‘Rich Dad, Poor Dad’ Writer Kiyosaki Predicts Bitcoin to Hit $100K by June

Key Points

• Robert Kiyosaki predicts Bitcoin (BTC) will reach $100K by June.
• Bitcoin continues to benefit from the recent approval of spot exchange-traded funds (ETFs).

Robert Kiyosaki, renowned author and entrepreneur, recently made a bullish prediction for Bitcoin (BTC).

In a recent post, he stated that Bitcoin will reach $100K by June.

This forecast comes as Bitcoin has been experiencing significant gains.

According to data from CoinMarketCap, Bitcoin has risen almost 9% in the last seven days and is currently trading above $52,000.

To meet Kiyosaki’s prediction, Bitcoin would need to surge more than 90% in approximately three months.

Kiyosaki’s Bitcoin Advocacy

Kiyosaki is a known supporter of Bitcoin and is famous for his bullish remarks about the cryptocurrency.

He recently urged people to invest in Bitcoin, gold, and silver due to the US nearing a “depression and war”.

He blamed President Biden, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell for the situation, referring to them as “the 3 stooges”.

In October, Kiyosaki predicted that Bitcoin would hit $135,000 and that gold would rise to $3,700.

He also advised against saving US dollars, but did not provide a timeline for his predictions.

Over the weekend, Bitcoin’s price remained relatively stable, fluctuating around the $52,000 mark.

Many predictions are optimistic about Bitcoin’s performance this year, but they are modest compared to Kiyosaki’s forecast.

Ed Hindi, Tyr Capital’s Chief Investment Officer, told CoinDesk that Bitcoin might hit $55,000 in the coming weeks.

According to Hindi, a $70,000 all-time high is also possible before the end of the year.

This prediction aligns with that of SkyBridge Capital CEO Anthony Scaramucci, who also said Bitcoin’s all-time high is possible this year.

Bitcoin continues to benefit from the recent approval of spot exchange-traded funds (ETFs).

The United States Securities and Exchange Commission (SEC) approved several spot ETFs in January after more than a decade of continuous rejections.

The ETF has successfully attracted billions of dollars in trades so far, with BlackRock’s $IBIT pulling in some of the largest daily inflows.

On February 13, $IBIT’s net inflow was $493.1 million, according to data from BitMEX Research, the largest daily inflow of all ETFs since approval.

Most days, Fidelity Investments’ $FBTC is the second largest, with its own biggest day on January 17, when it netted $358.1 million.

On the other hand, Grayscale’s $GBTC is still bleeding, losing a significant $640.5 million on January 22.

Another issuer, VanEck, has escalated its price war in the hope of attracting more inflows.

The spot Bitcoin ETF issuer has decided to lower its operating prices to 0.20 percent from 0.25 percent.

According to a February 15 filing submitted to the SEC, the reduced fee will take effect on February 21.

Grayscale is the only issuer with a fee above 1%.

All others have set varying and non-static fees below 1% as they compete for deposits from the Bitcoin market.