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Cryptocurrency News Articles

Robert Kiyosaki Sets New Bitcoin Price Target of $350,000 for 2025

Dec 18, 2024 at 11:26 pm

Renowned investor and author of the personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has been bullish on Bitcoin (BTC) for years.

Robert Kiyosaki Sets New Bitcoin Price Target of $350,000 for 2025

Renowned investor Robert Kiyosaki, author of the personal finance book ‘Rich Dad Poor Dad,’ has set a new price target for Bitcoin (BTC) in 2025.

Kiyosaki, who has been bullish on Bitcoin for years, now expects the leading digital asset to hit $350,000 by 2025. He shared his latest prediction in a December 18 X post.

This isn’t the highest price target Kiyosaki has ever mentioned. On November 25, he shared the analysis of an unnamed artificial intelligence platform that predicted a price point of $500,000. However, this new, lower price target still represents a huge 229.65% upside from BTC’s current price of $106,170.

A noted critic of fiat currencies, which he has previously referred to as ‘fake money’, Kiyosaki also urged investors to ‘own more Bitcoin in 2025’, while also reflecting on President-elect Donald Trump as the first ‘Bitcoin president’, on account of his pro-cryptocurrency policy proposals and proposed Cabinet picks.

Those are certainly valid bullish catalysts — but readers should note that Kiyosaki failed to specify a more precise time horizon, or even any background as to how he ended up with $350,000 as a price target.

Just weeks ago, he predicted BTC could crash to $60,000 and set a 2025 Bitcoin price target of $250,000. He may very well end up being right — but at this point, it’s clear that his analysis boils down to general sentiment rather than a clear, precise thesis.

News source:finbold.com

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Other articles published on Dec 19, 2024