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Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, has been sharing his insights on Bitcoin's price dynamics. He predicts that Bitcoin's price may "crash" to as low as $60,000, but he's not worried. Instead, he sees this potential downturn as a buying opportunity, stating that he'll acquire more Bitcoin during the dip.¹
Kiyosaki's outlook focuses on accumulation rather than short-term price fluctuations. He believes that the number of Bitcoins held matters more than their immediate price. This perspective is shared by other analysts, who see Bitcoin entering its parabolic phase, with potential targets reaching $250,000 in 2024 and $13 million long-term.²
Some analysts, like Tom Lee, co-founder of Fundstrat Global Advisors, suggest that Bitcoin's price cycles support ambitious targets. Lee points to the supply cut effects of block subsidy halving events, which could drive massive price growth over the next year.
While predictions vary, Kiyosaki's analysis highlights the potential for Bitcoin's price to fluctuate significantly in the short term. However, his focus on accumulation and long-term growth reflects the optimism shared by many analysts in the cryptocurrency space.