Bitcoin has been on the rise lately, and most predict that the rise will continue in 2025 as well. However, some experts predict a completely opposite outcome very soon.
The idea that Bitcoin will soon crash to $60k has come from an unlikely source when it comes to crypto analysis. Robert Kiyosaki, author of the bestseller Rich Dad Poor Dad, made that bold prediction, and it has caused a stir online, as well as an avalanche of comments.
What did Kiyosaki say?
Robert Kiyosaki came out with a few predictions on the future of Bitcoin on his X account. He said that Bitcoin stalled getting to $100,000 and that it will soon crash to $60,000. According to the same tweet, Kiyosaki also claims that it will reach $250 in 2025.
He also came to the conclusion that now is the right time to get more Bitcoin, as in the long run, the market will adjust, and the investment will be worth it. Many have seen this as a call to buy when the price dips.
How the Analysts See It
Halving is one of the key events for Bitcoin owners. It's a technical process in which the block rewards are reduced by 50 percent to prevent inflation. The process usually leads to an increase in Bitcoin price, at least at first. Analysts see Bitcoin raising up to $400k after the halving.
Since this is the year of the halving, there are analysts who predict such a drop will be a part of the usual market adjustment. However, it's not easy to say if Kiyosaki's prediction is based on these trends or if it's just a hunch he has based on his experience.
Kiyosaki's Record
Kiyosaki is known for his Twitter threads, arguments, and rants recently, and many of them have been about cryptocurrency, the tax code, or the FED. This included many predictions about the future value of Bitcoin over the years. Kiyosaki has predicted many times that Bitcoin will go bust.
Sometimes, these predictions have proven to be true, but more often than not, they haven't. Therefore, the investors rarely change their patterns and plans based on Kiyosaki's plans, regardless of how popular he is in the business world. As is the case with any prediction, only time will tell.
Kiyosaki's Experience with Bitcoin
Kiyosaki is most well known for his personal finance book Rich Dad, Poor Dad. In the book, Kiyosaki argues for financial literacy, being financially independent, and especially the importance of real estate assets. The book has had many fans in the business world, and it quickly became a bestseller.
When it comes to Bitcoin, Kiyosaki was open about owning 73 BTC and aiming to get 100. It's not clear what kind of timeline he's set for this plan and when he plans to expand his BTC portfolio in order to get to it. Chances are that he would be waiting for this dip, as he had predicted.
How is Bitcoin Doing?
At the time of this writing, Bitcoin is trading close to $100,000. A week ago, it had a dip and dropped to $90,000. The importance of going over the $100k mark is purely symbolic, but it does matter for many buyers, as it's a sign of a fast rise.
Therefore, there's little evidence that we may see a quick dip and then rise in the months and years to come. It's important to note that Bitcoin is affected by both market and political forces, and such predictions are often difficult to make.
Changing Crypto Landscape
The overall public attitude towards Bitcoin has changed in the last couple of years, leading, in part, to this development. The general public, and especially traditional financial institutions, are now ready to accept Bitcoin as a payment method and financial asset. This is true for traditional and conservative financial institutions such as banks and pension funds.
The government is also changing its outlook by creating a system of regulations that will make the crypto trade more organized and easier to follow and tax. For some, this changes the very nature of cryptocurrencies, but for others, it's a sign they are now a part of mainstream finance.
The Introduction of ETFs
Another important milestone for integrating Bitcoin into traditional markets came with the introduction of ETFs. These are similar to mutual funds, as their value is tied to the value of Bitcoin, but they don't require the investors to actually buy any Bitcoin on their own.
This means that the investors focusing their efforts on traditional assets can also benefit from Bitcoin without having to own any. ETFs are bought and sold on the stock market just as any other asset. Other cryptocurrencies followed along with ETFs of their own, but Bitcoin was the first.
Plans for 2025
Many experts claim that 2025 will be one of the best years for Bitcoin so far. The trends so far show that Bitcoin is one of the safest cryptos to invest in and one that has been on the rise for a while now.
Even Kiyosaki, who came up with the theory of the upcoming dip, claims that Bitcoin will rise again in 2025 and even go to the heights that it never reached before. As is the case with the prediction of the dip, there is no basis for the claims about this fast rise.
Effects on the Market
At this point, it's not easy to determine if such predictions will have any effect on the market. There are a lot of analyses floating around, and analysts often come up with widely different ideas. Kiyosaki is beloved in some circles but not always among Bitcoin investors.
No one has noticed that investors are leaving Bitcoin and selling their coins based on these negative predictions so far, and chances are that it won't happen any time soon. Other market factors, however, can lead to a Bitcoin dip.
What will happen if there's a Drop?
If there's a drop in Bitcoin price and it goes to $90k or below, chances are that the market will react and that the investors will panic and sell to get the most out of their investment. There's no special significance to that red line other than it's symbolic, and 90 is a round number.
However, a drop all the way down to $60k is much less likely, and if that happens, it will have a much more profound effect on the market. It will also be a sign of much deeper problems with Bitcoin, and there's little real basis for it.
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