The author of Rich Dad Poor Dad expects bitcoin (btc), gold and silver prices to recover in the near future as every government in the world prints more money, driving inflation to a high of several years.
Popular entrepreneur and financial educator Robert Kiyosaki issued a prediction for bitcoin (btc) and major precious metals amid increased volatility in the crypto space. According to Kiyosaki, the price of bitcoin is well positioned to rise towards $135,000 in the short term. His btc price prediction follows a recent rally induced by a fake spot ETF approval update that has sparked cryptocurrency traders’ FOMO. Notably, bitcoin price has been retesting the resistance zone above $30,000 and below $32,000 for the third time so far this year.
With Notable Increase in bitcoin Trading Volume, crypto Experts Believe bitcoin/” target=”_blank” rel=”nofollow noopener”>btc price is well positioned to surpass $32,000 and reach $40,000 amid the ‘Uptober’ cryptocurrency bullish narrative. Furthermore, bitcoin‘s recent rally above $30,000 is supported by a notable increase in altcoin trading volume.
Macro Analysis on bitcoin Price Action by Kiyosaki
With bitcoin‘s fourth halving in less than six months, Kiyosaki is confident that the supply-demand shock will push the mother currency above $100,000 toward $135,000. Now that the US Federal Reserve leads other global central banks in printing more fiat money out of the air, Kiyosaki is confident of an imminent breakout soon. Additionally, notable institutional demand driven by the recent bitcoin ETF frenzy has instilled confidence in the long-term prosperity of digital assets against fiat currencies.
Gold will soon surpass $2,100 and then take off. You will wish you had bought gold under $2,000. Next stop in gold: $3,700. bitcoin tests $30,000. Next stop bitcoin $135,000. Silver from $23 to $68 per ounce. F’d Fake Dollar Savers. Please tell your friends to “wake up”…
—Robert Kiyosaki (@theRealKiyosaki) October 20, 2023
bitcoin‘s ultimate growth is largely supported by the declining returns of gold among other precious metals. Furthermore, the price of bitcoin has grown around 147 percent since August 2020 compared to 18 percent for gold, which has motivated MicroStrategy Inc (NASDAQ:MSTR) to continue accumulating more coins.
However, Kiyosaki is confident that the precious metals industry will continue to grow in the near future as demand increases. Precisely, Kiyosaki believes that gold will soon exceed $2,000 and rise to $3,700. According to the latest market data, US dollar gold derivatives were trading around $1,979, up 3.3 percent over the past five days.
As for silver, Kiyosaki issued a prediction of $68, which is almost triple current prices of around $23. He concluded that dollar holders should buy bitcoin and precious metals to protect themselves against an imminent implosion.
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The widespread adoption of bitcoin and other digital assets is largely tied to the ability of decentralized finance (DeFi) developers to build infrastructure capable of seamlessly onboarding billions of global users. Additionally, smart contracts will allow more companies to create applications that everyday users can easily interact with. Meanwhile, bitcoin and other digital assets remain speculative investment instruments intended to protect against high inflation and help investors weather the various sanctions created by the geopolitical crisis.
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