Renowned investor and author of the bestseller “Rich Dad Poor Dad,” Robert Kiyosaki, has predicted a significant surge in Bitcoin’s value, potentially reaching an all-time high of $150,000. This forecast is primarily based on the potential approval of a spot Bitcoin ETF in the United States, which Kiyosaki believes could be a game-changer.
The introduction of this product would simplify the process for institutional investors to gain exposure to Bitcoin, eliminating many of the challenges associated with crypto investment, such as self-custody. The influx of fresh capital into the market could positively influence the price of the leading digital asset.
The Securities and Exchange Commission (SEC) is expected to make a decision on numerous ETF applications from various finance giants in the coming days. Some experts, including Eric Balchunas and Lark Davis, are optimistic about a favorable outcome.
Alongside his bullish prediction for Bitcoin, Kiyosaki has also confirmed his plans to increase his exposure to the asset, as well as gold and silver. He expressed his disdain for those who save in what he refers to as “fake fiat US dollars,” and stated his intention to buy more gold, silver, and Bitcoin with these “fake dollars.”
Earlier this year, Kiyosaki encouraged people to pay attention to another bullish event: the Bitcoin halving. This event cuts miners’ rewards in half, potentially causing a reduced supply growth that could trigger a price rally for Bitcoin, assuming demand remains the same or increases. Historically, the halving has been followed by record-breaking bull runs.
The creator of the stock-to-flow model, “PlanB,” also believes that the halving will have a significant impact on Bitcoin, potentially driving its price up to a staggering $532,000.
Another positive indicator for Bitcoin’s value is the Bitcoin exchange netflow. According to CryptoQuant, outflows have significantly exceeded inflows in the past two days. This shift from centralized platforms towards self-custody is considered bullish, as it reduces the immediate selling pressure.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Lark Davis, Robert Kiyosaki, Eric Balchunas |
| Companies | CryptoQuant, Binance Futures, Securities and Exchange Commission |
| Currencies | united states dollar, Silver, Bitcoin, Gold |
| Securities | None |
