Bitcoin to $120k next year - by Robert Kiyosaki

[joker_josue]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.


https://twitter.com/theRealKiyosaki/status/1678652054951317504

What do you think of this type of predictions? Do you feel the market moving in that direction?


It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

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[tranthidung]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.

He is realistic with his tweet and that target price for Bitcoin in 2024. No one can say surely about future but that target price is only x2 from Bitcoin all time high in 2021 so it is realistic.

Kiyosaki did not make a bullshit call like Balaji Srinivasan Explains $1M Bitcoin in 90 days

If an investor has belief that Bitcoin will not die ^[1], I believe it will not too, holding bitcoin till 2028 or 2032 will be a very great choice.

^[1] “Bitcoin Is Dead” - The #1 Database of Notable Bitcoin Skeptics

[Charles-Tim]

What will ruin the price of USD? It is still the most valuable fiat till now. I can understand that we should not hold fiat, that is correct and accurate because fiat depreciate in value. Among all fiat, I still prefer USD the most which some people can prefer after a massive bull run for short term holders.

Bitcoin is an appreciative asset and a store of value if you can hold it for long term. If anyone will tell me that bitcoin will reach all-time-high by 2024 to 2025, hit six digits and more uptrends, I will not doubt that because bitcoin has been an appreciative asset right from time.

If you take a trip down memory lane, you will understand that there are bull run periods and bear market periods. 2024 and 2025 are another bull periods. Starting from next year, we should expect increase in the price of bitcoin. There are many whale celebrities and institutional investors that are now pointing towards these period of 2024 and 2025. It should be another opportunity which should not be missed.

[nelson4lov]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.


What do you think of this type of predictions? Do you feel the market moving in that direction?


It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

I knew I've heard that name before so I did a quick Google search. While it's important not to take his opinions at face value, we can't deny the fact that interesting times are ahead for Bitcoin and interestingly, if the BRICs alliance (Brazil, Russia India, China and South Africa) rumors are true and they go ahead to launch their own world currency, then that's a problem for USD. I see this as an opportunity for Bitcoin to grow. It's very important that we position ourselves for whatever turns of the event.

Certainly, interesting times are ahead for Bitcoin.

[Nwada001]

What do you think of this type of predictions? Do you feel the market moving in that direction?

If I understood him correctly, I see this type of prediction as something that is attached to the devaluation of the US dollar. Which is when inflation hits it too hard, the dollar will be devalued, making 1 dollar not equal to a dollar again, and as a result of that, the price of Bitcoin needs to go up in USD in order for it to match the current value. If that's what he means, then his prediction will only be possible when the dollar value reduces.
 
But aside from that, I still believe Bitcoin could possibly do close to that amount; there are a lot of possibilities that could make that happen.

[Charles-Tim]

I knew I've heard that name before so I did a quick Google search. While it's important not to take his opinions at face value, we can't deny the fact that interesting times are ahead for Bitcoin and interestingly, if the BRICs alliance (Brazil, Russia India, China and South Africa) rumors are true and they go ahead to launch their own world currency, then that's a problem for USD. I see this as an opportunity for Bitcoin to grow. It's very important that we position ourselves for whatever turns of the event.

We do not need to associate fiat to the reason bitcoin will grow like you meant in your statement. 2024 and 2025 are years that many crypto enthusiasts have been waiting for. If bitcoin increase in price, not because of BRICS alliance or whatever you called them. If something like that do not exits, bitcoin price will increase. If USD price do not fall, bitcoin will increase in price.

Among the foreign reserve currencies, USD makes up 60% as of this year while Euro makes up of 20%. That is 80%. Among the country that you mentioned, Chinese Yuan makes up of 3% of foreign reserves, which is the highest among them. The money that Russia, Brazil, India and South Africa are spending are under the remaining foreign reserves which do not make up to 8% after excluding Pounds Sterling.

I do not know the type of alliance they want to form, but know that I do not yet see it as any threat to weaken USD and EUR as the world's reserve currencies.

[tranthidung]

If I understood him correctly, I see this type of prediction as something that is attached to the devaluation of the US dollar. Which is when inflation hits it too hard, the dollar will be devalued, making 1 dollar not equal to a dollar again, and as a result of that, the price of Bitcoin needs to go up in USD in order for it to match the current value. If that's what he means, then his prediction will only be possible when the dollar value reduces.

Inflation of a national fiat currency will make price of all things in that nation skyrockets like in Venezuela and some other nations.

However the US. dollar will not devalue terribly like Venezuelan bolívar as they have FED. to somewhat control the inflation. They make inflation but not at a speed in Venezuela and the US. dollar is not hyperinflated like Venezuelan bolívar.

Worthless currency turns into bags of money

a bullshit call like Balaji Srinivasan Explains $1M Bitcoin in 90 days

I laughed a lot when I read that bullshit call. Because if Bitcoin hits $1M within 90 days from March 2023 price, the world should be in a very serious situation which I don't want to live in.

[KiaKia]

This is very realistic price and master kiyosaki have my respect on this, other big men in this crypto world are splitting out nonsense price per Bitcoin in 2024 - 2025, and I believe that it's possible they are doing it intentionally, so that even if Bitcoin is at 120k many will continue to buy, targeting 500k per BTC or 1 million dollars per BTC.

If you are wise and you lack how Bitcoin chart works, start taking profit at 80k, I don't believe that Bitcoin will do extremely well over 100k, it's just my prediction I could be wrong, but this is indeed the plan I have and 80k is where I will start taking profits.

[Wend]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.

What do you think of this type of predictions? Do you feel the market moving in that direction?

We can also predict the bitcoin price in 2024 because that is the halving time, and a bitcoin price increase is the expectation of all of us. I think we don't need to hear anyone's prediction because that's what almost everyone can see.

But I doubt his prediction on USD, I don't think something strong enough to pull USD down and cause US economy to crash in such a short time. I don't like the USD to rule the world for too long, but making unrealistic predictions is unacceptable.

[ajiz138]

It is very possible that the price is not too far from the previous ATH because of course there will be multiples if it peaks at the new ATH again, it is realistic indeed when someone says 100K - 150K are still very possible, I think it is necessary to be optimistic for the next ATH.

The dollar is too strong worldwide circulation is quite a lot, it is difficult to fully say the dollar will die when there is still a lot of world trade using the dollar, I know there are always those who fry the news about the dollar that will soon collapse because of the presence of BRICS, but for me it will not be too fast because the dollar will definitely be maintained.

[goaldigger]

Are we still safe when USD started to collapse? I mean will USA will easily allow this one?
There's no doubt about Bitcoin and I'm happy that I still have time to prepare for this, I'm just scared what will be the scenario if USD will totally be replaced by other currency. Let's be more optimistic and wish for a more peaceful pump, and hope that USD can recover as well. I'll bet on this one, Robert is very positive with BTC.

[Nwada001]

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a bullshit call like Balaji Srinivasan Explains $1M Bitcoin in 90 days

I laughed a lot when I read that bullshit call. Because if Bitcoin hits $1M within 90 days from March 2023 price, the world should be in a very serious situation which I don't want to live in.

The prediction is actually laughable. I just finished reading the entire article, and the 17th of June has already passed, which is already bad news for the predictor. Maybe he was drunk when he made such a prediction. Because it will take more decay from now for Bitcoin to see close to that prediction unless the US dollar expires in a similar case like that of Venezuela,  which is never going to happen as the US government has ways of manipulating and keeping its currency a bit in control.

[tranthidung]

The prediction is actually laughable.

It is not a prediction but a bullshit because it was not based on anything. A prediction must be based on past cycles, multipliers in past bull runs and a kind of model with consideration that when price becomes higher, future bull runs will be smaller.

Because it will take more decay from now for Bitcoin to see close to that prediction unless the US dollar expires in a similar case like that of Venezuela,  which is never going to happen as the US government has ways of manipulating and keeping its currency a bit in control.

If Bitcoin exponentially rises to $1M within 3 months, what will be a cost for a cup of coffee? $1,000 for a cup of coffee because US. dollar at the time is almost zero value. Like what actually happened in Venezuela.

[hugeblack]

I respect Robert T Kiyosaki as an economist and as a writer of one of the best and most important books for anyone who wants to read about the economy, but his predictions for the price of bitcoin may not be accurate and should not be taken as investment advice or as a green signal for anyone who wants to buy bitcoin.

I can give you a sample of two tweets, one of which has acceptable accuracy, and the other is far from reality.

I also found this chart^[1], and I do not know if it is accurate, but the most important point is that his predictions are not as accurate as his skill in writing. With all respect to him.

[1] https://www.newsbtc.com/news/bitcoin/why-rich-dad-poor-dad-author-will-wait-for-bitcoin-to-drop-to-1100-before-buying-more/

[jossiel]

Robert is a known bull to Bitcoin and that's why every prediction that he gives is going to be positive. Like I'm all in with that and halving is going to happen next year.

We even thought that $100k was about to happen on the last bull run but it fell shortly. We don't know how huge is going to be the next bull run after the halving so, it's only a difference of time when.

[Asuspawer09]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.


https://twitter.com/theRealKiyosaki/status/1678652054951317504

What do you think of this type of predictions? Do you feel the market moving in that direction?


It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

If you're going to check the price projection on every Bitcoin halving we could always expect the market price of Bitcoin to skyrocket, the price around 120k$ was pretty realistic honestly we could expect an even higher than that but its a giant leap and probably a giant bubble, 2024 probably going to start around the bear months we can expect the skyrocket of the market price 2024 bear months up to 2025 is going to be huge on Bitcoin since we're having a bitcoin halving event next year and the all-time high was just amount 70k$ it wasn't even x2.

I mean we see Bitcoin from 2$ to 1000$ which is a pretty giant leap so even a million dollars is possible at some point, the market is getting a lot of momentum at the moment it is available to stay around 30k$ for a long time it might drop a very low percentage in the coming weeks but to be honest I think any kind of good news or article of Bitcoin could already trigger the price to skyrocket up to 40k$ at any moment.

[Nrcewker]

What do you think of this type of predictions? Do you feel the market moving in that direction?

Right now market is very unpredictable. It’s rising suddenly and in the next week again crashing. We might see clear visuals at the end of September, as at that time of the year, market shows some stability. Moreover if you ask me regarding the prediction, then we all know that Bitcoins follow a 4 year cycle pattern to reach all time high price and next year is the 4th year. Bitcoins last ATH was around 69k usd, so yes there are high probability that we will see Bitcoins touching 100k usd. Let’s hope for the best.

[Dunamisx]

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.


https://twitter.com/theRealKiyosaki/status/1678652054951317504

What do you think of this type of predictions? Do you feel the market moving in that direction?

I cannot underestimate the rate of how bitcoin can move and the speed it could take while moving at the pace of such momentum over next bullrun coming 2024 first half, the role of need has a significant impact together with the upcoming halving next year, there's this assurance in bitcoin that it will surely rise and get a new all time high even without the effect of the influence received from the news bitcoin will always mark a new high every four years, we can see it getting to $120,000 and beyond, we cannot concluded base on the present market trend, but history and value on bitcoin for it demands will always make it rise and needed always.

[famososMuertos]

This guy has always had "Schrödinger" predictions bitcoin is right, bitcoin is wrong, I mean it's the kind of prediction that leaves us feeling like he just wants to be in the media eye.

Great writer, he has his bestsellers, but rich dad poor dad is an example of where he wants to be when it suits him.

From the title I thought that he had written the book rich dad poor dad Bitcoin version, that would be relevant news, well at least for me.

Ah!, Yeah bitcon+100k , soon we will see this price!

[m2017]

It doesn't take a genius to make such predictions about bitcoin. The halving is approaching, which, traditionally, has a positive effect on the price increase. Also, a bullish trend is coming, which will probably begin at the end of 2024, as this man predicts (this event will happen not for the reason that he said so, but because it has always been so before). Why are you ready to squeal with joy and believe the forecasts of such personalities as Kiyosaki? Their forecasts are no different from the weather forecast: it may or may not be sunny tomorrow. The same goes for "the dollar will ruined." It may happen (for sure, not in the near future), or it may not happen. Such predictions should be treated with a great deal of skepticism, because these predictors know absolutely nothing about exactly how events will develop, especially in the financial sector (the dollar will collapse) and in the cryptocurrency market (about bitcoin).

The price of $100k-120k for bitcoin is quite real during the new bullrun (if there are no unforeseen circumstances in the global economy) that should occur. I assume that this mark will be reached with a probability of 90% (something like this).