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Bitcoin Could Crash to $60k Before a Massive Pump: Robert Kiyosaki

Like Kiyosaki, several Bitcoiners expect the leading crypto asset to see a free fall to around $60,000.

Avatar image of Mishael Nwani Mishael Nwani•December 2, 2024

Bitcoin (BTC) has started the month on a bearish trend, seeing a free fall from $98,000 to a depth of $94,900 at press time. This move has made many Bitcoiners expect the asset to experience a significant price drop.

American businessman and author Robert Kiyosaki is among those speculating that BTC will decrease to as low as $60,000 before a massive pump to a peak of $250,000 next year. The big question, however, is if BTC will retest the $60,000 price mark.

BTC to Drop to $60k

Like many Bitcoin investors, Kiyosaki expected the apex crypto asset to touch a trading price of $100,000. However, this price expectation failed to come to fruition. Some jokingly attributed it to Jim Cramer’s bullish Bitcoin comment shortly after the leading crypto asset touched its peak slightly above $99,600. These onlookers say that prices often go in the opposite direction Cramer says they would go.

With BTC’s failure to attain the $100,000 price mark, Kiyosaki and others expect the price to drop below $90,000 soon. Earlier today, renowned technical analyst Ali Martinez shared a tweet thread showing other analysts who project BTC’s price tank. Most of these analysts, including Sheldon the Sniper, Tone Vays, and Thomas Lee, expect strong liquidation to pull bitcoin’s value to lower price levels.

Without explicitly supporting the motion, Martinez stressed that many retail Bitcoiners believe these influential figures calling for a BTC price pullback.

On the bright side, most of these influential figures believe that the leading cryptocurrency will reclaim a significant price level next year. Kiyosaki and Lee, for example, expect the apex crypto asset to sell for $250,000 in 2025. The renowned author urged Bitcoiners to focus on stacking as much BTC as possible instead of dwelling on the price movement. He emphasized that acquiring more BTC after a price tank is his game plan.

Martinez, for his part, believes that BTC could perform in the opposite direction, going higher than expected in the near term. He added that bitcoin could soar to as high as $150,000 if the current market trends mimic past market cycles before a 30% price correction occurs.

Meanwhile, BTC exchanged hands with $95,100 at the time of writing, representing a 1.69% drop in the past 24 hours.

Mishael Nwani

Mishael Nwani is an avid crypto enthusiast with nearly four years of experience in the industry. Since 2022, he has covered topics across cryptocurrencies, NFTs, artificial intelligence, and financial markets.