Bitcoin to crash? Robert Kiyosaki predicts BTC plunges to $60k

Financial author Robert Kiyosaki has suggested that the BTC price could crash to $60,000 as it struggles to breach the $100,000 milestone.

The “Rich Dad Poor Dad” author’s analysis comes amid increasing market speculation about Bitcoin’s (BTC) next major price movement.

Kiyosaki shared his market perspective through X and stated that any potential downturn would represent a buying opportunity rather than a cause for concern.

However, he maintained an optimistic long-term outlook. Kiyosaki stated that Bitcoin could reach approximately $250,000 by 2025.

He stated that his investment strategy is focused on accumulation rather than price speculation.

In a previous statement from Nov. 30, Kiyosaki warned that once Bitcoin surpasses $100,000, it could become increasingly inaccessible to middle-class and lower-income investors.

He suggests that institutional investors, including corporations, banks, and sovereign wealth funds, would then dominate Bitcoin acquisition.

Contrasting viewpoints emerge

Thomas Lee, Chief Investment Officer at Fundstrat Capital, presents a more immediately bullish perspective.

In a recent discussion with SkyBridge founder Anthony Scaramucci, Lee emphasized the importance of the recent halving cycle, where Bitcoin’s block reward was reduced. He anticipates this supply reduction will drive prices toward $100,000. Lee also predicted a potential movement beyond $250,000 over the next twelve months.

Lee’s analysis highlights the importance of the incoming administration’s pro-Bitcoin stance. He suggested that U.S. government involvement could substantially impact Bitcoin’s value proposition.

Lee also added that the possibility of Bitcoin becoming a U.S. strategic reserve asset could fundamentally alter its market position.

Drawing parallels with MicroStrategy’s successful implementation of Bitcoin as a balance sheet asset, Lee suggests that government adoption could similarly validate and legitimize cryptocurrency investments.

Lee mentioned that this institutional adoption could potentially drive Bitcoin’s value beyond current predictions.

This is especially true if the U.S. government proceeds with plans to acquire a significant Bitcoin position.