Robert Kiyosaki Says Bitcoin Will Reach $750K After Financial Bubble Burst

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Robert Kiyosaki's $750,000 Bitcoin target represents a 95% decline against gold, which is less than the 2024 peak.

$750,000 in bitcoins might not be worth that much if daily expenses, housing, and energy add up similarly.

Robert Miyazaki, author of the “Rich Dad Poor Dad” series, said in a social media post on Monday that a major financial “bubble burst” is imminent. The financial guru suggests that this unprecedented economic crisis will eventually lead to a $750,000 Bitcoin (BTC) rally within a year of the crash.

While Kiyosaki's estimate may seem extremely harsh at first glance, a closer look gives deeper meaning to his price prediction.

For a forecast to be accurate, one needs a time frame, even if it stretches over the next 12 months or more. Although the value of Bitcoin will eventually reach $750,000, the measure of success will largely depend on the average US house price or the annual cost of living for a typical family.

As of 2011 Accelerated global money supply expansion in the period between 2020 and 2021 will increase demand for scarce assets regardless of government official inflation measures. For example, the S&P 500 in It rose 52 per cent between July 2020 and December 2021, with the average house price in major cities up 38 per cent in two years.

Kiyosaki predicts gold prices will rise to $35,000 an ounce a year after the financial “bubble burst,” a 546 percent gain from its all-time high. For comparison, Bitcoin's optimistic $750,000 target is over 500% above its $124,724 daily record.

Kiyosaki says gold buys Bitcoin as a store of value.

Kiyosaki's target for gold would result in a market capitalization of $243.2 trillion, which is 4.4 times the current total market cap of the S&P 500.

Kiyosaki believes that since December 2024, below the all-time high of 40, the Bitcoin-to-gold ratio should reach 21.5. Regarding more, the ratio stands at 22 for the current 200-day moving average, making Kiyosaki's opinion far from bullish for the cryptocurrency. Additionally, gold's annual yield should rise significantly if its price rises.

US News reports that Miyazaki has been predicting a major economic collapse since at least 2011 without much success. In a September 2015 post, Kiyosaki said, “Since '02, we've been predicting that we'll see a stock market crash in '16, but the S&P 500 gained 9.5% that year. It seems unusual to time-test the market 10 years ago.”

In May 2024, Kiyosaki announced the beginning of the biggest recession in history and advised his followers to “not be greedy” and avoid holding “falling knives”. The advisory comes five months after a similar 2008 bank loan sell-off issued an early warning. 20 months later, nothing remotely similar has happened.

Related: Lyn Alden Advises Bitcoin Will Outpace Gold in Next ‘Two to Three Years'

In May 2024, Kiyosaki proposed saving in gold and silver, although bitcoin was mentioned. However, the S&P 500 rose 16% over the next 8 months, while gold prices rose 15% and silver traded 11%. Ultimately, Kiasaki has a less-than-profitable track record and is positioned to support market declines.

Even if Bitcoin hits $750,000, it doesn't mean the cryptocurrency will emerge as a top-5 asset by market capitalization, especially since Kiyosaki expects silver to surpass $11 trillion after the so-called “bubble burst.” Finally, despite Kiyosaki's lofty target price, his bullish forecast is far from bullish for Bitcoin investors.