Bitcoin to $120k next year - by Robert Kiyosaki - page 4.

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Quote from: LogitechMouse on July 15, 2023, 04:25:51 AM

Quote from: joker_josue on July 12, 2023, 07:51:38 AM

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What do you think of this type of predictions? Do you feel the market moving in that direction?

He is a big basher of the banks. He is for me, the biggest anti-dollar, and in his videos, he always says that the dollar already lost it's value in 1971 when Nixon ended the conversion between Gold and USD.

Anyone is entitled to making his or her own opinions but from all we know the US dollar is one of the world highest currency reserves for many countries and losing its value in the way he had explained is something I doubt. There has been may speculations about the future of bitcoin price by 2024 and this has raised much hopes in the minds of bitcoin enthusiasts to what 2024 could bring in for us. 120k price for Bitcoin is possible checking the last bitcoin ATH and 120k is just a double of the ATH nevertheless am speculating a closer price to 120k by the end of 2024.

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Quote from: Joshapat on July 15, 2023, 08:34:50 AM

I think the price potential will soon reach $ 120k or even more in the next year due to many factors, of course the most influential main factor is the halving day which will make bitcoin easily go up 200% in a short time, if at the end of this year it can close at least $ 60k then I'm sure and optimistic that $120k will occur before the 2024 halving day.

Such positive thinking will drive Bitcoin higher in the years to come, and one day Bitcoin will achieve this target. In the area where Bitcoin is currently trading, this price was once a big deal to many Bitcoin investors. But we achieved a bigger target in the last bull market. So it is easily conceivable that after the next halving we could see another huge bull market and achieve the $120k target.

But the market will not go to that target overnight. Before this, the market will correct again to drive weak, impatient investors out of the market. So optimistic investors must know how positive the Bitcoin market trend can be in the coming years, and how to prepare for the next bull market.

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I think the price potential will soon reach $ 120k or even more in the next year due to many factors, of course the most influential main factor is the halving day which will make bitcoin easily go up 200% in a short time, if at the end of this year it can close at least $ 60k then I'm sure and optimistic that $120k will occur before the 2024 halving day.

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Quote from: LogitechMouse on July 15, 2023, 04:25:51 AM

Quote from: joker_josue on July 12, 2023, 07:51:38 AM

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What do you think of this type of predictions? Do you feel the market moving in that direction?

He is a big basher of the banks. He is for me, the biggest anti-dollar, and in his videos, he always says that the dollar already lost it's value in 1971 when Nixon ended the conversion between Gold and USD.

I agree, he always keep on saying hate words against the US dollars. But you know what? He's still using them and even leveraging it to expand his assets.

He's into gold, silver, real estate and even Bitcoin. For someone like him, it wouldn't be a surprising thing to be said that we'll hear a high price prediction in the future for Bitcoin.

There are still people that doesn't like him because with how he's good in selling his book and himself. But I randomly likes to listen some of his stories being brought into his videos.

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Quote from: joker_josue on July 15, 2023, 02:43:05 AM

Quote from: skarais on July 14, 2023, 12:33:33 PM

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I believe that bitcoin is capable of rising in the next 2 years, to very interesting values and even breaking its record. But I think it will be around $80k.

I don't know how you arrived at your price of $80k but what I do know is that the next ATH of Bitcoin will be more than that. In fact, I'm of the same opinion with user skarais on that. What informed my prediction is that every Bitcoin new ATH has always done more than double the previous ATH. I'm drawing experience from the ones of 2017 (when I joined this industry) and 2021. In 2017, Bitcoin ATH was slightly less than $19k. In 2021, it got close to $69k. Your projection of $80k is just slightly $11k up of the last bull run result. It's not even anywhere close to 1½ of it let alone double. Double of $69k should give us $138k. To be on the safe side, we should be expecting something between $120k – $150k at least.

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Of course, this market is quite unpredictable, and nobody can say with certainty what will happen, but we have our guesses. And it's a bit on that basis, that we look at bitcoin and the market, based on the analyzes we do and what we think will happen.

True, the market is unpredictable but estimations and speculations can still be made.

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Quote from: joker_josue on July 12, 2023, 07:51:38 AM

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What do you think of this type of predictions? Do you feel the market moving in that direction?

He is a big basher of the banks. He is for me, the biggest anti-dollar, and in his videos, he always says that the dollar already lost it's value in 1971 when Nixon ended the conversion between Gold and USD.

Nevertheless, $120,000 is a very realistic prediction knowing that the halving will happen at the same year, and during the last 4-year cycles, the price of Bitcoin always goes up significantly a few months after the halving. Seeing Bitcoin to 6-digits is the one that we didn't see yet, and many predicted that it might happen last 2021, but obviously it didn't happen. Anyway, I think that I'll just say that Bitcoin will reach 6-digits next year though I would be happy to see it reaching the price of $120,000.

Kiyosaki's prediction does have little to no effect towards the price of Bitcoin unlike Elon a few years ago, but seeing a big investor like him supporting or at least tackling Bitcoin is already a good thing. Blackrock's spot ETF will be the catalyst towards the bull run that we're waiting for.

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Quote from: skarais on July 14, 2023, 12:33:33 PM

Bitcoin will be $120k next year I think that prediction is too easy to say considering bitcoin fundamentals will actually have a positive impact on its price. We have a halving next year, obviously that will push the price even higher. In fact I'm confident enough to say bitcoin will be $150k in the next 2 years, that's also because of its strong fundamentals.

By the way, I am of the opinion that while BTC does not reach $100k, I think it is an exaggeration to say that the value will be 20k, 30k or 50k above the 100k.

I believe that bitcoin is capable of rising in the next 2 years, to very interesting values and even breaking its record. But I think it will be around $80k.
Of course, this market is quite unpredictable, and nobody can say with certainty what will happen, but we have our guesses. And it's a bit on that basis, that we look at bitcoin and the market, based on the analyzes we do and what we think will happen.

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This is what they do for a bitcoin price prediction or speculations, if they have invested and wanted to give them selves hope (Optimistic) they will come to air that bitcoin would get to some certain price whereby we know and believe that it must get to such price. Let say, the previous ATH was around $69k and they knew every year we alway witnessed another height which is very possible to achieve and with this prediction attracting more investor to buy and hold. I believe some of these tweets always have positive action acting towards the bitcoin especially a post from a famous investor a media influential such as Elon or CZ of Binance. Saying Bitcoin $120k is like being underrating the exponentials of the bull run as way back common to attain within this limited time frame.

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Bitcoin will be $120k next year I think that prediction is too easy to say considering bitcoin fundamentals will actually have a positive impact on its price. We have a halving next year, obviously that will push the price even higher. In fact I'm confident enough to say bitcoin will be $150k in the next 2 years, that's also because of its strong fundamentals.

Sometimes what influencers say doesn't convince me, but if they make a halving benchmark in their analysis then I can trust them. Even if $120k is not reached within 5 - 10 months after the halving, then I believe bitcoin price will hit a new ATH in 2024 or 2025.

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I can say that based on his possible analysis and result that was archived, he has put up that speculation. There's every tendency that his assumption will never happen the way he's sited it, because sometimes things don't just happen the way we assume them to. I know that the way the economy is going, it's a reason to think that what he said could be possible, but perhaps things could still take a turn. Although I believe that Bitcoin can reach $100k next year, it's just a matter of probability. We can never tell everything about what is likely to happen in the future.

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I don’t think 120k is too unrealistic by the end of 2024. It’s definitely possible if we get a long awaited spot ETF approval. If we don’t go that high in 2024 then we’ll do it in the peak of the run up in 2025 any way. Mainstream adoption is coming whether the FED, SEC or whoever likes it or not. It’s going to be fun, strap in.

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Dont forget that Robert Kiyosaki is a businessman and influencer on first place, and was never a market analyst. He has been predicting Bitcoin to cost $500k by the end of 2025 and $1.2 million by the end of 2026. He has been making predictions every quarter. His real goal is to stay visible on the media and to sell his books. Dont forget about that every single time you see him making a prediction. In fact, check out his biography on wikipedia. If he is good at making predictions, then why all of his businesses went bankrupt?

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It seems that the prediction makes sense for next year but unfortunately, he also does not provide a prediction in what month Bitcoin can reach that price. But no one really knows when the price of Bitcoin can reach $120k in the next year or even 2 years from now.

Meanwhile, the Bitcoin price is still around $31k and has slightly increased from the previous few days. Maybe this month, there will be more bulls for Bitcoin, so there is a positive sentiment in the market and more support will come for Bitcoin. While the market is indeed moving in that direction, we do not know when a long rally for Bitcoin will occur and can only wait.

And before that long rally comes, we must prepare by buying more Bitcoin at this price because this might be our last moment to accumulate more. Once we have a lot of Bitcoin, we must wait for that long rally.

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Quote from: joker_josue on July 12, 2023, 07:51:38 AM

In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.

https://twitter.com/theRealKiyosaki/status/1678652054951317504

What do you think of this type of predictions? Do you feel the market moving in that direction?

Economists are legitimate to say anything, for example, like Kiyosaki on his Twitter, but you see, the responses are certainly varied. I myself give a rating let the market move as it is because it's not just that one factor that makes the market price go up and down. I personally am simple in responding to this because, what affects the price is only the demand and supply itself. If a massive sell-off will have the potential for BTC to fall again.

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Quote from: el kaka22 on July 13, 2023, 11:31:31 AM

Kiyosaki is not really as smart as people give him credit for, what he has "figured out" to be rich is not really something he figured out, he just wrote the best book about it, but it was a known old story and not really something new at all. I hope that it gets to a point where people realize that what he says doesn't matter.

And no, BRICS did not produced a gold backed crypto, there is a CBDC but that's a totally different situation and we do not have trillions running away because of it, nor it is used all that much, it's used very little to matter macro economy. In the end inflation is through the roof is the only thing he is right about, so dollar is terrible and you should buy bitcoin, but not because he said it, only because it's what you should do.

Don't think he ever claimed to be smart, nor do people really think he is. They do feel like he knows what he's talking about when it comes to money sense.

Never read his book but hear enough about it to say he probably has valid points but skips all the essential stuff that helped him get where he was. Few rich people will ever admit they had more access and help than regular people ever will.

Self made and "came with the shirt on my back" is the common, but glossed ove, trope.

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Quote from: Paul Pogba on July 13, 2023, 11:08:19 PM

Yes, that's right, without predictions from anyone, the price of bitcoin will soon reach $ 120k, for those who are smart, of course, they don't hesitate to invest in bitcoin, it's proven that today it can rise again by more than 4% so that it makes hope that the price of $ 120k will be reached when approaching the halving day year 2024.

bitcoin will be able to do as much as you would expect [$120K], but I doubt that will be done this year. but I can't avoid that after the era of the halving period it will be able to be done, and maybe that price is the latest ATH from bitcoin, or it can be even higher if you look at past experiences that have been carried out. buy and hold so you don't get left behind and get to enjoy those upgrades later.

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Quote from: Falconer on July 13, 2023, 11:50:27 AM

Without Robert Kiyosaki's prediction, I personally also believe that bitcoin will have a price higher than $100k after the 2024 halving. We are waiting for that moment and there is definitely hope of getting ATH over $120k, but of course we have to be patient with time and volatility .

An increase in price towards $120k won't be as smooth as a toll road, that it's too smooth for a volatile asset like bitcoin. In fact we can expect some correction to test the new support, while resistance will be tested with increasing demand. I would expect $120k to be reached in less than a year after the halving, but the market needs a lot of money to get there.

Yes, that's right, without predictions from anyone, the price of bitcoin will soon reach $ 120k, for those who are smart, of course, they don't hesitate to invest in bitcoin, it's proven that today it can rise again by more than 4% so that it makes hope that the price of $ 120k will be reached when approaching the halving day year 2024.

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Quote from: flyingcarpet on July 13, 2023, 03:59:35 AM

Quote from: Smack That Ace on July 12, 2023, 11:43:39 PM

Quote from: adaseb on July 12, 2023, 10:48:46 PM

Honestly I think when he tweets something about Bitcoin, usually it’s a top signal. He has been a big bear for the us stock market and if you followed all his advice you would be broke. He is almost as bad as that Jim Cramer guy.

I like his book and all but when it comes to trading I just see all his tweets and comments as entertainment value only. He’s been saying US will be in a nasty recession for years now.

He like us, does not have a crystal ball to predict the future, so there is no reason for us not to believe in ourselves but in his predictions. Yes, they are better and richer than us, but that doesn't mean they know everything about the market or everything they say is correct. I really don't care about any bitcoin expert's predictions. If they can know everything in advance, why don't they put all their wealth into bitcoin to get richer and richer? I don't think they were good enough to inform us about that.

I agree with both comments. I don't trust these people's predictions about the future. Just because a person is famous doesn't mean what they say will be true. We talk among our friends and make guesses. Since these people are famous, they write their predictions on social media. They get more attention than us, that's all. Nobody knows anything.

The only resource you value should be yourself.

There's no reason to believe these celebs' predictions, but it occurred to me that the market with their participation isn't that bad sometimes because they have a large fan base. If they join and believe in bitcoin, then I think they will also contribute to the bull market as their followers will also invest in bitcoin. But in the end, everyone is for personal gain, so find out everything by yourself and don't trust anyone. The market is the battlefield.

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Quote

and that in 2024 bitcoin will be worth $120k.

If this is coming from Robert Kiyosaki I won't be surprised because has a soft support for bitcoin unlike Warren buffet who saw bitcoin to be a bubble that will soon burst to tin air. Robert after writing his book rich dad poor dad has grown in he preaches for wealth creation. Predicting $120k for bitcoin in 1- 2years time is very reasonable if we look at the last ATH @64k, so it is very likely to happen with the rate of value it holds with institutions and whales that are accumulating while some are waiting for a drop before the real bull next year.

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Quote from: el kaka22 on July 13, 2023, 11:31:31 AM

Kiyosaki is not really as smart as people give him credit for, what he has "figured out" to be rich is not really something he figured out, he just wrote the best book about it, but it was a known old story and not really something new at all. I hope that it gets to a point where people realize that what he says doesn't matter.

Yeah, he didn't invent everything I admit to that, but the way he told his story, he is a great story teller and that's why many investors follow him and getting him credits for what he has done and why he is a millionaire today.

But for us who have been following bitcoin for years, we know we're are getting in the next bull run. And it just coincides with with others are predicting as well, whether it was Robert, a hedge fund investors, a institution, banks, and even the majority of us. It's as conservative estimates, to be honest, as we are expecting even higher returns in the next bull run.

Topic: Bitcoin to $120k next year - by Robert Kiyosaki - page 4. (Read 823 times)