Will Bitcoin crash? According to Robert Kiyosaki, Bitcoin will drop to $60k

  • According to financial guru Robert Kiyosaki, as Bitcoin tries to achieve the $100,000 mark, its price may plummet to $60,000.

The study by the author of “Rich Dad Poor Dad” coincides with growing market conjecture over Bitcoin’s next significant price shift.

Through X, Kiyosaki expressed his outlook on the market and said that any possible decline would be a chance to purchase rather than a reason to be alarmed.

Nonetheless, he remained hopeful about the future. According to Kiyosaki, by 2025, Bitcoin might be worth about $250,000.

He declared that accumulation, not price speculation, is the main goal of his investment strategy.

In an earlier comment on November 30, Kiyosaki cautioned that once Bitcoin hits $100,000, it may become more and more unaffordable for investors with lower incomes and middle-class backgrounds.

He predicts that institutional investors—such as banks, businesses, and sovereign wealth funds—will then control the majority of Bitcoin purchases.

Divergent opinions surface

A more immediate bullish view is offered by Fundstrat Capital’s Chief Investment Officer, Thomas Lee.

In a recent interview with Anthony Scaramucci, the founder of SkyBridge, Lee underlined the significance of the most recent halving cycle, in which the block reward for Bitcoin was decreased. He predicts that prices will approach $100,000 as a result of this supply reduction. Over the course of the following 12 months, Lee also projected a possible movement above $250,000.

The significance of the incoming administration’s pro-Bitcoin position is underscored by Lee’s analysis. He said that the value proposition of Bitcoin might be significantly impacted by U.S. government intervention.

Lee went on to say that Bitcoin’s market position might be drastically changed if it were to become a strategic reserve asset for the United States.

Lee compares government acceptance to MicroStrategy’s successful use of Bitcoin as a balance sheet asset, arguing that both may confirm and legitimate cryptocurrency investments.

According to Lee, this institutional adoption might raise Bitcoin’s value over current projections.

This is particularly true if intentions to buy a sizable stake in Bitcoin are carried out by the US government.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

Leave a Reply