‘Rich Dad’ R. Kiyosaki Backs $13M Bitcoin Prediction: A Smart Long-Term Bet?

Robert Kiyosaki, author of Rich Dad Poor Dad, supports Michael Saylor prediction of Bitcoin reaching $13M by 2045. He encourages investing now for potentially massive long-term gains despite the time horizon.

Renowned investor and author of the personal finance classic Rich Dad Poor Dad, Robert Kiyosaki, made waves in the crypto world with his latest bullish prediction on Bitcoin (BTC). On November 19, Kiyosaki endorsed a months-old projection from MicroStrategy CEO Michael Saylor, who estimated Bitcoin could reach an astronomical $13 million per coin by 2045.

Describing Saylor as “one smart boy,” Kiyosaki highlighted the vast potential returns Bitcoin could offer, even at its current high prices. He suggested that a $9,000 investment in Bitcoin today could make a trader a millionaire by 2045, vastly outstripping traditional investments like student loans or MBAs.

Math Mishap but Bullish Outlook

In his post, Kiyosaki miscalculated the purchasing power of $9,000 at Bitcoin’s current price of $93,153, erroneously stating it would buy 0.01 BTC instead of nearly 0.1 BTC. However, his overall point remains valid: if Bitcoin reaches Saylor’s forecasted $13 million per coin, an investment of $9,000 today would balloon to approximately $1.3 million.

This prediction aligns with Kiyosaki’s long-standing bullish stance on Bitcoin. Since endorsing the cryptocurrency in 2017, Kiyosaki’s advocacy has proven profitable for early adopters. In April 2024, Bitcoin was trading around $61,000, and a $1,000 investment during Kiyosaki’s 2017 endorsement would now be worth nearly $15,000, a figure that continues to grow as BTC edges closer to $100,000.

The $13M Question: Can BTC Deliver by 2045?

While Saylor’s 21-year timeline may seem ambitious, the long-term nature of his projection allows for the massive price growth Bitcoin has historically shown. Kiyosaki argues that for traders willing to invest now and wait, Bitcoin offers unparalleled potential compared to traditional financial instruments.

Bitcoin’s performance in 2024 lends weight to this bullish perspective. The cryptocurrency is up 114.50% year-to-date, with two significant surges driving its growth. The first came in Q1, when Bitcoin hit its first new all-time high of the year. More recently, in the last 30 days, BTC has surged 36.73%, reaching highs near $94,000 and potentially setting the stage for a historic $100,000 milestone before the end of the year.

A Legacy of Bitcoin Advocacy

Kiyosaki’s enthusiasm for Bitcoin reflects his broader investment philosophy, which prioritizes assets like gold, silver, and cryptocurrencies as hedges against inflation and traditional economic instability. His latest endorsement underscores his belief that Bitcoin remains the ultimate digital asset for wealth preservation and growth.

With the cryptocurrency market’s continued expansion and increasing adoption among institutional and retail investors, Kiyosaki’s forecast and Saylor’s long-term projection offer an intriguing perspective on Bitcoin’s future potential.

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