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This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range

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American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in the next year.

According to Robert Kiyosaki, a “wall of institutional money” is coming to Bitcoin in 2021, which could cause another major surge in Bitcoin prices. Admitting that he owned an undisclosed amount of Bitcoin, Robert Kiyosaki said in a tweet: 

Glad I bought Bitcoin.  Next stop $50 k. Wall of institutional money coming 2021. 

Besides investing in Bitcoin, Robert Kiyosaki operates other external business ventures and investments. He also founded the Rich Dad Company, a private financial education firm. He has invested in real estate as well as precious metals and has thought them to be stores of value.  

If you missed Bitcoin, buy silver. Silver set to move due to AOC’s Green New Deal. America in trouble. Future bright for gold, silver, Bitcoin, and entrepreneurs. 

Robert Kiyosaki further noted that users could invest in Bitcoin, while BTC prices were below $20,000, as $50,000 is the next target and said:

Buy [Bitcoin] below $20 k.

As Asian and US markets retreated this year, Bitcoin continued to rally, as one market analyst at Welt, Holger Zschaepitz, said:

Asian stock retreated w/European and US Futures after a mixed Wall St session, amid caution over econ risks from virus-related curbs and ongoing US fiscal stimulus talks. Bonds gain w/US 10y yields [are less than] 0.9%. Dollar steady w/Euro at $1.2153. Gold rises to $1839. Bitcoin at $19.1k.

Recently, American politician, Cynthia Lummis noted that Bitcoin was vital in the event when the US authorities begin printing more cash to overcome the pandemic-related crisis. Gemini’s co-founders, Winklevoss twins think Bitcoin will gain 25 times its current value as more global investors adopt the leading crypto especially as a hedge against inflation.

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States