‘Rich Dad’ R. Kiyosaki makes super bullish Bitcoin prediction
‘Rich Dad’ R. Kiyosaki makes super bullish Bitcoin prediction 
Cryptocurrency Nov 20, 2024 Share
The prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki, seemingly endorsed a months-old Michael Saylor Bitcoin (BTC) price prediction in an X post made late on November 19.
Kiyosaki, himself no stranger to bullish BTC forecasts, opined that MicroStrategy (NASDAQ: MSTR) CEO might be right in his estimate the world’s premier cryptocurrency will eventually be worth $13 million per coin, describing the executive as ‘one smart boy.’
Following from this conclusion, the author opined that investing $9,000 in Bitcoin, even with the current high prices, would yield massive gains and added that such a maneuver ‘going $50,000 in debt for a student loan…studying for years,,,, just to earn a flimsy MBA.’
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$13 million Bitcoin:….according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
Interestingly, Kiyosaki miscalculated in his tweet. He said the $9,000 would purchase 0.01 BTC when it would, in actuality, buy nearly 0.1 BTC at the cryptocurrency’s press time price of $93,153.
on the other hand, the author was right in pointing out that the purchase would eventually make a millionaire out of the trader – with Bitcoin at $13 million, the $9,000 investment would be worth approximately $1.3 million – though it is, perhaps, worth saying that Saylor’s price target was for the year 2045.
Could Kiyosaki be right about $13 million BTC?
Despite the miscalculation and the exceptionally long time frame for the investment, the recommendation might have some merit for a trader who could spend $9,000 in 2024 without cashing in over 21 years.
Robert Kiyosaki has been a noted Bitcoin bull for years and, with the cryptocurrency market’s performance in 2024, listening to his advice would have yielded massive gains.
As Finbold reported in mid-April when BTC was trading at about $61,000, a trader who purchased $1,000 worth of the coin when Kiyosaki first endorsed it in a 2017 Facebook (NASDAQ: META) post would have had nearly $15,000. Bitcoin is up another 50% since then.
Bitcoin price performance
Though it will be impossible to determine the credibility of Michael Saylor’s 21-year price target until 2045, Bitcoin has recorded impressive gains through 2024.
In total, the cryptocurrency is 114.50% in the green year-to-date (YTD), with the two biggest surges taking place in the first quarter of the year – a period that introduced BTC’s first new all-time high (ATH) of 2024 – and in the last 30 days.
BTC YTD price chart. Source: Finbold
The latter time frame is, arguably, even more impressive as it featured a 36.73% surge and ATHs near $94,000, signaling the long-awaited $100,000 might be within reach before the New Year.
Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
