Bitcoin Price Target at $250,000, Robert Kiyosaki Says

Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ has issued another Bitcoin price target for this year. Known as one of the biggest advocates of the top coin and traditional assets like Gold and Silver, Kiyosaki has shared a key reason why these assets will keep appreciating in price.

The popular financial expert issued this forecast as the BTC price is undergoing a mild reset in the market. At the time of writing, the coin was changing hands for $103,159.67, down by 0.88% in 24 hours.

Robert Kiyosaki on Bitcoin Price Outlook

According to the financial guru, BTC, gold, and Silver will continue to grow in value because the Marxist central bank system is crashing. He revealed on X that many are already going bankrupt.

Over the past year, there has been serious warnings about the US economy. In the aftermath of the economic strain, Moody’s downgraded the US Credit Rating, marking another sign of a distressed financial ecosystem.

In the midst of this strain, Robert Kiyosaki told his more than 2.7 million followers to ‘keep HODLing’ the coin. As a sign of his commitment to the top coin, he confirmed he has plans to buy more of the asset this year, reiterating the $250,000 Bitcoin price target.

Despite the uncertainty in the market, he advised his followers to buy more and not sell. Reactions to the post confirm that the advice has resonated with more users.

Bitcoin and Key Adoption Trend

The confidence that the BTC price will keep growing stems from the current adoption level of the top coin. Private and publicly traded firms and state investment funds are beginning to take an interest in the top coin.

Michael Saylor’s Strategy Inc. has been buying BTC almost weekly. On May 12, Strategy bought 13,390 BTC for $1.34 billion. This purchase is one of the many reported by CoinGape, as mainstream financial entities are now taking an interest in the coin.

BTC proponents are convinced that a major valuation breakout is waiting to happen. This is because the current demand for the coin far outpaces the supply. The Bitcoin price projection from Robert Kiyosaki as other industry leaders have more ambitious targets.

Per an earlier report, Bitwise CIO Matt Hougan pegged the potential price of the coin at over $1 million in the mid-term. He described a dip-then-rip analogy to showcase how the coin will surmount the uncertainty around the US-China trade war to hit new valuations soon.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.