While the Bitcoin (BTC) price is struggling to reach $100,000, many analysts expect a Christmas rally in December, Robert Kiyosaki, author of the book Rich Dad Poor Dad, predicted that BTC will drop to $60,000 in the coming days.
Kiyosaki, who is famous for his bold comments about financial markets, the US government and the FED, stated that Bitcoin could experience a sharp decline in the short term.
Despite concerns about a possible price drop to $60,000, Kiyosaki continues to hold Bitcoin as part of his portfolio.
The famous name showed his belief in the long-term potential of Bitcoin by stating that if his prediction comes true and BTC drops to $60,000, he will not sell his BTCs and will even see this drop as an opportunity to buy more Bitcoin.
Bitcoin is crashing:
Bitcoin remains below $100,000. This means that BTC could drop to $60,000.
“If and when I won't sell. BTC will sell. I'll buy more.”
Kiyosaki stated that the rise in Bitcoin has just begun and thinks that Bitcoin is likely to reach $250,000 in 2025. While this estimate would be 2.5 times the current BTC price, Kiyosaki stated that Bitcoin could fall to $60,000 before reaching $250,000.