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Robert Kiyosaki, a popular author and Bitcoin supporter, is back in the headlines after claiming that Bitcoin can hit $13 million. The author of “Rich Dad Poor Dad” made his prediction after Strategy’s Michael Saylor’s podcast interview last November made the rounds online. Related Reading Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks 13 hours ago
In a podcast last November, podcaster Patrick Bet-David offered a hypothetical question on price action and market cap for Bitcoin. He said that if adoption increases from 0.1% to 7%, reflecting a 700x price surge, can Bitcoin also hit $13 million from its current $90k pricing?
Saylor agreed with the math, creating a buzz online. Kiyosaki is one of the popular cryptocurrency commentators who re-share Saylor’s prediction, adding that going for the flagship crypto is smart. $13 million Bitcoin:….according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024 Saylor Remains Confident On BTC, Supports The $13M Price Projection
In the interview, Bet-David asked Saylor about his company’s long-term value, knowing it currently boasts a market cap of $73 billion. Bet-David started the discussion with the argument that Bitcoin has a 0.1% market adoption, which can potentially surge to 7% or a 700x increase.
If Bitcoin trades at $90k and increases to $13 million, Bet-David asked if Strategy can hit 144x in 21 years. Saylor agreed with the math and anticipates the crypto will top $13 million.
Kiyosaki added his thoughts on this bullish projection and even compared its potential to the cost of education. He shared that 0.1 BTC today can easily trump going to the university and getting a $50k student debt.
Kiyosaki then blasted traditional education, particularly the penchant for many to enroll in MBA classes but still fail to become millionaires. BTCUSD trading at $95,588 on the daily chart: TradingView.com Is $13M For BTC Even Realistic?
Saylor’s interview certainly raised a few eyebrows, but he offered some justification for this bold projection. The Strategy co-founder argued that Bitcoin’s current adoption rate stands at 0.1%, and it markets for around $95k.
Now, if the demand and adoption for Bitcoin increase to 7%, he expects a massive price surge to follow. He further argued that this scenario can push prices into millions per token since there’s a limited supply of Bitcoin in circulation. If BTC hits $13 million, a person holding 0.01 Bitcoin today for $9k would be valued at $130k. Related Reading Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack 1 day ago BTC And MBA: Is There A Basis For Comparison?
In the same Twitter/X post, Kiyosaki targeted student debt and even argued that holding digital assets is a sounder financial decision than applying for a loan to complete an MBA degree. Kiyosaki shared that it’s wiser to invest in Bitcoin now than to go under just to complete a “flimsy MBA”.
Kiyosaki added that Bitcoin’s potential outweighs what an MBA can bring. An MBA program in top US universities can cost anywhere from $50k to $200k. And many students often leave business schools with huge student debts and no guaranteed ROI.
The popular author then suggested to everyone: invest 0.01 BTC for $9k today and get rewarded in the future.
Featured image from Gemini Imagen, chart from TradingView