Robert Kiyosaki Warns of Bitcoin Crash to $60,000 Before Potential Rally

Robert Kiyosaki, renowned author of Rich Dad Poor Dad, has raised concerns about Bitcoin’s trajectory as it struggles to breach the $100,000 threshold.

He warned that if the cryptocurrency doesn’t achieve new record highs soon, it could retreat to $60,000. However, Kiyosaki sees such a drop not as a setback but as an opportunity to accumulate more Bitcoin at a discounted rate.

In a recent post, Kiyosaki reiterated his bullish stance, forecasting that Bitcoin could climb as high as $250,000 by 2025. This follows previous predictions of $500,000 for 2024, though he acknowledges some earlier estimates may fall short.

Kiyosaki encouraged investors to seize the chance to buy Bitcoin now, warning that prices above $100,000 might push the asset out of reach for most individuals, leaving ownership concentrated among the ultra-wealthy.

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Bitcoin No Longer Offers Quick Riches, Expert Says

Despite cautioning against fear-based buying strategies, Kiyosaki maintains that Bitcoin is a critical hedge against financial instability, alongside traditional safe havens like gold and silver.

However, not everyone shares his optimism. Trader Peter Brandt has suggested that Bitcoin’s potential for massive profits may be diminishing as its bull cycles lose momentum.

Kosta Gushterov