Robert Kiyosaki – a Bitcoin enthusiast and popular author – is once again in the news after making the claim that Bitcoins can reach $13,000,000. Author of “Rich Dad Poor Dad” Michael Saylor’s interview with Strategy, which was broadcast online in November last year, prompted him to make his prediction.
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Patrick Bet-David, a podcaster from November last year, asked a hypothetical question about price movement and market capitalization for Bitcoin. He stated that Bitcoin can reach $13 million if its price increases 700x from $90k to reflect an increase in adoption from 0.1% up to 7%.
Saylor also agreed, creating an online buzz. Kiyosaki, one of the most popular gurus in finance today. cryptocurrency Commentators who repeat Saylor’s prediction add that choosing the flagship crypto to invest in is smart.
$13 million Bitcoin:….according to Michael Saylor. He is probably right. I think he is a very smart child. Bitcoins are worth $90,00,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
Saylor is confident about BTC price and backs the $13M projection
Bet-David, who knows that Saylor’s company has a $73 billion market capitalization, asked Saylor in the interview about its long-term worth, despite knowing this. Bet-David opened the interview by saying that Bitcoin is currently a 0.1% adoption market, and can increase up to 7%.
Bet-David asked Strategy if it can reach 144x within 21 years if Bitcoin is trading at $90k but increases to $13m. Saylor was in agreement with the math. He believes the crypto market will be at its highest point. $13 million.
Kiyosaki shared his views on the bullish forecast and even compared it to education costs. He said that investing 0.1 BTC can be more profitable than going to university, where you will have a student loan of $50,000.
Kiyosaki slammed traditional education and in particular the tendency for people to take MBA courses but fail to achieve millionaire status.
What if BTC costs $13M?
Saylor’s bold prediction was certainly a topic of conversation, but the interviewer offered some explanations. This is the Strategy Bitcoin is currently in the market for about $95k and has a 0.1% adoption rate, says co-founder.
He expects that if demand for Bitcoin and its adoption increases to 7% he will see a huge price increase. Further, he argued that a scenario like this could push the price of Bitcoin into the millions since there is a limited amount in circulation. BTC could reach $13 Million, which would make a 0.01 Bitcoin worth $9k valued today at $130k.
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BTC and MBA: Can they be compared?
Kiyosaki addressed the issue of student loan debt in a post on Twitter/X. Kiyosaki even argued it was better to hold digital assets than take out a mortgage for an MBA. Kiyosaki said that investing in Bitcoin is a better financial decision than completing an MBA degree. “flimsy MBA”.
Kiyosaki also said Bitcoin’s potential is greater than what an MBA could bring. The cost of an MBA at top US universities ranges from $50k up to $200k. Many students leave business school with massive student loans and little or no guarantee of return.
The author suggested that everyone invest just 0.01 BTC today for $9k and reap the rewards in the future.
Chart by TradingView. Image from Gemini Imagen.
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Source: www.newsbtc.com
