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‘Rich Dad, Poor Dad’ Author Sets Timeline For $250k Bitcoin Price

‘Rich Dad, Poor Dad’ Author Sets Timeline For $250k Bitcoin Price

TimestabloidTimestabloid2023/07/14 16:00
By:By Zaccheaus Ogunjobi

Renowned author of the best-selling book- Rich Dad Poor Dad, Robert Kiyosaki, has once again shared his bullish outlook on Bitcoin. However, his latest forecast for the cryptocurrency is slightly more conservative than earlier predictions for 2025.

Kiyosaki’s $250,000 Target

As Bitcoin surged past the $100,500 milestone, Kiyosaki took to social media to express his optimism . “Bitcoin over $100,000,” he tweeted, followed by a new projection that the leading cryptocurrency would hit $250,000 this year. Furthermore, he confirmed that he continues buying more Bitcoin, signaling unwavering confidence in its potential.

This prediction has garnered support from several commentators who believe Bitcoin’s price could skyrocket if the incoming U.S. administration follows through on its campaign promise to establish a Strategic Bitcoin Reserve. Some experts have speculated that such a move could propel Bitcoin’s value beyond $350,000.

In late 2024, Kiyosaki admired MicroStrategy’s Bitcoin accumulation strategy, spearheaded by Michael Saylor. He echoed Saylor’s long-term view that Bitcoin could reach $12 million per coin over the next decade as it increasingly replaces gold in investment portfolios.

A Change in Kiyosaki’s Bitcoin Strategy

Interestingly, Kiyosaki’s current approach contrasts with his earlier stance. Just a few months ago, he stated that he would cease purchasing Bitcoin once its price surpassed $100,000, emphasizing the importance of avoiding greed. Yet, following Bitcoin’s recent rally, he has continued accumulating, demonstrating his enduring faith in its value as a long-term asset.

In December 2024, Kiyosaki made several predictions about Bitcoin’s trajectory. While one estimate suggested the cryptocurrency could reach $175,000 in 2025, another more optimistic forecast pegged it at $350,000 by year-end.

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Kiyosaki Criticizes BlackRock’s Bitcoin ETF Strategy

Kiyosaki has also been vocal in his criticism of BlackRock CEO Larry Fink. Following significant outflows from BlackRock’s spot Bitcoin ETF in December 2024, Kiyosaki accused the firm of deliberately suppressing Bitcoin’s price to enable large investors, or “whales,” to accumulate more.

Known for his passion for alternative investments, Kiyosaki has consistently championed Bitcoin, gold, and silver as safe-haven assets. His commitment to these assets reflects his belief in their ability to preserve wealth in an unpredictable financial landscape.

Looking Ahead

As Bitcoin continues its upward trajectory, Robert Kiyosaki’s revised prediction highlights his unwavering confidence in Bitcoin’s potential. With market dynamics shifting and institutional interest growing, Bitcoin’s journey toward Kiyosaki’s $250,000 target will be a focal point for investors and enthusiasts alike.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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