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Date:
14th Dec 2020
Author:
CryptoAltum Research Team

Real Estate Mogul Predicts Bitcoin Price will Rally to $50k


Robert Kiyosaki, a real-estate millionaire investor, predicts the price of Bitcoin to reach $50k. Although he didn’t specify any timelines, comments from the veteran influencer are a boost for the coin. As of today, the BTC/USD price was trading above $19.1k, paring losses in the last week of trading.


Details: 

The Rich Dad, Poor Dad author is bullish on Bitcoin. This is not the first time he is backing Bitcoin. Earlier on, he said the valuable, store-of-value digital asset is phasing out both real estate and gold while challenging the hegemony of the USD and other fiat currencies. Since the United States is “bankrupt with a $27 trillion debt”, holding BTC could be one of the long-term investments. Specifically, Robert has cited Bitcoin’s scarcity properties and the digital asset “coming to the world’s view.” Because of Bitcoin’s finite supply and central banks printing money--all happening in a mid-shift from baby boomers to millennials, the crypto world stands to benefit from even more investment. Earlier on, Willy Woo, an on-chain analyst, said the Bitcoin price will explode in the next four years, pinning this to the world getting exposed to Bitcoin and its benefits.


Impact on the BTC Price: 

Bullish. Robert joins other analysts, including the Winklevoss Twins, in projecting higher prices for the digital gold in the next year.


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