucial than worrying about short-term price movements.

“At this stage of the BTC process … price is not as important as how many BTC you acquire. I want more BTC,” he explained.

These remarks follow Kiyosaki’s earlier statements advocating for Bitcoin, gold, and silver as ways to protect against fiat currency devaluation.

Last week, he predicted that Bitcoin would soon surpass $100,000 and warned that failing to invest early would leave the middle class behind.

“Once bitcoin breaks $100,000, ONLY the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford bitcoin of any consequence,” he wrote.

Kiyosaki has long positioned Bitcoin as a safeguard against economic instability and inflation, citing concerns over the U.S. national debt and the potential for dollar devaluation.

At the time of reporting, the Bitcoin (BTC) price was $97,119.58.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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