The ‘Rich Dad Poor Dad’ Author Expands Bitcoin Holdings Amid Market Surge – Discover the Motive
Renowned author Robert Kiyosaki, famous for his book ‘Rich Dad, Poor Dad,’ has recently acquired more Bitcoin [BTC] as the leading digital asset surpassed the $100,000 mark on the price charts.
Kiyosaki, a strong advocate for BTC for a long time, has consistently encouraged his massive following of over 2 million X (formerly Twitter) followers to view the cryptocurrency as a safeguard against inflation.
Predictions Point to $175k for BTC
He recently made a forecast suggesting that Bitcoin could potentially soar to $175,000 to $350,000 by 2025, providing a plausible explanation for his increased BTC positions. In a New Year’s message, he stated,
“My price prediction for BITCOIN 2025: $175,000 to $350,000. Happy New Year.”
Besides his focus on BTC, Kiyosaki has emphasized diversification of assets by including silver and gold in his portfolio, pinpointing economic mismanagement by major government bodies as a significant risk factor for U.S. dollar-denominated investments at present.
His BTC forecast aligns closely with the projections of many analysts who anticipate Bitcoin to reach anywhere between $150,000 and $250,000. Notably, a crucial market peak indicator known as Pi Cycle Top has highlighted $234,000 as a potential threshold for a substantial correction and a potential onset of a bear market.
For context, this metric has accurately pinpointed previous market peaks in 2013, 2017, and 2021. It signals a market top when the 111-day moving average (MA, orange) intersects with the adjusted 365-day MA.
If historical trends persist and traditional cycle patterns materialize, the current bullish phase might lose steam by the conclusion of Q3 2025, ushering in an extended correction phase.
At the same time, the Trend-Based Fibonacci Extension analysis, stemming from the 2022 market bottom, has indicated a potential surge for BTC to $167,000 in the intermediate term.
It’s important to note that prior to the remarkable push above $150,000, many market experts had foreseen a potential local peak in March, anticipating a subsequent rebound leading up to a cycle zenith later in the year.