According to Robert Kiyosaki, postponing BTC purchases at this time would be a big mistake, to the point that he defines it as “important” to start buying even just $500 in BTC.
A couple of days ago, Robert Kiyosaki published a decidedly very optimistic prediction about the price of Bitcoin: $300,000 by the end of 2024.
On X, Kiyosaki published that “BITCOIN [is] on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024.”
In October of last year, after the current Bullrun began, he stated that the price of Bitcoin was heading towards $135,000, and less than a month ago he reiterated that he believed $100,000 could be reached in June.
Bitcoin Price Prediction at $300,000
The forecast for March 6 is, therefore, more optimistic than that of last October, but in line with both that of February 2024 and that of February 2023.
That is, it appears that during the ongoing bull run Kiyosaki went from believing that an increase in the price of Bitcoin in 2024 up to $135,000 was possible to even considering an increase up to $300,000 possible. All of this remains in line with his prediction that Bitcoin will hit $500,000 next year.
Among other things, this last figure is also the one indicated by the famous Stock-to-Flow of PlanB, which however in 2021 clearly did not meet the prediction of Bitcoin at 100,000 USD.
However, it must be emphasized that, in the meantime, many things have changed and, above all, spot Bitcoin ETFs have arrived on the US stock exchanges.
Kiyosaki himself had never made a prediction of $500,000 by 2025 before the news of the likely SEC approval of Bitcoin spot ETFs came to light, published in late August 2023 following Grayscale’s victory. in the tribunals.
Furthermore, until relatively recently, very few people imagined that the price of Bitcoin could record a new all-time high before the halving. So far, reality has proven to be more optimistic than predictions, if the average values are taken, so Kiyosaki’s very optimistic prediction may not even be completely wrong.
Medium/long-term Trend
The fact that the bottom of the last bear market was just above $15,000 did not surprise many. Not only Kiyosaki came close, but so did other analysts. For example, many claimed it could have been around $13,000. However, at that time, approval of spot Bitcoin ETFs was not on the horizon, so the situation was relatively more normal and perhaps a little more predictable.
The turning point came in 2023, not only thanks to the return exceeding $30,000 in a relatively short time, but above all thanks to the news at the end of August, when a court effectively ordered the SEC to approve the ETFs of Spot Bitcoin. Much has changed since then, to the point that a bull run, still ongoing, almost totally unexpected, was triggered in October.
If things had gone as in the previous two cycles, the price of BTC should have reached the halving at around $35,000, that is, a figure not much higher than that of October 2023, when it rose again to $30,000. Without ETFs, the scenario would probably have been this or something similar.
Instead, a few days ago, or about a month and a half before the halving, the price briefly rose above $69,000, or almost double the expected $35,000. The current trend is therefore completely anomalous, so even optimistic forecasts like Kiyosaki’s at the moment seem to have some probability of being correct.
By Audy Castaneda
