‘Rich Dad Poor Dad’ author buys more Bitcoin amid rally

Kiyosaki bought more BTC and now, expects an extra rally towards $175k-$350k
Pi Cycle Top forecasted a potential market peak in September, near $235k

Robert Kiyosaki, the writer of ‘Rich Dad, Poor Dad,’ has once again purchased Bitcoin following its price surge past $100,000 on market charts.

Robert Kiyosaki, a longtime Bitcoin supporter, often encourages his more than two million followers on (previously Twitter) to think about Bitcoin as a way to protect against inflation.

BTC to $175k?

Indeed, he has recently expressed a forecast suggesting that the value of Bitcoin might reach between $175,000 and $350,000 by the year 2025. This prediction could account for his recent increased Bitcoin holdings, as he mentioned in his New Year communication.

“My price prediction for BITCOIN 2025: $175,000 to $350,000. Happy New Year”

Beyond Bitcoin, the author likewise advocates for investment diversity by incorporating precious metals like silver and gold. They point out economic mismanagement by crucial government bodies that currently make U.S dollar investments quite risky.

To clarify, his prediction for Bitcoin’s value doesn’t seem overly ambitious. This is because it falls within the estimated range of $150,000 to $250,000 that many experts predict.

In truth, one significant indicator used in predicting market peaks, known as the Pi Cycle Top, suggested that a potential trigger for a major correction and possibly a bear market could be around $234k.

For those who may not be aware, this metric accurately highlighted past stock market peaks in 2013, 2017, and 2021. This signal alerts us of a market top when the 111-day moving average (represented by the orange line) intersects a modified 365-day moving average.

If historical patterns continue, the current bull market might come to an end around the final quarter of 2025, potentially marking the start of a prolonged bear market characterized by significant price declines.

For now, the Fibonacci Extension tool, derived from the 2022 market low, suggests a potential increase in Bitcoin’s price to around $167,000 within the intermediate period.

It’s worth mentioning that prior to its surge above $150k, many financial analysts predicted a possible peak in March followed by a recovery leading up to a high point later in the year.

2025-01-08 09:12

‘Rich Dad Poor Dad’ author buys more Bitcoin amid rally – Here’s why

BTC to $175k?

Read More