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Finbold 2024-11-30 11:25:07

R. Kiyosaki predicts what will happen after Bitcoin hits $100,000

R. Kiyosaki predicts what will happen after Bitcoin hits $100,000

As Bitcoin ( BTC ) lingers below the $100,000 mark, financial educator and author Robert Kiyosaki has predicted a possible shift in the asset’s ownership once the six-figure milestone is attained. Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ believes that if this record high is achieved, it will be almost impossible for the average person to catch up, as he said in an X post on November 30. According to Kiyosaki, the real shift will occur once Bitcoin reaches $100,000. At that point, only the ultra-wealthy will have the financial power to acquire significant amounts of the maiden digital asset. He warned that the rich will get richer while the poor and middle class will fall further behind in such an environment. To this end, Kiyosaki stressed the importance of ‘Fear of Missing Out’ ( FOMO ), urging investors to act before the asset becomes more expensive. “The people who save Gold, Silver. Bitcoin. I own all three financial assets. 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. FOMO is good. Don’t be left behind,” he said. While Kiyosaki is advocating for FOMO, this psychological effect can lead to poor financial decisions , such as spending beyond one’s means or making impulsive choices, potentially resulting in losses, especially if Bitcoin doesn’t perform as expected. Kiyosaki’s Bitcoin price prediction Notably, in anticipation of Bitcoin’s price growth, Kiyosaki has made a bold prediction , noting that the asset could reach a valuation of $500,000 by 2025. However, he clarified that this forecast comes from an unnamed artificial intelligence (AI) platform, not his analysis. Kiyosaki had previously forecasted that Bitcoin would hit $300,000 in 2024. Overall, the financial educator has maintained that Bitcoin is an ideal asset for wealth protection, as he predicts a possible massive economic crash. In addition to Bitcoin, the author has maintained that gold is another alternative while stressing that there should be no debate about which asset is better. Bitcoin price analysis Bitcoin was trading at $96,280 by press time, correcting by less than 0.1% in the last 24 hours. The asset has shown weakness in the past week, down over 2%. Bitcoin seven-day price chart. Source: Finbold As things stand, Bitcoin is bearish at a time when the asset’s technical setup and fundamentals, such as institutional interest, have soared—factors that were anticipated to help push the asset to a six-figure valuation. Currently, the focus is on Bitcoin holding the $95,000 support level. Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted. The post R. Kiyosaki predicts what will happen after Bitcoin hits $100,000 appeared first on Finbold .

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