Florence Muchai
Author and financial educator Robert Kiyosaki affirmed Michael Saylor’s prediction in September that Bitcoin will hit $13m in 21 years. He told his followers on an X post that Bitcoin is the best investment one could make to become a millionaire.
Bitcoin continues to build optimism as more people come out to encourage investing in the digital asset. In the last 24 hours, Bitcoin has reached a high of $94,000. Trump’s win set the premier crypto on a bullish trajectory, which has increased confidence and led to predictions of it reaching $100,000.
Even before Trump’s win, Michael Saylor has been vocal about what Bitcoin could become to Microstrategy’s investors. He said that since August 2020, when MicroStrategy began buying BTC, it has rewarded investors with an average of 44% in annual profits.
In comparison, the S&P 500 averaged 12% over the same four-year period. Robert Kiyosaki has praised Saylor, calling him a “smart boy.”
Robert Kiyosaki’s confidence in Bitcoin
On November 12, Robert Kiyosaki stated in an X post, “Bitcoin over $88.000. I will keep buying more Bitcoin till it passes $100,000. Then I will stop.” A week later, he came out to tell his followers that Bitcoin can do way more than $100,000, as Michael Saylor predicted.
Robert Kiyosaki went further to compare traditional education costs and Bitcoin investment. He shows a practical pathway to financial freedom while highlighting the contrast between them to say, “… You buy.01 Bitcoin today…you are a millionaire tomorrow. Sure beats going $50,000 in debt for a student loan…studying for years just to earn a flimsy MBA. Get smarter…. buy Bitcoin today. I am.”
Robert Kiyosaki has been encouraging people to invest in Bitcoin, especially after Trump’s win. Bitcoin has been on a bull rally almost immediately after the victory, going from $68,000 to a current high of $94,000.
The crypto market also expects the rally to continue, given Trump’s promises to the industry. Trump pledged to make Bitcoin a strategic reserve for the US. If this happens, it could significantly boost the price higher in the coming days. Besides, the optimism over regulatory clarity in the US has also bolstered market sentiment.
Michael Saylor’s $13m prediction
On September 9, Saylor spoke about Bitcoin trading at just under $55,000. He told CNBC that this price could increase by 70 times as adoption skyrockets, placing BTC at $3.85 million per coin.
The billionaire entrepreneur also argued that recent outflows from spot BTC exchange-traded funds (ETFs) will increase investor demand.
Saylor said that he expects Bitcoin to grow from 0.1% of global wealth to about 7% by 2045, co-existing with traditional assets like equities and real estate. Saylor continued to explain that MicroStrategy is up 964% since August 10, 2020, compared to other top performers like Nvidia, which is up 94%, and Bitcoin, which is up 387%.
Crypto stakeholders make bold predictions
A crypto analyst, Ali Martinez, recently predicted an ETH price rally to $10K, outperforming the Bitcoin rally. The bold Ethereum prediction came based on historical market cycles when Ethereum outperforms Bitcoin.
The analyst said that the altcoin season hasn’t started yet and remains incomplete without Ethereum getting its turn.
In addition, Ripple CEO Brad Garlinghouse had stated that before the SEC got involved in crypto markets, XRP was the second most valuable digital asset. He continued to argue that XRP will dethrone Bitcoin. Some other currencies have also shared plans to flip Bitcoin.
Bitcoin has hit on many predictions based on the impact of a Trump victory. Its dominance is still close to 60%. The incoming president already promised to eliminate all capital gains taxes on crypto issued by US companies. If he follows through, it would be one of the most favorable market conditions for many cryptocurrencies in a long time.
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