BTC predictions are rarely accurate, yet they play a crucial role in shaping sentiment

When Robert Kiyosaki proclaims the imminent collapse of the U.S. dollar and Bitcoin soaring to $200,000, it's tempting to believe, buy in, and dream of riches.

Cryptocurrency predictions are rarely accurate, yet they play a crucial role in shaping sentiment, fueling innovation, and keeping the industry dynamic.

Several experts have made bold predictions about Bitcoin’s price this year. Some, like Robert Kiyosaki, are known for their outsized claims, which often miss the mark. However, their role in driving conversation and investment interest cannot be ignored.

Several crypto experts have made bold predictions about Bitcoin’s price this year. While some like Robert Kiyosaki are known for their outsized claims which often miss the mark, their role in driving conversation and investment interest cannot be ignored.

As several experts continue to make predictions about Bitcoin’s price in 2024, it’s worth noting that few of them have been accurate.

Still, the Avantegarde of predictions keeps rolling.

As several experts continue to make predictions about Bitcoin’s price in 2024, it’s worth noting that few of them have been accurate.

When Robert Kiyosaki says the U.S. dollar will collapse and Bitcoin will soar to $200,000, it’s tempting to believe, buy in, and dream of riches. But should we trust such bold claims? Let’s take a closer look.

Dollar Die Dad, Bitcoin To the Moon Dad?

In February, entrepreneur, investor, and Rich Dad, Poor Dad author Robert Kiyosaki predicted Bitcoin would hit $500,000 by 2025.

Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin peoples’$. Take care.

— Robert Kiyosaki (@theRealKiyosaki) February 13, 2023

That prediction has already missed the mark.

By August, he was back at it—declaring the death of the U.S. dollar and predicting Bitcoin would reach $120,000 in 2024. Again, he was off. As of now, Bitcoin’s all-time high (ATH) stands at $109,114, according to CoinMarketCap.

August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold, Silver. Bitcoin to $120k next year.

— Robert Kiyosaki (@theRealKiyosaki) July 11, 2023

Then in January, Kiyosaki tried once more, this time claiming Bitcoin would hit $150,000 following the approval of a Bitcoin ETF in the U.S. A year later, what do we see? Bitcoin hasn’t even sustained levels above the psychological $100,000 mark.

BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon. Gold to the moon as Central Banks buy , store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes.…

— Robert Kiyosaki (@theRealKiyosaki) January 10, 2024

Clearly, Kiyosaki’s forecasts should be taken with skepticism. If he throws out a new Bitcoin prediction every week, eventually one will be correct—but how many will mislead retail investors in the process?

Maxi Strategy for MicroStrategy

Michael Saylor—entrepreneur, founder of MicroStrategy, and main Bitcoin maxi—takes a different approach to his predictions.

In July, he made a bold claim: Bitcoin will hit $13M by 2045. But how realistic is this? Will Saylor even be around to be held accountable? Will Bitcoin? This kind of statement is classic Saylor—promising unimaginable wealth to Bitcoin investors, as long as they’re willing to wait.

Back in summer 2020, MicroStrategy became the first publicly traded company on Nasdaq to convert part of its capital into Bitcoin. Since then, the firm has continued accumulating BTC. As of March, MicroStrategy holds 499,096 BTC—worth over $44 billion, according to BitcoinTreasuries.

In December, Saylor made another bold claim: Bitcoin will either drop to zero or skyrocket to $1M. This type of blind faith in infinite price appreciation sounds more like a casino bet than an investment thesis. Notably, Saylor didn’t specify when investors should expect Bitcoin to reach that price.