As Bitcoin continues to fluctuate between $96,000 and $98,000 over the weekend, Robert Kiyosaki, the author of the bestselling personal finance book (Rich Dad Poor Dad), pointed out yesterday (12/1) that Bitcoin is stagnating below $100,000, which he believes means BTC might drop to $60,000, but he emphasized he would view this as a discount promotion for Bitcoin and would take the opportunity to stock up.
Bitcoin is stagnating below $100,000. This means BTC could drop to $60,000.
If this happens, I will not sell. I will buy more when BTC is on promotion.
I expect the Bitcoin price to stabilize around $250,000 by 2025. (Here, the author of Rich Dad seems to have made a typo for $250, the community mostly believes he meant 250k)
He also stated that in the current Bitcoin market, price is not that important; the focus is on 'how much Bitcoin you have,' and he reiterated that he wants to buy more Bitcoin.
Rich Dad: This is the last chance to buy Bitcoin before $100,000.
However, contradicting himself, Robert Kiyosaki tweeted on Saturday that he expects the Bitcoin price to soon break $100,000, stating:
'Once Bitcoin breaks $100,000, it will be nearly impossible for the poor and middle class to catch up.' Only super-rich entities like corporations, banks, and sovereign wealth funds will be able to afford it.
He reiterated that in the future world, the rich who hold gold, silver, and Bitcoin will only become richer, while those holding fiat currency will become poorer, as cash is trash. He also exclaimed, 'FOMO is good. Don't get left behind.'
But generally speaking, when the market is in extreme FOMO, it may soon face a significant correction. Reminding readers to manage risks based on their financial situation.
Analyst: BTC is about to break $100,000.
Regarding the Rich Dad author's warning that Bitcoin might drop back to $60,000, well-known cryptocurrency analyst Willy Woo commented:
Buy on dips at any time.
But it currently looks like a breakthrough of $100,000 is imminent.
If all markets crash, $70,000 will be a huge support level.
Rich Dad revealed last month that he bought his first Bitcoin at $6,000 and continued to accumulate as Bitcoin rose to $76,000. He currently owns 73 Bitcoins and hopes to increase his holdings to 100 Bitcoins within the next year (regardless of price) and will store more income in real currencies like Bitcoin, gold, and silver.
