Robert Kiyosaki says Bitcoin will hit $750k after financial bubble bursts

Takeaways from the conference:

• Robert Kiyosaki’s target of $750,000 Bitcoin implies that gold is discounted by 95%, lower than its peak in 2024.

• Bitcoins worth $750,000 might not mean much if your daily living expenses and costs for housing, food and energy are rising.

Robert Kiyosaki is the author of “The Secret” “Rich Dad Poor Dad” On Monday, the series posted on their social media that they had received a large financial payout. “bubble burst” It is near. Financial educator says this economic recession will ultimately lead to a Bitcoin worth $750,000 (BTC( rally within one-year of the crash. 

Kiyosaki’s prediction may appear to be extremely bullish, but when viewed in more detail it has a deeper significance.

A prediction is only valid if there’s a timeline, whether it be 12 months, or longer. The success of a Bitcoin prediction will depend largely on the average US home prices and the cost of a family’s annual living.

The expansion rate of the global monetary supplyThe demand for rare assets tends to increase during periods of high inflation, like the time between 2020-2021. This is regardless of government-issued official measures. For instance, the S&P 500 gained 52% between July 2020 and December 2021, while average home prices in major US capital cities surged by 38% in two years.

Kiyosaki predicts that the gold price will reach $35,000 an ounce a year after financial crisis. “bubble burst,” This would represent a gain of 546% over its previous highest daily closing. Bitcoin’s ambitious $750,000 goal is 500% more than the $124.724 close record.

Kiyosaki says that Bitcoin will be surpassed by gold as a form of store value 

Kiyosaki’s target for gold yields a $243.2 trillion market capitalization, which is 4.4 times larger than the current aggregate market cap for the entire S&P 500.

Kiyosaki thinks the Bitcoin-to gold ratio should be at 21.5, which is well below the previous 40-year-old high of December 2024. Kiyosaki’s prediction is far from optimistic, as the 200-day average ratio currently stands at 22. Gold’s output would also increase if the price of gold surged to these levels.

Kiyosaki is said to have predicted great economic crises without success since 2011. according US News. Kiyosaki wrote in September 2015 that: “I’ve been predicting since ’02 that we would see a stock market crash in ’16,” while the S&P 500 actually gained 9.5% in that year. Although it may seem unconventional, trying to predict the market more than 10 year in advance is not a good idea.

Kiyosaki is planning to launch a new product in the May of 2024. posted Followers were warned to take action after the crash, which was described as “the biggest in history”. “not get greedy” Avoid catching “falling knives.” This suggestion was made five months after an earlier warning regarding a possible bank credit. sell-off similar to 2008. More than twenty months after the first incident, not a single thing remotely comparable has happened.

Related: Lyn Alden tips Bitcoin outperforming gold over next ‘two to three years’

Kiyosaki suggested that people save in silver and gold, but Bitcoin was mentioned as well. However, the S&P 500 rallied 16% over the following 8 months, while gold prices gained 15% and silver traded up 11%. Kiyosaki is known for his unfavourable record, and he tends to favor market declines.

Bitcoin may reach $750,000 but that does not make it a top-5 cryptocurrency by capitalization. Kiyosaki, for example, expects the price of silver to exceed $11 trillion following the “so-called” crash. “bubble burst.” Kiyosaki’s bold forecast is not bullish for Bitcoin, despite its high price target.