Robert Kiyosaki predicts Bitcoin price rally to $120,000 amidst rising inflation in the US

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. 

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.

---

---