Bitcoin to crash? Robert Kiyosaki predicts pluge to $60,000

Financial writer Robert Kiyosaki suggested that BTC price could fall to $60,000 as it struggles to surpass the $100,000 milestone.

The “Rich Dad Poor Dad” author’s analysis comes at a time when market speculation is on the rise about Bitcoin’s (BTC) next big price move.

Kiyosaki shared his market perspective via X, stating that any potential pullback would represent a buying opportunity rather than a cause for concern.

Bitcoin Will Crash

Bitcoin remained below $100 thousand. This means BTC could drop to $60k.
If something like this happens, I won’t sell it. BTC will sell. I will buy more.

I predict Bitcoin will settle around $250 in 2025.

At this stage of the BTC process… price…

— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024

However, he maintained his optimistic long-term outlook. Kiyosaki stated that Bitcoin could reach approximately $250,000 by 2025.

He stated that his investment strategy focuses on accumulation rather than price speculation.

In his previous statement dated November 30, Kiyosaki warned that if Bitcoin exceeds $100,000, it could become increasingly out of reach for middle-class and low-income investors.

He suggests that institutional investors, including companies, banks and sovereign wealth funds, will then dominate Bitcoin buying.

Opposing perspectives emerge

Fundstrat Capital’s Chief Investment Officer Thomas Lee offers a more straightforward bullish perspective.

In a recent discussion with SkyBridge founder Anthony Scaramucci, Lee emphasized the importance of Bitcoin’s recent halving cycle, in which the block reward dropped. He predicts that this decrease in supply will push prices towards $100,000. Lee also predicted a potential move above $250,000 in the next twelve months.

Could Bitcoin reach $250,000 next year? @fundstrat‘s Tom Lee explains why in this must-watch interview with Anthony @Scaramucci. From crypto’s next bounce to AI to S&P hitting 15,000, discover bold predictions, market insights and strategies for 2025 and beyond! pic.twitter.com/sFenOJEv5t

— Wealth (@richness) 29 November 2024

Lee’s analysis underscores the importance of the new administration’s pro-Bitcoin stance. He suggested that US government intervention could significantly impact Bitcoin’s value proposition.

Lee also added that the possibility of Bitcoin becoming a US strategic reserve asset could fundamentally change its market position.

Drawing parallels with MicroStrategy’s successful implementation of Bitcoin as a balance sheet asset, Lee suggests that government adoption could similarly validate and legitimize cryptocurrency investments.

Lee noted that this institutional adoption could potentially push Bitcoin’s value beyond current estimates.

This is especially true if the US government continues with its plans to acquire a significant Bitcoin position.