Will Bitcoin cross $100,000? It sounds awesome, right? This is what exactly Robert Kiyosaki, the author of Rich Dad Poor Dad, forecasts about Bitcoin. In a recent post, Kiyosaki said that FOMO (Fear of Missing Out) could help investors as the Bitcoin price approaches $100,000. He believes that Bitcoin’s price is about to shoot up in the coming days, and once it does, it could be too expensive to achieve it. Bitcoin crossing $100,000 is a dream for many crypto enthusiasts.
Let’s take a closer look at Kiyosaki’s forecasting and whether the Bitcoin price touches $100,000 or not. Keep reading to see what is happening with Bitcoin right now.
Kiyosaki’s Forecast: Bitcoin at $100K
Prominent financial educator Kiyosaki has been a vocal supporter of Bitcoin and frequently criticized conventional fiat currencies like the dollar and euro for losing value as a result of inflation. He contends that in a world where cash isn’t working anymore, Bitcoin offers a more secure and safe option for protecting capital.
Although the prediction that Bitcoin will reach $100,000 is not new, Kiyosaki’s most recent remarks have reignited interest in the topic. He believes that after Bitcoin hits this significant milestone, it might become too costly for many regular investors to afford, turning it into a playground for the rich. His worries about the devaluation of conventional currencies are echoed by this viewpoint, with Bitcoin serving as a buffer against unstable economic conditions.
Will the surge be driven by FOMO?
According to Kiyosaki, FOMO, or the fear of missing out, will be the primary driver of the next significant spike in the price of Bitcoin. He anticipated a surge of new purchasers who are keen to join in on the action before it becomes unaffordable when Bitcoin gets closer to $100,000. He warns, though, that once Bitcoin reaches this milestone, it may turn into a playground for the rich, making it more difficult for regular investors to accumulate sizable holdings.
Robert Kiyosaki has long opposed fiat money and supported alternatives such as gold, silver, and Bitcoin. He has consistently maintained that Bitcoin presents a chance to safeguard money in a manner not possible with conventional currencies. Kiyosaki has urged those who are apprehensive about Bitcoin to change their minds and adopt the ‘FOMO’ mindset as the price of the cryptocurrency approaches all-time highs.
He proposed that more investors may be drawn to cryptocurrencies as a result of this FOMO, which would be advantageous for early adopters.
Kiyosaki Criticizes Fiat Savings
According to Kiyosaki, those who have invested in cash or hold fiat currencies are considered losers due to the devaluation brought on by inflation. In his recent statements, he pointed out the importance of diversifying into assets like Bitcoin.
Current Market Conditions of Bitcoin
At the time of writing, Bitcoin is currently selling at about $96.662, barely below $100,000. The cryptocurrency is in an exciting stage right now, according to some observers. It may surpass $100,000 by 25 December 2024. The ‘double bottom’ technical pattern indicates that Bitcoin may increase much further, possibly hitting $106,000 soon.
Along with encouraging technical indicators, there has been an 8.73% increase in trade volume on the Bitcoin market. This spike in activity suggests increased investor interest and could represent the start of a more extensive rally.
Furthermore, regulatory developments are improving Bitcoin’s chances even more. For example, Switzerland’s move to regulate Bitcoin mining is viewed as a step toward legitimizing the cryptocurrency sector and laying a more solid basis for its future expansion.
The future of Bitcoin
Although it is always difficult to forecast Bitcoin’s future, the current indicators suggest a favourable view. In addition to focusing on reaching a particular price objective, Kiyosaki’s prediction also considers Bitcoin’s wider potential to transform the financial system and our perception of wealth and money in the digital era.
The path of Bitcoin is still worth keeping an eye on, regardless of whether it hits the $100K milestone in the upcoming months. Whether Bitcoin continues on its upward trajectory or faces obstacles that could halt its growth will be determined in large part over the course of the next few months.
Conclusion
Robert Kiyosaki’s assertion that ‘FOMO is good’ as Bitcoin approaches the $100,000 mark captures a critical sentiment in the world of cryptocurrency investing. His perspective highlights the urgency that can accompany significant market movements, encouraging investors to act before they miss out on potential gains. As Bitcoin continues to gain traction and its price escalates, Kiyosaki’s warning about the implications for everyday investors becomes increasingly relevant. Since the cryptocurrency market is highly volatile, it is important to conduct thorough market research before investing in it, it will help you to build wealth and achieve financial independence.