Bestselling Finance Author Says Bitcoin Will Reach $500,000, But What Will Drive It? | Bitcoinist.com

‘Rich Dad Poor Dad’ creator Robert Kiyosaki has not been shy to let the world find out about his help of bitcoin and the finance author has come out once more to reiterate this help. This time round, Kiyosaki paints an extremely bullish narrative for the digital asset over the following few years.

Bitcoin Will Contact $500,000 In Two Years

In a latest tweet, Kiyosaki informed his over 2.3 million followers on Twitter that he expects the worth of Bitcoin to achieve $500,000 within the subsequent two years. The creator highlights this throughout a time when the markets stay in an unsure place because of not understanding what the Federal Reserve will do to curb inflation.

Kiyosaki defined that he expects the worth of the digital asset to truly attain $500,000 by 2025 as a result of the Fed will truly preserve printing extra money. He has beforehand mentioned that the declining religion within the U.S. greenback can be the set off for this rally and he reiterated this as soon as extra. 

Large crash coming. Despair potential. Fed compelled to print billions in pretend cash. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? As a result of religion in US greenback, pretend cash, might be destroyed. Gold & Silver Gods cash. Bitcoin folks’s $. Take care.

— Robert Kiyosaki (@theRealKiyosaki) February 13, 2023

In response to the author, whereas bitcoin will hit $500,000, different asset lessons reminiscent of gold and silver will hit $5,000 and $500, respectively, in the identical 12 months. He refers to bitcoin because the ‘people’s greenback’ at a time when he expects a large crash and even a despair.

How Is BTC Doing In The Quick Time period?

Kiyosaki’s predictions vary over the long run however for now, Bitcoin remains to be struggling to carry its worth. The digital asset has already misplaced its footing above $23,000 final week and is getting into the brand new week within the crimson, and it doesn’t appear like it will get higher.

Within the early hours of Monday, the digital asset accomplished its first weekly dying cross which analysts reminiscent of Benjamin Cowen have posted about. This indicator is one which is normally bearish, so the dying cross has sparked some stage of worry available in the market. 

BTC sees first weekly dying cross | Supply: Twitter

With the dying cross confirmed, BTC is already seeing a draw back, falling to the $21,600 stage. Additional decline is predicted from this level, however this stays to be seen provided that investor sentiment remains to be at a great impartial level.

For now, all eyes are on the CPI information report that’s anticipated to be launched on Tuesday. If it comes out nearly as good as January’s numbers, then it may invalidate the dying cross, resulting in extra upside for the digital asset.

Bitcoin is at the moment altering arms at a worth of $21,627 on the time of this writing. It is down 1.28% within the final 24 hours and seeing losses of 5.3% within the final seven days.

BTC worth struggles at $21,600 as dying cross is triggered | Supply: BTCUSD on TradingView.com
Comply with Best Owie on Twitter for market insights, updates, and the occasional humorous tweet… Featured picture from Blockchain Journal, chart from TradingView.com

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