Topic: Bitcoin to $120k next year - by Robert Kiyosaki - page 3. (Read 823 times)

Its not a new prediction and I dont believe it can be that simple, if only it were possibly that easy to transform all the things relative in an economy like trade balance and it would work out perfectly.   We can say if it were this easy it would have occurred already.   Remember going back to the WW2 General who led France after the war, people have been warning in the harshest words of the collapse of the dollar and its unsustainable debt or spending done.    
  I dont disagree with the concept but there is a strong momentum to just continue onwards even in a decline of sorts but to simply declare this idea now will transform the world, its not that likely in a moment.  Lots of countries have gold but not all are sustainable long term in the regime and guarantee of supply of that gold.   Even gold backed is only as good as the word that certifies it will be exchangeable on demand, there is still that question of credit assurance I think.  I say that as someone whose held funds in developing country bonds for a while, its a difficult challenging market.

And if we are honest about this we will find out the majority of the predictions out there have no basis whatsoever except the experience of the person making the prediction and nothing else, so just because this is a famous person when it comes to the financial books he publishes  for the average person this does not make him an authority when it comes to predicting the price of bitcoin, the demise of fiat currencies or anything in particular, also it is not as if this person losses anything if he is wrong so he can say whatever he wants.

We have two kinds of actors categories here, some will motivate others to invest in bitcoin for any reason because they are bitcoin investors and love to see others have the same kind of experience they get from the opportunity in bitcoin investment, some other people will only throw out their own perspective to the public on how they feel about bitcoin and make the advantage in going public be their focus point of target for their own recognition regardless of how true is what they are saying or not, they just want to be noticed, but at this stage, we don't need people to tell us what to do or where to invest anymore, we already know where bitcoin is going without anyone saying it public, that's why everyone is so particularly interested in bitcoin because there's future in it, bitcoin can get to $150k or more by next year.

I’ll admit when I saw Robert Kiyosaki in the news making crazy comments about the dollar and wild predictions about Bitcoin, my first thought was that he must be ready to release a new book. He’s sort of like Jim Cramer in that he’s an entertainer first and an economist second. Sadly, as a finance author being a character is the best way to sell books.

I understand.
Probably used the term "bitcoin" to get more attention.

It seems like those news, which are talking about some cryptocurrency - which only serves to deceive people, and the last paragraph is always talking about Bitcoin. Clearly it's to attract clicks.

in my opinion Robert Kiyosaki's comment seemed like a comment coming from someone who hates the dollar and that because of that he is encouraging people to buy gold and silver, but see that he did not encourage people to buy bitcoin, he just spoke that bitcoin price will be 120000$ next year. when he talks about next year then we will have to wait until the end of next year to see that happen, the problem in his prediction was to associate brics decisions to the price of bitcoin, honestly the brics is made up of 2 very democratic countries and 2 countries of dictatorship regime who do not like bitcoin

Could it be that he forgot that Russia and China are dictatorship regimes that don't like cryptocurrencies because they are things they can't control? let's face it, does anyone here in this thread really believe that china and russia would ever create a crypto-backed currency? or that china and russia would allow and legalize cryptocurrencies in their countries in a way that they would allow their citizens to use it as a payment method? I see that his hatred for the dollar is blinding him a lot, the brics will have zero impact on cryptocurrencies in the long run for a positive view, what he talks about is that the US dollar will die, it is absurd that I will not even comment

Some of them are just guessing without analyzing, but some of us do it supported by analysis. Of course both are just a possibility, but you can have more faith in the second prediction where they do the analysis before predicting the value. When someone only guesses numbers when predicting, it's just something that can't be justified analytically so it's good to say it's nonsense.

However, none of these predictions should be taken as financial advice, so be careful and always consider it at your own risk.

Kiyosaki is an extremely successful investor across various asset fields so when he talks it’s usually a good idea to listen. He’s been a long time advocate for bitcoin, I think he knows what he’s talking about. $120,000 isn’t too far fetched, it’s a real possibility if things play out as they have in the past, market cycle timeframes etc. history doesn’t repeat itself but it often rhymes so let’s hope that’s the case here & we are celebrating a $120,000 price next year.

Usually a bull market comes some time after the halving. So if it happens next year, it's unlikely 140k will be fast. Moreover, no one knows from what marks the growth will come. I guess all these predictions are just guessing on a crystal ball. Any of us can name any number we like and it can be considered a prediction.

Bitcoin will be trading at $120,000 very soon but it won't be next year, I just don't see it happening and that's because Bitcoin hasn't passed its previous all time high to my best of knowledge doing the year of halving. Next year will be very positive to the market but not $120,000.

Robert kiyosaki has been very optimistic about bitcoin for a very long time therefore his price prediction will always be bullish. He hate all centralized backed fiat and the US dollars is one of the fiats he hate the most so I understand why he's this bullish on Bitcoin.

$120,000 can be achieved in 2025 and that's my prediction not in 2024, the price of Bitcoin might trade more than $120,000 in 2025 because the market will be filled of institution investors and they always invest big which Bitcoin and possibility of other coins benefiting.

Until 2021 Bitcoin had never reached $60k, that did not mean that it was impossible to reach that level.
It is true that BTC never reached $100k, but that does not mean that it is not capable of reaching there.

Now whether it will reach that figure in 2024 is another question. Personally, I don't think so yet.
But the financial market worldwide is totally unpredictable, so a lot can happen and surprise everyone.

Does Robert Kiyosaki have a crystal ball, so he could predict what the BRICS countries will decide in August 2023?
Or maybe he has some insider information nobody knows about.
I have never heard anything about the BRICS countries planning to release a gold backed cryptocurrency. What I heard is the BRCIS countries wanting to create a payment system(or settlement system) for their national currencies. Maybe Kiyosaki knows something we don't know.


Bitcoin won't reach 120K in 2024. It will be more like 70K-90K USD and the price peak will be in early 2025, not in 2024. It usually takes several months after a BTC halving for the Bitcoin price to hit another ATH. I don't believe that a new ATH will be reached by the end of 2024.
That's my prediction. I don't guarantee 100% accuracy.

Even if he provides more data and his analysis, it is just a prediction, and there is no guarantee it will happen as he said. If he could predict the future, he should have bought bitcoin when it was $15k last year, but I'm pretty sure he wouldn't have bought bitcoin for $15k either. Like you, I have never believed in the bullshit predictions of famous people. And you are right, he is just making random predictions, and the main purpose is to get other people's attention rather than making real predictions about bitcoin.

USD will crash soon? I think this strongest currency will not be easily destroyed by anyone.
2024 bitcoin will reach $120k ? This makes more sense because many are predicting that 2024 will be a bullish year.
i also believe in 2024 bullish will come and lowest price of bitcoin will be at least $150k.

It's not believable that Bitcoin will rise to such amount, because I know quite well that this is a speculation, for the history of bitcoins, bitcoin it never hit one hundred and twenty thousand before and it can't not start on 2024 and land on one hundred and twenty thousand (120k) I think it's impossible, when Bitcoin rise to a certain point it trace to make the value to be strong, i think it's very acknowledge to assume that Bitcoin price will reach sixty thousand (60k)

everyone can make a speculation on this market. so don't take such predictions seriously. some of them are just using their social status to gain followers. for sure, they just state some random statements and not back by any technical analysis on this market.
people should be vigilant about such predictions because if they will spend some of their savings, they should do their own analysis and follow their instincts. most of these so-called experts actually don't know what they are saying.

This isn't an honest message!
What I don't get about this twit is the correlation of the precious metals silver and gold to Bitcoin??

If you actually analyze this message, it's just telling people that Bitcoin is as good as the metals and its okay to try out a new asset on the block!

If am wrong, why would someone say new money is coming in and it's going to be going towards gold...and Bitcoin will benefit.. This is a salesman selling a story with misdirection!

Btw every knows the BRICS  fight is with the dollar 💵,  how does Bitcoin find itself in this war of fiat?

I do not trust such predictions as they are made without a deep analysis of the situation. Often public figures like to make loud statements in order to draw more attention to their person. Such phenomena have been happening for many years and in my memory this is not the first time. Often the majority talks only about growth and a high price, but at the same time, no one is in a hurry to predict a market crash or a deep price drop.

His other business went bankrupt and maybe he is now trying his luck on selling books but it seems the faith of it will end up the same as the others because of how bad he is on predicting stuffs. Even the newbies will find it funny. Like what @DeathAngel said, maybe $120k was still possible by next year but there is no way it will jump to $500k only by just 1 year and then $1.2M after it.

We aren't even sure if $500k is possible but if ever it is then maybe it will happen in the next 5 or more years after 2024. Even without those high values, it will still be possible for us to earn through fluctuations. We will only buy low and wait for the recovery to sell high.

I don't find that reasonable at all, the price will need to go up 4x from the point where it is right now to reach that mark and that is not something very easy to achieve even though I know that Bitcoin has got the potential as we've seen it going up significantly high in very short periods of time, I believe the target is absurdly high for this timeframe because the targets it achieved in the past were not that high but this one seems too high for me.

Besides, for that to happen, Bitcoin will first need to recover to its previous all-time high which in itself is a pretty high target considering what the price is right now, we are around $32k at the moment and it will need to go up $37k more to reach the previous all-time high.