The author of the bestseller “Rich Dad, Poor Dad”, Robert Kiyosaki, has today published predictions on the price of Bitcoin: 100,000 USD by September.
Kiyosaki is not the only one to believe that Bitcoin could exceed the fateful $100,000 by the end of the year, so much so that there are even those who hypothesize surpassing that threshold before the halving on April 20th.
Summary
Bitcoin price predictions: $100,000 by September
It must be said that, as usual, there are many predictions circulating about the price that Bitcoin will reach in the future, both optimistic like this one and pessimistic.
Obviously, the vast majority then turn out to be wrong.
However, Kiyosaki has shown in the past to have the ability to understand, at times, what the medium/long-term trend of BTC price is.
For example during the bear-market of 2022 he predicted that the bottom would be at $17,000, and indeed he was close as it was at $15,500.
Even during the correction in the middle of the great bull run of 2021 he hypothesized a bottom at $27,000, and even in that case he came close since it was lower than $29,000.
Other times, however, his predictions have not proven to be correct.
The forecast at 100,000 USD
It is not the first time that Kiyosaki predicts a Bitcoin price above $100,000.
Actually, in February he had said that he expected this figure to be reached by June, but now he has moved the target to September.
The reason probably lies in the fact that after the halving on April 20th, there may be a retracement.
Furthermore, financial markets in general often do not perform very well in May and June, and if something similar to what happened in 2021 were to happen in 2024, one could expect a retracement in May and June, and then a recovery in July.
To tell the truth, last October Kiyosaki himself had hypothesized that by 2024 the price of BTC could even reach 135,000 USD, and in fact after September it could also set new highs, since almost always the annual highs of the price of Bitcoin are set at the end of the year, in bullrun years.
It is no coincidence that a few weeks ago it had hypothesized the reaching of 300,000 USD by the end of the year.
But last February he had gone even further, hypothesizing $500,000 by the end of next year.
So for Kiyosaki, the 100,000 USD would only be a temporary step in 2024 to access even higher amounts.
The motivations
In the tweet where he reiterated this hypothesis, Kiyosaki wrote that he is buying another 10 BTC before April.
He argues that the “smart money” knows that the USA is the nation with the most debt in the world, that the Chinese real estate market is facing problems, and that Japan has been in a depression since 1990. Furthermore, Germany is also slipping into depression, banks are struggling, and the world is on the brink of war.
It also adds that those who insist on saving fiat currency are actually poor, so much so that it openly recommends buying gold, silver, and Bitcoin.
The hypothesis that suggests quite clearly is that the economic and financial difficulties of the traditional system will cause the value of fiat currencies to decrease, due to inflation, and this will raise the prices of store of value assets such as gold and silver, as well as Bitcoin.
After all, the price of BTC is now closely linked to liquidity in the financial markets, and the hypothesis suggested by Kiyosaki is that such liquidity will increase even further in the future, due to the fact that to finance the debt presumably more fiat currency will need to be “printed”.
The fateful 100,000 USD: predictions on the price of Bitcoin
100,000 USD is a key psychological threshold for Bitcoin.
Many investors have been waiting since 2017 for the price of BTC to reach $100,000, but so far it has never happened.
This is a psychological threshold that, precisely for this reason, could have a significant impact on the markets if reached.
Obviously, it is not the institutions that are interested in these psychological thresholds, but it is instead the retailers, among whom emotion often dominates over reason.
The 100,000 USD is such an important psychological threshold that it has even sparked a trend: many people have virtually worn the so-called “laser eyes” on their social profiles as a good omen for reaching that amount.
However, it cannot be excluded that once that psychological threshold is exceeded, profit-taking may occur.
However, in the past on Bitcoin the behavior of retail investors has produced opposite effects, such as when the price first exceeded $10,000 in 2017 and then continued to rise to $20,000.
