Bitcoin to $120k next year - by Robert Kiyosaki

[OgNasty]

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.

I’ll admit when I saw Robert Kiyosaki in the news making crazy comments about the dollar and wild predictions about Bitcoin, my first thought was that he must be ready to release a new book. He’s sort of like Jim Cramer in that he’s an entertainer first and an economist second. Sadly, as a finance author being a character is the best way to sell books.

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[Aanuoluwatofunmi]

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.

We have two kinds of actors categories here, some will motivate others to invest in bitcoin for any reason because they are bitcoin investors and love to see others have the same kind of experience they get from the opportunity in bitcoin investment, some other people will only throw out their own perspective to the public on how they feel about bitcoin and make the advantage in going public be their focus point of target for their own recognition regardless of how true is what they are saying or not, they just want to be noticed, but at this stage, we don't need people to tell us what to do or where to invest anymore, we already know where bitcoin is going without anyone saying it public, that's why everyone is so particularly interested in bitcoin because there's future in it, bitcoin can get to $150k or more by next year.

[South Park]

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.

And if we are honest about this we will find out the majority of the predictions out there have no basis whatsoever except the experience of the person making the prediction and nothing else, so just because this is a famous person when it comes to the financial books he publishes  for the average person this does not make him an authority when it comes to predicting the price of bitcoin, the demise of fiat currencies or anything in particular, also it is not as if this person losses anything if he is wrong so he can say whatever he wants.

[STT]

Its not a new prediction and I dont believe it can be that simple, if only it were possibly that easy to transform all the things relative in an economy like trade balance and it would work out perfectly.   We can say if it were this easy it would have occurred already.   Remember going back to the WW2 General who led France after the war, people have been warning in the harshest words of the collapse of the dollar and its unsustainable debt or spending done.    
  I dont disagree with the concept but there is a strong momentum to just continue onwards even in a decline of sorts but to simply declare this idea now will transform the world, its not that likely in a moment.  Lots of countries have gold but not all are sustainable long term in the regime and guarantee of supply of that gold.   Even gold backed is only as good as the word that certifies it will be exchangeable on demand, there is still that question of credit assurance I think.  I say that as someone whose held funds in developing country bonds for a while, its a difficult challenging market.

[erep]

And if we are honest about this we will find out the majority of the predictions out there have no basis whatsoever except the experience of the person making the prediction and nothing else, so just because this is a famous person when it comes to the financial books he publishes  for the average person this does not make him an authority when it comes to predicting the price of bitcoin, the demise of fiat currencies or anything in particular, also it is not as if this person losses anything if he is wrong so he can say whatever he wants.

Everyone can be given free space to have an opinion as long as his opinion is still rational and can be considered, I don't care if he has analytical experience or not but the statement that the bitcoin price will reach $ 120k includes realistic predictions based on pricing from 2x the previous ATH price, even though no one says the bitcoin price will break $ 120k but I still believe that reaching this price is not impossible, everything takes a long time but we believe that after the halving there is great potential to reach the highest price that has never been achieved before.

[Baofeng]

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.

I’ll admit when I saw Robert Kiyosaki in the news making crazy comments about the dollar and wild predictions about Bitcoin, my first thought was that he must be ready to release a new book. He’s sort of like Jim Cramer in that he’s an entertainer first and an economist second. Sadly, as a finance author being a character is the best way to sell books.

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

[samcrypto]

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

The financial market already prove some of the predictions of Robert before and with this one, I'm confident that we are indeed heading to that price level.
We know Robert about his stand with crypto and the fiat currency, Bitcoin is moving to that way too so there's a big chance for this to happen by next year.
This could be a great plus for Robert and we can benefit from this as well, buy holding more good coins and preparing for the next bull market.

[suzanne5223]

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

Robert Kiyosaki is good in investment and financial but his prediction about Bitcoin reaching $120K next year is something I don't agree with. Don't get me wrong Bitcoin will reach a new ATH price next year but it reaching the $120K price is not certain because a lot of big players are now into Bitcoin and they will want to manipulate the market for their own selfish gain.

[fuguebtc]

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

Robert Kiyosaki is good in investment and financial but his prediction about Bitcoin reaching $120K next year is something I don't agree with. Don't get me wrong Bitcoin will reach a new ATH price next year but it reaching the $120K price is not certain because a lot of big players are now into Bitcoin and they will want to manipulate the market for their own selfish gain.

Nothing is certain when we talk about the future, but what is more funny is that he is making predictions that anyone knows. I mean, if anyone was a bitcoin investor they would make the same predictions and it's not that hard. What he is doing is for personal gain, and I agree with many of the comments here that his goal is to sell new books.

But I believe bitcoin will reach $120k or even higher even though many big players are entering and manipulating the market. There is no denying that the market is being manipulated, but it also depends on supply and demand. But when bitcoin hits ATH, no one will know.

[YUriy1991]

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

Robert Kiyosaki is good in investment and financial but his prediction about Bitcoin reaching $120K next year is something I don't agree with. Don't get me wrong Bitcoin will reach a new ATH price next year but it reaching the $120K price is not certain because a lot of big players are now into Bitcoin and they will want to manipulate the market for their own selfish gain.

Nothing is certain when we talk about the future, but what is more funny is that he is making predictions that anyone knows. I mean, if anyone was a bitcoin investor they would make the same predictions and it's not that hard. What he is doing is for personal gain, and I agree with many of the comments here that his goal is to sell new books.

But I believe bitcoin will reach $120k or even higher even though many big players are entering and manipulating the market. There is no denying that the market is being manipulated, but it also depends on supply and demand. But when bitcoin hits ATH, no one will know.

True, I myself consider it only positive. Let them continue to predict it as an additional reference for us.  they have their own TA in seeing this. But. I myself am optimistic that BTC will rise to $ 120k next year like Robert Kiyosaki says, but, slowly but surely.

Regarding him himself, if someone really thinks this way (the book business) is reasonable and normal. The name is also freedom of speech. So, I think. it comes back to each of us in seeing from which point of view. What is clear, he is still highly respected for both his ideas and opinions.

[CageMabok]

True, I myself consider it only positive. Let them continue to predict it as an additional reference for us.  they have their own TA in seeing this. But. I myself am optimistic that BTC will rise to $ 120k next year like Robert Kiyosaki says, but, slowly but surely.

I think it's not so much a question of whether or not a price goes to $120K in the market, but rather how long we have to wait to see a price that big from now on in Bitcoin. Because I don't think that a price of that size can happen immediately or in a short time on Bitcoin even though the crypto market conditions themselves can continue to improve with more rich people coming into the market.

Regarding him himself, if someone really thinks this way (the book business) is reasonable and normal. The name is also freedom of speech. So, I think. it comes back to each of us in seeing from which point of view. What is clear, he is still highly respected for both his ideas and opinions.

Actually, everyone can express their opinion regarding Bitcoin price predictions, because everyone also has a different analysis of price matters. Only the opinion of smart and rich and experienced people will obviously be more respected because maybe what he said could be close to being true in the future even though it could also miss what he said today in the future.

[suzanne5223]

But whether you are a fan or not, $120k seems to be on target for our next bitcoin all time high isn't it? And with that, it put more credibility for Robert if the price is going to hit around that window and many thinks that he has knowledge about the crypto market, (but we admit that he might be a good financial adviser, economist, but perhaps crypto could be new to him).

So it's a win win for him, to attract new generations for his book and maybe in the next books that he is going to released. And then if the price hits then maybe others says that Robert has foresight and everything he advises is 100% pure profit.

Robert Kiyosaki is good in investment and financial but his prediction about Bitcoin reaching $120K next year is something I don't agree with. Don't get me wrong Bitcoin will reach a new ATH price next year but it reaching the $120K price is not certain because a lot of big players are now into Bitcoin and they will want to manipulate the market for their own selfish gain.

Nothing is certain when we talk about the future, but what is more funny is that he is making predictions that anyone knows. I mean, if anyone was a bitcoin investor they would make the same predictions and it's not that hard. What he is doing is for personal gain, and I agree with many of the comments here that his goal is to sell new books.

But I believe bitcoin will reach $120k or even higher even though many big players are entering and manipulating the market. There is no denying that the market is being manipulated, but it also depends on supply and demand. But when bitcoin hits ATH, no one will know.

True, I myself consider it only positive. Let them continue to predict it as an additional reference for us.  they have their own TA in seeing this. But. I myself am optimistic that BTC will rise to $ 120k next year like Robert Kiyosaki says, but, slowly but surely.

Regarding him himself, if someone really thinks this way (the book business) is reasonable and normal. The name is also freedom of speech. So, I think. it comes back to each of us in seeing from which point of view. What is clear, he is still highly respected for both his ideas and opinions.

@fuguebtc  You have a point about Kiyosaki, he may be trying to sell his books but he already has a good reputation in that area and my belief is that he's trying to be relevant in the crypto market and also doing the work of crypto evangelism.
Yes, Bitcoin will reach the $120K price but I talking about the possibility of it not happening next year and the role of the big player that joins late which will want to manipulate the market in order to get some cake through the halving market.

@YUriy1991 It is good we're seeing influencer people publicly making predictions about Bitcoin. I could remember years ago we don't see them doing this but they don't always use TA with their predictions and for the record they only make predictions based on the market's possible trend.

[fuguebtc]

-.-

@fuguebtc  You have a point about Kiyosaki, he may be trying to sell his books but he already has a good reputation in that area and my belief is that he's trying to be relevant in the crypto market and also doing the work of crypto evangelism.
Yes, Bitcoin will reach the $120K price but I talking about the possibility of it not happening next year and the role of the big player that joins late which will want to manipulate the market in order to get some cake through the halving market.

I agree, I believe bitcoin will hit $120k but not next year, it's very unlikely even though it's unpredictable future. Based on history, the 4-year cycle will not end in 2024 and the bull season will only come 1 year after the halving. That means if history repeats itself, we will have a new bull cycle and bitcoin's new ATH will be in 2025. But no one will know what the new ATH will be, maybe 100k $ or 120k $ or lower, no one knows.

Another thing to note is we still depend on the world economic situation, so it is difficult to confirm when the real bull season will come.

[suzanne5223]

-.-

@fuguebtc  You have a point about Kiyosaki, he may be trying to sell his books but he already has a good reputation in that area and my belief is that he's trying to be relevant in the crypto market and also doing the work of crypto evangelism.
Yes, Bitcoin will reach the $120K price but I talking about the possibility of it not happening next year and the role of the big player that joins late which will want to manipulate the market in order to get some cake through the halving market.

I agree, I believe bitcoin will hit $120k but not next year, it's very unlikely even though it's unpredictable future. Based on history, the 4-year cycle will not end in 2024 and the bull season will only come 1 year after the halving. That means if history repeats itself, we will have a new bull cycle and bitcoin's new ATH will be in 2025. But no one will know what the new ATH will be, maybe 100k $ or 120k $ or lower, no one knows.

Another thing to note is we still depend on the world economic situation, so it is difficult to confirm when the real bull season will come.

You're correct that the ATH price may not happen next year which is also the halving market year but you missing some point about the whole movement of the market because the bullish market can happen anything from now and it always occurs when people anticipated the halving effect.
I expect history to repeat itself but ever since some giant companies have an interest in Bitcoin my beliefs have change.

[STT]

I can post another mainstream video for BTC high prediction.  I will just get the link, its towards the end of the clip but relevant for general market view.  The really high prices do require an entire market view imo and the hedge fund dude mentions that in relevance to ETF being passed etc.


200k within 5 years
'BTC is very useful throughout an economy where conventional capital has a bias to the richest' is his brief take I think

[virasog]

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.

And if we are honest about this we will find out the majority of the predictions out there have no basis whatsoever except the experience of the person making the prediction and nothing else, so just because this is a famous person when it comes to the financial books he publishes  for the average person this does not make him an authority when it comes to predicting the price of bitcoin, the demise of fiat currencies or anything in particular, also it is not as if this person losses anything if he is wrong so he can say whatever he wants.

This has been the dilemma that famous people and personalities give insane Bitcoin price predictions which usually do not come true but they may create a lot of hype and the person who gives such prediction gets a lot of praise from the Bitcoin community. People want the bitcoin price to reach new highs and such predictions are being liked by the people who are holding and accumulating bitcoin.

However, we often see that these predictions may not come true in the time frame stated by Robert Kiyosaki or anyone else but no doubt one day bitcoin will reach $120K and beyond.

[Sexylizzy2813]

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

First of all this is just a mare prediction and I know the expectations are really high from all they said that this year Bitcoin would skyrocket but as it is we're still hoping and waiting for it to be at a higher price instead of going up is going down, now $29k at the moment. I'm not believing any predictions until it is visible to me, as for now is just words, but I wish the price goes up without rapidly coming down anytime soon.

[_BlackStar]

-snip-

First of all this is just a mare prediction and I know the expectations are really high from all they said that this year Bitcoin would skyrocket but as it is we're still hoping and waiting for it to be at a higher price instead of going up is going down, now $29k at the moment. I'm not believing any predictions until it is visible to me, as for now is just words, but I wish the price goes up without rapidly coming down anytime soon.

Exactly - it's only a prediction, you don't need to believe it 100%. After all, you still have to do research and analysis for whatever coin you choose as your investment asset in the long term - including bitcoin. One can predict regardless of how accurate one's predictions are - but they are not fundamentally financial advice.

I can expect the price to go in that direction - but gradually, so price volatility will still occur. But you should also know that the price of bitcoin will not always go up without a downturn - even if you are in a bull market.

[yohananaomi]

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

First of all this is just a mare prediction and I know the expectations are really high from all they said that this year Bitcoin would skyrocket but as it is we're still hoping and waiting for it to be at a higher price instead of going up is going down, now $29k at the moment. I'm not believing any predictions until it is visible to me, as for now is just words, but I wish the price goes up without rapidly coming down anytime soon.

But indeed, everyone will make predictions, even though the predictions may not always be correct, and if you look at past experiences that have been made, at least there will be similarities.
The price has indeed increased quite a bit from the start, but right now the price doesn't seem to be moving to increase and is just stagnant.
I appreciate what you said—that you will believe if you see it for yourself and not just by prediction.
But I actually have a prediction that the price will be corrected because the economic situation has not yet recovered, and also preparing for the end of the year when the halving period will enter.

[tygeade]

First of all this is just a mare prediction and I know the expectations are really high from all they said that this year Bitcoin would skyrocket but as it is we're still hoping and waiting for it to be at a higher price instead of going up is going down, now $29k at the moment. I'm not believing any predictions until it is visible to me, as for now is just words, but I wish the price goes up without rapidly coming down anytime soon.

But indeed, everyone will make predictions, even though the predictions may not always be correct, and if you look at past experiences that have been made, at least there will be similarities.
The price has indeed increased quite a bit from the start, but right now the price doesn't seem to be moving to increase and is just stagnant.
I appreciate what you said—that you will believe if you see it for yourself and not just by prediction.
But I actually have a prediction that the price will be corrected because the economic situation has not yet recovered, and also preparing for the end of the year when the halving period will enter.

I agree that economy is not recovered yet, which means that we are going to end up with seeing something much worse if the economy goes even worse. However, I also believe that economy is "getting better", I mean it is not recovering yet, but it is not going worse and that means something.

I believe that we should be able to say that it is going to matter in the end and we are going to end up with a situation that will improve it a lot. I know that it is going to be mattering a lot when the price goes up for bitcoin, so I think the only way for that to happen would be waiting for regular prices to change as well, it is going to end up being something that will be great in the end. That's how I imagine it would be and that should not be an issue.