- Robert Kiyosaki backs Bitcoin’s future growth, citing Saylor’s $13M BTC prediction, calling it a path to financial freedom.
- Kiyosaki urges investments in silver and Bitcoin as hedges against economic volatility and forecasts the cryptocurrency’s “Uptober” explosion.
- Bitcoin’s technical momentum shows strong upward activity, with key resistance at $93,920 signaling the potential for further gains.
Michael Saylor predicted that Bitcoin might be worth $13 million by 2045 then recently Robert Kiyosaki, the author of Rich Dad Poor Dad, supported this idea. This prediction, according to the author is in line with the cryptocurrency’s potential to overtake global financial systems. By contrasting the high expense of traditional education with Bitcoin’s investment possibilities, he also views it as a means of achieving financial independence.
Bitcoin’s Useful Potential for Financial Independence
For those who have problems with student loan debt in particular, Kiyosaki views Bitcoin as a unique opportunity to create wealth. At the current price of around $90,000, he suggests owning even 0.1 BTC today could lead to future millionaire status.
This perspective has gained traction among Kiyosaki’s 2.6 million followers on X. The author views Bitcoin as a hedge against economic instability, especially as he anticipates global financial turbulence.
A Bullish Outlook Despite Market Volatility
Kiyosaki’s confidence in Bitcoin continues despite its recent all-time high (ATH). He predicts that the cryptocurrency will experience a “blast-off” during what he calls “Uptober.” This optimism extends to his advice on investing in silver, alongside Bitcoin, as safe-haven assets before the price of silver potentially hit $50.
Furthermore, Kiyosaki warns of an economic collapse, which he terms “The Everything Crash,” where major assets like Bitcoin, gold, and silver could face significant downturns. However, he emphasizes that the prepared will prosper in the aftermath.
Bitcoin’s Technical Momentum
Bitcoin’s current market momentum shows strong upward activity, with the price nearing key resistance levels. As of now, BTC trades at $93,543, nearing the $93,920 resistance mark. The asset has respected key Fibonacci levels during its upward trend, with support at $78,627 and $84,467. The 200 EMA at $78,263 continues to serve as dynamic support, confirming the ongoing bullish sentiment.
Source: BingX
Momentum indicators, including the RSI at 62.26, suggest moderate buying pressure. The market structure remains solid, with Bitcoin poised for further gains, provided favorable market conditions persist. A potential breakout could occur as the asset approaches the $93,920 resistance zone.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
