Both Robert Kiyosaki and Standard Chartered bank have the same prediction regarding the timing and peak level of Bitcoin.
Since the beginning of this year, the price of Bitcoin has increased by 80%, but it is still significantly lower than the peak level of $69,000 in late 2021.
On Twitter, Kiyosaki publicly expressed his support for the latest move by the BRICS members to adopt a gold standard. He mentioned that the BRICS nations may announce a gold-backed cryptocurrency next month, which could potentially disrupt the current status quo in pricing the US dollar (USD).
Kiyosaki also advised people to buy gold and silver as a hedge against high inflation. Additionally, he predicted that the price of Bitcoin is poised to reach $120,000 in the coming year.
This prediction aligns with Standard Chartered Bank’s forecast, stating that “due to supply shock, the price of BTC could surge to $50,000 this year and reach $120,000 by 2024.”
Given the alarming surge in inflation rates worldwide, along with the scarcity of supply and the upcoming Bitcoin halving event, the cryptocurrency community is eagerly anticipating a significant breakthrough for BTC.