Robert Kyosaki Makes Bitcoin Prediction

Robert Kyosaki Makes Bitcoin Prediction

Over the weekend, famous author, Robert Kyosaki, made a tweet that was hard to miss. The financial educator—best known for his book “Rich Dad Poor Dad”— is an ardent Bitcoin supporter and has been promoting the cryptocurrency for a while now.

Kyosaki tweeted yesterday that with the global economy in crisis, he’s becoming especially bullish for Bitcoin, gold, and silver. The personal-finance expert predicts that Bitcoin will be valued at $75,000 within the next 3 years and that the value of gold and silver could double in the nearest future.

Kyosaki believes that the actions of central banks across the globe to prop-up the global economy—by injecting “fake money” into it—sets the economy on a path towards certain collapse. He specifically cited zero/negative interest rates and government stimulus programs as triggers for this collapse.

Robert Kiyosaki claims that these macroeconomic trends will cause investors to flock to better “store of value” assets like Bitcoin to secure their long-term investment interests.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 17

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

Bitcoin continues to show great strength above the $9,200 pivot level giving it more fuel to rally to the upside. Maintaining well above the 100-day moving average, BTC has spent a good amount of time struggling to break the 5-digit hurdle. However, it seems poised, now more than ever, to snap that resistance as it has run out of wiggle room in its prevailing upwards as well as downwards trend lines. At this point, a sharp price move is bound to happen soon, what is uncertain is the direction this surge could go in.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.