Robert Kiyosaki, the author of the top personal finance book ‘Rich Dad Poor Dad,’ predicts that Bitcoin (BTC) will soon break the historic six-digit price level.
The Rich Dad Poor Dad author shared this view in a lengthy X post, where he encouraged his followers to acquire top assets like Bitcoin and gold instead of saving fiat currencies like the dollar and euro.
According to him, people who invest in Bitcoin, Gold, and Silver will get richer and see their wealth increase. Conversely, he indicated that people who choose to save fiat currencies will be poorer, referencing an excerpt from his Rich Dad Poor Dad book in which he warned that “savers are losers.”
Bitcoin to Hit $100,000 Soon
Notably, Kiyosaki, who recently shared tips on how investors can become millionaires with BTC, predicted that BTC will soon clinch the $100,000 target. This comes as Bitcoin failed to achieve the milestone on several occasions.
Bitcoin’s major shot at $100,000 occurred on November 22, when it surged to an all-time high of $99,655. Afterward, BTC plunged below $91,000 four days later before rebounding to $98,152 yesterday. At press time, Bitcoin is changing hands at $95,267, down 4.73% from the $100,000 mark.
Interestingly, Kiyosaki forecasted that Bitcoin will soon break $100,000. If this happens, he suggested that it will be near impossible for the poor and middle class to catch up, as only the ultra-rich and institutions can purchase the asset.
“Don’t let the rich get richer…without You,” Kiyosaki warned.
Peter Brandt Highlights Bitcoin Diminishing Returns
Meanwhile, in a separate development, veteran financial expert Peter Brandt highlighted Bitcoin’s diminishing returns over the past bull cycles. Data from the tweet shows that Bitcoin witnessed a 483-fold growth from July 2010 to January 2011.
While Bitcoin returns surged 571x between October 2011 and November 2013, the top asset’s growth rate dropped to 119x from January 2015 to December 2017, and 21x between December 2018 and November 2021.
Furthermore, the data also reveals that Bitcoin grew 6.4x between November 2022 and November 2024. Brandt noted that even though Bitcoin remains a good hedge against fiat currencies, its potential to deliver hefty returns, as observed in the early days, has plunged dramatically.
In particular, he suggested that young investors hoping to become rich through Bitcoin would be disappointed as BTC’s “bloom is off the rose.”
This X post will not wear well
Bitcoin $BTC bull cycles have exponentially degenerated in magnitude$BTC is likely to remain a great hedge vs. fiat busts
But, the bloom is off the rose
Gen M & Zers who view $BTC as the road to financial glory are likely to be very dissappointed pic.twitter.com/kSq1hoW8N4— Peter Brandt (@PeterLBrandt) November 30, 2024
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