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Crypto News

Bitcoin heading for $50k, says Rich Dad, Poor Dad author

Saudu Clement
Saudu Clement

Famous for his book Rich Dad Poor Dad, Robert Kiyosaki, has expressed his beliefs that Bitcoin could be heading for new highs next year. The American business man and author expressed his views in a tweet stating that Bitcoin will tend towards $50,000 next year. His prediction was based on the belief that a “wall of institutional money” will move into the digital asset in 2021.

Kiyosaki has been quite bullish towards Bitcoin in the past year. If his words are anything to go by, it can be assumed that the financial expert already took a position in Bitcoin. He went further to suggest that even though the digital asset is near its 2017 high, at less than $20,000, Bitcoin remains a promising asset worth holding.

True to the assertions of Kiyosaki, there has been a lot of positive sentiment surrounding Bitcoin in recent months. The cryptocurrency market and particularly Bitcoin looks like it is ready to surge. There has been increased interest from institutional investors like Grayscale, Square, MicroStrategy, MassMutual, and a host of others. All in all, the demand for Bitcoin is on the rise; sending the market into a bullish rally and driving fresh investors to the market.