Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, optimistic outlook for Bitcoin, suggests price of $100,000 by June

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Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, optimistic outlook for Bitcoin, suggests price of $100,000 by June

Popular entrepreneur and author Robert Kiyosaki has made a very optimistic prediction for Bitcoin (BTC). Recently in X postKiyosaki said Bitcoin will reach $100,000 by June.

These predictions come as the Bitcoin market has recently recorded significant gains. BTC is up nearly 9% in seven days and is currently trading above $52,000, according to CoinMarketCap data. For Kiyosaki’s prediction to come true, Bitcoin would need to surge more than 90% in about three months.

Kiyosaki is bullish on Bitcoin

Kiyosaki is known to be a Bitcoin supporter who is also known for making bullish comments about Kingcoin. For example, he recently encourage People are looking to buy Bitcoin, gold, and silver because America is getting closer to “depression and war.” He pointed out President Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell as the cause of the problem, calling them the “three major pitchers.”

Last October, Kiyosaki also said Bitcoin is expected to reach $135,000 and gold is expected to rise to $3,700. The post also did not recommend saving US dollars, but did not provide a timeline for the forecast.

Over the weekend, the price of Bitcoin remained fairly stable, hovering around $52,000. Many predictions are optimistic about Bitcoin’s possible performance this year, but they pale in comparison to Kiyosaki’s predictions. For example, Ed Hindi, chief investment officer at Tyr Capital, told CoinDesk that Bitcoin could reach $55,000 in the coming weeks. According to Hindi, an all-time high of $70,000 (ATH) is also possible before the end of the year. This prediction is consistent with that of SkyBridge Capital CEO Anthony Scaramucci, who said that Bitcoin’s ATH this year is possible.

Bitcoin Is Still Profiting From Spot ETFs

Bitcoin is still receiving a lot of attention with the recent approval of a spot exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) approved several spot ETFs in January after more than a decade of continuous rejection. ETFs have successfully attracted billions of dollars in transactions to date, with BlackRock’s $IBIT recording its largest single-day inflow.

$IBIT’s net inflows on February 13 were $493.1 million, the largest single-day inflows of any ETF since approval, according to data from BitMEX Research. On most days, Fidelity Investments’ $FBTC is the second-largest, with its own biggest day on January 17, when it recorded net gains of $358.1 million. On the other hand, Grayscale’s $GBTC is still bleeding, having suffered a massive loss of $640.5 million on January 22nd.

Another issuer, VanEck, has stepped up its price war in hopes of attracting more inflows. The spot Bitcoin ETF issuer has decided to lower its operating price from 0.25% to 0.20%. The reduced fees will take effect on February 21, according to a filing with the SEC on February 15.

Grayscale is the only issuer with fees above 1%. Everyone else has various, non-fixed fees set at less than 1% when fighting over deposits in the Bitcoin market.

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Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, optimistic outlook for Bitcoin, suggests price of $100,000 by June

Source: https://www.coinspeaker.com/rich-dad-poor-dad-kiyosaki-bitcoin-100k/