Robert Kiyosaki predicts Bitcoin price rally to $120,000 amidst rising inflation in the US
- Robert Kiyosaki garnered support for Bitcoin in a recent tweet, predicting BTC price rally to $120,000.
- Kiyosaki’s opinion is influenced by rising inflation in the US and the recent announcement by the BRICS nation.
- Standard Chartered recently issued a $50,000 prediction for Bitcoin price by the end of 2023 and $120,000 by the end of 2024.
Robert Kiyosaki, an American entrepreneur and author of Rich Dad Poor Dad, voiced his support for Bitcoin. Kiyosaki told his 2.4 million followers in a recent tweet that Bitcoin price is likely to climb to $120,000.
Kiyosaki has emerged as a strong supporter of Bitcoin in the past too, citing rising inflation and the changing state of the US economy.
Also read: Singapore starts shifting stance on cryptocurrencies amidst US SEC crackdown
Robert Kiyosaki predicts Bitcoin price rally to $120,000
American millionaire Robert Kiyosaki provides personal finance and business education to people. Kiyosaki is popular as a Bitcoin supporter and in a recent tweet, the millionaire predicted a massive price rally in the asset.
The Rich Dad Poor Dad author believes the BTC price is likely to rally to $120,000.
August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold,
— Robert Kiyosaki (@theRealKiyosaki) July 11, 2023
Silver. Bitcoin to $120k next year.
Kiyosaki explained that in August 2023, BRICS nations, a group of developing countries including Brazil, Russia, India, China and South Africa, are set to announce a gold-backed currency. The millionaire noted how the rising inflation in the US is likely to push Bitcoin to $120,000 in 2024.
Kiyosaki’s Bitcoin price prediction is in line with Standard Chartered’s BTC price expectation for 2024.
The investment bank ramped up its BTC price prediction for 2023, setting a target of $50,000 by the end of 2023 and $120,000 for 2024, according to a Bloomberg report. The giant’s prediction implies BTC price is likely to quadruple within the next year. Standard Chartered expects miners to reduce their sales of the token and see a spike in profitability. These factors could drive BTC to the target of $120,000 next year.
Like this article? Help us with some feedback by answering this survey:
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
