Bitcoin to $120k next year - by Robert Kiyosaki

[boyptc]

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

He is a big basher of the banks. He is for me, the biggest anti-dollar, and in his videos, he always says that the dollar already lost it's value in 1971 when Nixon ended the conversion between Gold and USD.

I agree, he always keep on saying hate words against the US dollars. But you know what? He's still using them and even leveraging it to expand his assets.

He's into gold, silver, real estate and even Bitcoin. For someone like him, it wouldn't be a surprising thing to be said that we'll hear a high price prediction in the future for Bitcoin.

There are still people that doesn't like him because with how he's good in selling his book and himself. But I randomly likes to listen some of his stories being brought into his videos.

[Joshapat]

I think the price potential will soon reach $ 120k or even more in the next year due to many factors, of course the most influential main factor is the halving day which will make bitcoin easily go up 200% in a short time, if at the end of this year it can close at least $ 60k then I'm sure and optimistic that $120k will occur before the 2024 halving day.

[ScamViruS]

I think the price potential will soon reach $ 120k or even more in the next year due to many factors, of course the most influential main factor is the halving day which will make bitcoin easily go up 200% in a short time, if at the end of this year it can close at least $ 60k then I'm sure and optimistic that $120k will occur before the 2024 halving day.

Such positive thinking will drive Bitcoin higher in the years to come, and one day Bitcoin will achieve this target. In the area where Bitcoin is currently trading, this price was once a big deal to many Bitcoin investors. But we achieved a bigger target in the last bull market. So it is easily conceivable that after the next halving we could see another huge bull market and achieve the $120k target.

But the market will not go to that target overnight. Before this, the market will correct again to drive weak, impatient investors out of the market. So optimistic investors must know how positive the Bitcoin market trend can be in the coming years, and how to prepare for the next bull market.

[letteredhub]

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

He is a big basher of the banks. He is for me, the biggest anti-dollar, and in his videos, he always says that the dollar already lost it's value in 1971 when Nixon ended the conversion between Gold and USD.

Anyone is entitled to making his or her own opinions but from all we know the US dollar is one of the world highest currency reserves for many countries and losing its value in the way he had explained is something I doubt. There has been may speculations about the future of bitcoin price by 2024 and this has raised much hopes in the minds of bitcoin enthusiasts to what 2024 could bring in for us. 120k price for Bitcoin is possible checking the last bitcoin ATH and 120k is just a double of the ATH nevertheless am speculating a closer price to 120k by the end of 2024.

[SirLancelot]

and that in 2024 bitcoin will be worth $120k.

If this is coming from Robert Kiyosaki I won't be surprised because has a soft support for bitcoin unlike Warren buffet who saw bitcoin to be a bubble that will soon burst to tin air. Robert after writing his book rich dad poor dad has grown in he preaches for wealth creation. Predicting $120k for bitcoin in 1- 2years time is very reasonable if we look at the last ATH @64k, so it is very likely to happen with the rate of value it holds with institutions and whales that are accumulating while some are waiting for a drop before the real bull next year.

I don't find that reasonable at all, the price will need to go up 4x from the point where it is right now to reach that mark and that is not something very easy to achieve even though I know that Bitcoin has got the potential as we've seen it going up significantly high in very short periods of time, I believe the target is absurdly high for this timeframe because the targets it achieved in the past were not that high but this one seems too high for me.

Besides, for that to happen, Bitcoin will first need to recover to its previous all-time high which in itself is a pretty high target considering what the price is right now, we are around $32k at the moment and it will need to go up $37k more to reach the previous all-time high.

[justdimin]

Dont forget that Robert Kiyosaki is a businessman and influencer on first place, and was never a market analyst. He has been predicting Bitcoin to cost $500k by the end of 2025 and $1.2 million by the end of 2026. He has been making predictions every quarter. His real goal is to stay visible on the media and to sell his books. Dont forget about that every single time you see him making a prediction. In fact, check out his biography on wikipedia. If he is good at making predictions, then why all of his businesses went bankrupt?

His other business went bankrupt and maybe he is now trying his luck on selling books but it seems the faith of it will end up the same as the others because of how bad he is on predicting stuffs. Even the newbies will find it funny. Like what @DeathAngel said, maybe $120k was still possible by next year but there is no way it will jump to $500k only by just 1 year and then $1.2M after it.

We aren't even sure if $500k is possible but if ever it is then maybe it will happen in the next 5 or more years after 2024. Even without those high values, it will still be possible for us to earn through fluctuations. We will only buy low and wait for the recovery to sell high.

[nimogsm]

I do not trust such predictions as they are made without a deep analysis of the situation. Often public figures like to make loud statements in order to draw more attention to their person. Such phenomena have been happening for many years and in my memory this is not the first time. Often the majority talks only about growth and a high price, but at the same time, no one is in a hurry to predict a market crash or a deep price drop.

[Woodie]

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?

This isn't an honest message!
What I don't get about this twit is the correlation of the precious metals silver and gold to Bitcoin??

If you actually analyze this message, it's just telling people that Bitcoin is as good as the metals and its okay to try out a new asset on the block!

If am wrong, why would someone say new money is coming in and it's going to be going towards gold...and Bitcoin will benefit.. This is a salesman selling a story with misdirection!

Btw every knows the BRICS  fight is with the dollar 💵,  how does Bitcoin find itself in this war of fiat?

[AmoreJaz]

I do not trust such predictions as they are made without a deep analysis of the situation. Often public figures like to make loud statements in order to draw more attention to their person. Such phenomena have been happening for many years and in my memory this is not the first time. Often the majority talks only about growth and a high price, but at the same time, no one is in a hurry to predict a market crash or a deep price drop.

everyone can make a speculation on this market. so don't take such predictions seriously. some of them are just using their social status to gain followers. for sure, they just state some random statements and not back by any technical analysis on this market.
people should be vigilant about such predictions because if they will spend some of their savings, they should do their own analysis and follow their instincts. most of these so-called experts actually don't know what they are saying.

[GeorgeJohn]

It's not believable that Bitcoin will rise to such amount, because I know quite well that this is a speculation, for the history of bitcoins, bitcoin it never hit one hundred and twenty thousand before and it can't not start on 2024 and land on one hundred and twenty thousand (120k) I think it's impossible, when Bitcoin rise to a certain point it trace to make the value to be strong, i think it's very acknowledge to assume that Bitcoin price will reach sixty thousand (60k)

[Ngemmeng]

USD will crash soon? I think this strongest currency will not be easily destroyed by anyone.
2024 bitcoin will reach $120k ? This makes more sense because many are predicting that 2024 will be a bullish year.
i also believe in 2024 bullish will come and lowest price of bitcoin will be at least $150k.

[Minor Miner]

I do not trust such predictions as they are made without a deep analysis of the situation. Often public figures like to make loud statements in order to draw more attention to their person. Such phenomena have been happening for many years and in my memory this is not the first time. Often the majority talks only about growth and a high price, but at the same time, no one is in a hurry to predict a market crash or a deep price drop.

Even if he provides more data and his analysis, it is just a prediction, and there is no guarantee it will happen as he said. If he could predict the future, he should have bought bitcoin when it was $15k last year, but I'm pretty sure he wouldn't have bought bitcoin for $15k either. Like you, I have never believed in the bullshit predictions of famous people. And you are right, he is just making random predictions, and the main purpose is to get other people's attention rather than making real predictions about bitcoin.

[davis196]

Does Robert Kiyosaki have a crystal ball, so he could predict what the BRICS countries will decide in August 2023?
Or maybe he has some insider information nobody knows about.
I have never heard anything about the BRICS countries planning to release a gold backed cryptocurrency. What I heard is the BRCIS countries wanting to create a payment system(or settlement system) for their national currencies. Maybe Kiyosaki knows something we don't know.

USD will crash soon? I think this strongest currency will not be easily destroyed by anyone.
2024 bitcoin will reach $120k ? This makes more sense because many are predicting that 2024 will be a bullish year.
i also believe in 2024 bullish will come and lowest price of bitcoin will be at least $150k.

Bitcoin won't reach 120K in 2024. It will be more like 70K-90K USD and the price peak will be in early 2025, not in 2024. It usually takes several months after a BTC halving for the Bitcoin price to hit another ATH. I don't believe that a new ATH will be reached by the end of 2024.
That's my prediction. I don't guarantee 100% accuracy.

[joker_josue]

It's not believable that Bitcoin will rise to such amount, because I know quite well that this is a speculation, for the history of bitcoins, bitcoin it never hit one hundred and twenty thousand before and it can't not start on 2024 and land on one hundred and twenty thousand (120k) I think it's impossible, when Bitcoin rise to a certain point it trace to make the value to be strong, i think it's very acknowledge to assume that Bitcoin price will reach sixty thousand (60k)

Until 2021 Bitcoin had never reached $60k, that did not mean that it was impossible to reach that level.
It is true that BTC never reached $100k, but that does not mean that it is not capable of reaching there.

Now whether it will reach that figure in 2024 is another question. Personally, I don't think so yet.
But the financial market worldwide is totally unpredictable, so a lot can happen and surprise everyone.

[Weawant]

I think the price potential will soon reach $ 120k or even more in the next year due to many factors, of course the most influential main factor is the halving day which will make bitcoin easily go up 200% in a short time, if at the end of this year it can close at least $ 60k then I'm sure and optimistic that $120k will occur before the 2024 halving day.

Bitcoin will be trading at $120,000 very soon but it won't be next year, I just don't see it happening and that's because Bitcoin hasn't passed its previous all time high to my best of knowledge doing the year of halving. Next year will be very positive to the market but not $120,000.

Robert kiyosaki has been very optimistic about bitcoin for a very long time therefore his price prediction will always be bullish. He hate all centralized backed fiat and the US dollars is one of the fiats he hate the most so I understand why he's this bullish on Bitcoin.

$120,000 can be achieved in 2025 and that's my prediction not in 2024, the price of Bitcoin might trade more than $120,000 in 2025 because the market will be filled of institution investors and they always invest big which Bitcoin and possibility of other coins benefiting.

[fzkto]

USD will crash soon? I think this strongest currency will not be easily destroyed by anyone.
2024 bitcoin will reach $120k ? This makes more sense because many are predicting that 2024 will be a bullish year.
i also believe in 2024 bullish will come and lowest price of bitcoin will be at least $150k.

Usually a bull market comes some time after the halving. So if it happens next year, it's unlikely 140k will be fast. Moreover, no one knows from what marks the growth will come. I guess all these predictions are just guessing on a crystal ball. Any of us can name any number we like and it can be considered a prediction.

[DeathAngel]

Kiyosaki is an extremely successful investor across various asset fields so when he talks it’s usually a good idea to listen. He’s been a long time advocate for bitcoin, I think he knows what he’s talking about. $120,000 isn’t too far fetched, it’s a real possibility if things play out as they have in the past, market cycle timeframes etc. history doesn’t repeat itself but it often rhymes so let’s hope that’s the case here & we are celebrating a $120,000 price next year.

[imamusma]

USD will crash soon? I think this strongest currency will not be easily destroyed by anyone.
2024 bitcoin will reach $120k ? This makes more sense because many are predicting that 2024 will be a bullish year.
i also believe in 2024 bullish will come and lowest price of bitcoin will be at least $150k.

Usually a bull market comes some time after the halving. So if it happens next year, it's unlikely 140k will be fast. Moreover, no one knows from what marks the growth will come. I guess all these predictions are just guessing on a crystal ball. Any of us can name any number we like and it can be considered a prediction.

Some of them are just guessing without analyzing, but some of us do it supported by analysis. Of course both are just a possibility, but you can have more faith in the second prediction where they do the analysis before predicting the value. When someone only guesses numbers when predicting, it's just something that can't be justified analytically so it's good to say it's nonsense.

However, none of these predictions should be taken as financial advice, so be careful and always consider it at your own risk.

[Slow death]

It's not believable that Bitcoin will rise to such amount, because I know quite well that this is a speculation, for the history of bitcoins, bitcoin it never hit one hundred and twenty thousand before and it can't not start on 2024 and land on one hundred and twenty thousand (120k) I think it's impossible, when Bitcoin rise to a certain point it trace to make the value to be strong, i think it's very acknowledge to assume that Bitcoin price will reach sixty thousand (60k)

Until 2021 Bitcoin had never reached $60k, that did not mean that it was impossible to reach that level.
It is true that BTC never reached $100k, but that does not mean that it is not capable of reaching there.

Now whether it will reach that figure in 2024 is another question. Personally, I don't think so yet.
But the financial market worldwide is totally unpredictable, so a lot can happen and surprise everyone.

in my opinion Robert Kiyosaki's comment seemed like a comment coming from someone who hates the dollar and that because of that he is encouraging people to buy gold and silver, but see that he did not encourage people to buy bitcoin, he just spoke that bitcoin price will be 120000$ next year. when he talks about next year then we will have to wait until the end of next year to see that happen, the problem in his prediction was to associate brics decisions to the price of bitcoin, honestly the brics is made up of 2 very democratic countries and 2 countries of dictatorship regime who do not like bitcoin

Could it be that he forgot that Russia and China are dictatorship regimes that don't like cryptocurrencies because they are things they can't control? let's face it, does anyone here in this thread really believe that china and russia would ever create a crypto-backed currency? or that china and russia would allow and legalize cryptocurrencies in their countries in a way that they would allow their citizens to use it as a payment method? I see that his hatred for the dollar is blinding him a lot, the brics will have zero impact on cryptocurrencies in the long run for a positive view, what he talks about is that the US dollar will die, it is absurd that I will not even comment

[joker_josue]

in my opinion Robert Kiyosaki's comment seemed like a comment coming from someone who hates the dollar and that because of that he is encouraging people to buy gold and silver, but see that he did not encourage people to buy bitcoin, he just spoke that bitcoin price will be 120000$ next year.

I understand.
Probably used the term "bitcoin" to get more attention.

It seems like those news, which are talking about some cryptocurrency - which only serves to deceive people, and the last paragraph is always talking about Bitcoin. Clearly it's to attract clicks.