Robert Kiyosaki, well known as the author of the best-selling book “Rich Dad Poor Dad,” has made a daring forecast that the bitcoin price will reach $100,000. 

In a recent tweet, Kiyosaki expressed his appreciation for bitcoin and cited its independence from governments and financial organizations as one of the primary reasons for his positive perspective. Kiyosaki has a bullish prognosis for bitcoin because of its independence from these institutions.

Kiyosaki states that the moment that he observed the cryptocurrency’s dramatic climb to $20,000, only to crash to zero a short time later, was when he started his love affair with bitcoin.

Despite this loss, Kiyosaki continued to track the development of the cryptocurrency and finally made a large buy when its price hit $6,000.

In the past, he has been critical of the government’s financial policies and advocated for a change in investment techniques to protect against the possibility of economic slowdowns.

Kiyosaki’s positive attitude has stayed the same even though the bitcoin market has been experiencing a fair share of volatility. He urges people to consider bitcoin a viable investment, highlighting that it has the potential for significant returns and is independent of governments and financial institutions.

It’s possible that Kiyosaki’s forecast of bitcoin hitting $100,000 will be pretty close if the cryptocurrency continues to gain in popularity.

Bitcoin price analysis

Bitcoin has been on for a tough week, with the crypto king drop[ping back to the $28,000 level amid a general market dip for the past few days. 

The asset had recorded a 2% decrease in price valuation within 24 hours as the trading volume also recorded a 1.3% decrease within the same period as of press time.