Bitcoin to $120k next year - by Robert Kiyosaki - page 5.

Sayeds56

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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.

I agree with your perspective that Bitcoin can potentially surpass even $120,000, especially considering the important halving event of 2024. The CPI report of June-23 announced yesterday, showing downwards trend in consumer price index. This is another positive development for both stocks and Bitcoin markets. Currently, Bitcoin is trading above $31,000 which is very encouraging. In the context of current positive developments about ETFs, downwards trends in inflation, there is strong possibility that Bitcoin can surpass $45,000 before the end of 2023. Looking ahead in 2024 with halving event, there is likelihood that Bitcoin can break previous all time high of $69,000 and could reach new highs.

Falconer

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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.

el kaka22

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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.

ShowOff

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Quote from: Yaunfitda on July 13, 2023, 06:09:07 AM

I think everyone here knows what the real deal is, we have the halving next year and if we are going to based on the past, it's possible that $120k can be achieved. It's just a rough estimate though, so it could grow even more.

The good thing is that this words come from a well known and I would say respectable investor, he had written book about it and even appear to the media and continue to preach it. So either we believed in him or not, it's up to us.

It's up to who to make the predictions, but when we look back and realize what bitcoin will achieve after the halving then of course there is good optimism about a higher price. I can expect a new ATH after the 2024 halving and I think bitcoin price could be 3 to 4 times the previous ATH. Of course I can't say what the highest price bitcoin could reach after the halving, but it seems $120k - $200k is a realistic value to hope for if the same pattern does repeat itself.

So far, I haven't really thought about how high the price will be and when the new ATH will be reached, but as long as my target is met, I will take advantage of my investment.

Kadal Ijo

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There is a lot of speculation from the world's top influencers who predict the price of bitcoin will skyrocket, in my opinion this is natural because bitcoin is increasingly popular and cannot be stopped, when there is a country that strictly prohibits bitcoin then it becomes free advertising for anyone so they are curious and finally invest in bitcoin.

joker_josue

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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.

This often happens because these people have become famous for having made a guess in the past that was correct. Especially if that hunch was completely contrary to what most experts were saying.

Logically, all those who like to analyze the market and make their calculations like to give their predictions. But, that doesn't follow that they are going to be correct. If I say, on every day, that tomorrow it's going to rain, I'll get it right someday. Roll Eyes

Therefore, each one must always analyze, study, do their math and draw their conclusions before making investments. These people's guesses can only be of help to add criteria to our analysis, to draw our own conclusions.

Sayeds56

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

It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024

The news is very exciting for Bitcoin investors and trader. However, as we all know that, it is difficult to predict the future price of Bitcoin, and we have seen many predictions of Bitcoin reaching $100,000 in 2021, that didn't materialize. However, this particular prediction is based on hypothesis of weakening US dollar which is supported by global events such as emergence of BRICKS organization. The member countries of this organization are struggling to find out an alternative US dollar as International currency for global trade. These development can potentially have a negative impact on US dollar and making Bitcoin an attractive alternative.

In summary, we can not dismiss the possibility of Bitcoin reaching $120,000 in 2024, however future developments in financial markets will determine, how Bitcoin plays out in coming months and years.

Yaunfitda

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I think everyone here knows what the real deal is, we have the halving next year and if we are going to based on the past, it's possible that $120k can be achieved. It's just a rough estimate though, so it could grow even more.

The good thing is that this words come from a well known and I would say respectable investor, he had written book about it and even appear to the media and continue to preach it. So either we believed in him or not, it's up to us.

gunhell16

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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?

It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

We know that Robert Kiyosaki is just one of the tycoon businessmen known all over the world, which means that he has big holdings of Bitcoin for sure because he posted something like that about Bitcoin. And what does he mean that US$ will die next year? what could be the reason? Is the U.S. going to remove it and replace it with Bitcoin?

It seems like I just read an article the other day that someone also predicted that by the end of 2024, the Bitcoin price value will be 120k$, that's not accurate, is it? because that is still a prediction, but there is a high chance that it will be 100k$.

posi

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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.

Yes, they always make predictions or statements that cause attention because they aim to find a way to attract the crowd. They have never been willing to help the community, what they want is to find a way to benefit themselves. I believe that as long as people don't stop following these celebrities, there will be a lot of losers in the market.

Even though they are billionaires, let's see if they bring us any benefits or just make a profit for themselves. It's best to stop listening to what they have to say and come up with your own analysis and judgment.

19Nov16

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The reputation of the finances and economics of Robert Kiyosaki makes us no longer hesitate that Bitcoin Next Year will reach $ 120k, and in my opinion without predictions Kiyosaki the price of Bitcoin will reach $ 120k Next Year so that we have to always be optimistic about the future of Bitcoin.

flyingcarpet

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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.

Smack That Ace

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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.

Poker Player

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Yes, well, it's one of the many predictions we're going to see, and in this case it's somewhat conservative I would say. Passing $100K after halving is what we all expect, I would say. Failure to complete the beating of that goal in this cycle will be a disaster for return expectations and predictive models will have to be rethought. Although it could also be that the peak is reached in 2025, according to previous cycles. I find the $120K prediction for 2024 OK, but I would expect the price to go up some more, surely to $150, and who knows if even approaching $200K but probably by 2025.

adaseb

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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.

Mahanton

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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?

It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

This is a realistic approach comparing into those $500k - $1M price predictions that we do see around on which i wont really be that able to shock if ever the price would really be able to hit up that level.
Lots of economic problems and issues is really that tending to happen and if these things gots more worst then it wont really be that impossible that we would really be seeing these numbers on next year.
Although we are really that fast approaching on next halving then we might be able to see higher numbers when bull run kicks in. These institutional investors and figures are really that still speculators
because dont know on what this market would be bringing and on how it would really be able to behave.This is why it would really be that better if you would really just going with the flow
if you are really that an investor and would really be holding for long.

OgNasty

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He’s a great author of one of the first finance books I ever read and I respect him a great deal. He obviously knows a lot about economics and has a great story as well as an amazing ability to tell it. That being said, I’m not sure how great he is at predicting Bitcoin’s price or how involved he is in the market/community. Still, BTC is climbing back into the news.

South Park

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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.

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

It is curious to note that Standard Chartered Bank, which recently claimed that Bitcoin will surpass $100,000 by the end of 2024.

120k for each bitcoin on 2024 seems high, I could expect to see that price on 2025 but not on 2024, however the rest of the prediction is all over the place, while I believe the fiat system will at some point collapse, as it is impossible to keep it running forever, at the same time he is predicting the US dollar will die very shortly, and I do not see this as a regular fiat currency can indeed die very quickly, but when that currency is the reserve currency of the world then this is a process which is way slower.

Franctoshi

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Robert Kiyosaki is someone I value so much and most of his predictions about the economy used to come to pass, I could recall his prediction before the COVID-19 pandemic where he talked about the looming economy that everything was going to crash when the FED was calling inflation by continuously printing of money during and after the coronavirus pandemic which brought us to the present situation.

It is possible that Bitcoin can get to $120k per coin because the FED has no solution to the current economic problem, So the more people get to realize this, the more investors will seek safety in Bitcoin and Gold.

rby

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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

Bitcoin will obviously get to 100k and also exceed. The last bull run nearly made it to 100k but failed. If the last bull run failed, it therefore means the next will not fail, this is because the bitcoin ATH is 69k, x2 of 69k is above 120k. It is purely a realistic prediction.

What I do not actually know is when this prediction will happen. Some people are predicting bull run before halving, some are predicting bull run during halving while others believe it will be after the halving. This means that bitcoin halving has a great role to play in taking btc price to 100k

Talking about fall of USD, gold and maybe stocks, I am not so confident of it but I surely know that the hype that will accompany this season's bull run will be high and the FOMO it will create will be disturbing. This is the right time to accumulate but many are skeptical.

Topic: Bitcoin to $120k next year - by Robert Kiyosaki - page 5. (Read 823 times)