The prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki, seemingly endorsed a months-old Michael Saylor Bitcoin (BTC) price prediction in an X post made late on November 19.
Kiyosaki, himself no stranger to bullish BTC forecasts, opined that MicroStrategy (NASDAQ: MSTR) CEO might be right in his estimate the world’s premier cryptocurrency will eventually be worth $13 million per coin, describing the executive as ‘one smart boy.’
Following from this conclusion, the author opined that investing $9,000 in Bitcoin, even with the current high prices, would yield massive gains and added that such a maneuver ‘going $50,000 in debt for a student loan…studying for years,,,, just to earn a flimsy MBA.’
Interestingly, Kiyosaki miscalculated in his tweet. He said the $9,000 would purchase 0.01 BTC when it would, in actuality, buy nearly 0.1 BTC at the cryptocurrency’s press time price of $93,153.
on the other hand, the author was right in pointing out that the purchase would eventually make a millionaire out of the trader – with Bitcoin at $13 million, the $9,000 investment would be worth approximately $1.3 million – though it is, perhaps, worth saying that Saylor’s price target was for the year 2045.
Could Kiyosaki be right about $13 million BTC?
Despite the miscalculation and the exceptionally long time frame for the investment, the recommendation might have some merit for a trader who could spend $9,000 in 2024 without cashing in over 21 years.
Robert Kiyosaki has been a noted Bitcoin bull for years and, with the cryptocurrency market’s performance in 2024, listening to his advice would have yielded massive gains.
As Finbold reported in mid-April when BTC was trading at about $61,000, a trader who purchased $1,000 worth of the coin when Kiyosaki first endorsed it in a 2017 Facebook (NASDAQ: META) post would have had nearly $15,000. Bitcoin is up another 50% since then.
Bitcoin price performance
Though it will be impossible to determine the credibility of Michael Saylor’s 21-year price target until 2045, Bitcoin has recorded impressive gains through 2024.
In total, the cryptocurrency is 114.50% in the green year-to-date (YTD), with the two biggest surges taking place in the first quarter of the year – a period that introduced BTC’s first new all-time high (ATH) of 2024 – and in the last 30 days.
The latter time frame is, arguably, even more impressive as it featured a 36.73% surge and ATHs near $94,000, signaling the long-awaited $100,000 might be within reach before the New Year.
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