Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad,” has predicted that Bitcoin could potentially climb to $105,000 by August 2025. This projection hinges on the outcome of the upcoming U.S. presidential election, specifically if Donald Trump emerges victorious.
The Impact of a Weaker Dollar on Bitcoin
Kiyosaki attributes his forecast to Trump’s potential economic policies, particularly his plan to weaken the U.S. dollar. Kiyosaki believes that if the Federal Reserve reduces interest rates, the U.S. dollar will depreciate, making it cheaper compared to other currencies. This would make imports more expensive and exports more competitive.
Effects on Bitcoin and the Broader Economy
According to Kiyosaki, Trump’s administration would likely boost domestic oil drilling, contrasting with the current administration’s halt of the Keystone XL Pipeline, which led to a significant increase in oil prices. A weakened dollar combined with increased oil drilling could create more local employment opportunities, encouraging Americans to invest more in assets such as gold, silver, and Bitcoin.
Kiyosaki summarized the economic impact: “A weaker dollar will drive up exports, create jobs, stimulate new factory openings, and lead to higher prices for gold, silver, bitcoin, stocks, and real estate.”
Previous Predictions and Current Bitcoin Trends
Previously, Kiyosaki had forecasted Bitcoin reaching $350,000, attributing this to perceived failings in U.S. leadership. Although Bitcoin hit a high of $73,700 in March 2024, its value has since fallen to around $54,000. As of now, Bitcoin trades at about $66,700, and while the future remains uncertain, many investors remain optimistic that Bitcoin will exceed $100,000 in the near future.
Political Influences and Bitcoin’s Prospects
Bitcoin has shown positive responses to political developments involving Donald Trump, who has become a notable supporter of cryptocurrency during his 2024 campaign. An assassination attempt on Trump earlier this month also coincided with a rise in Bitcoin prices.
While the exact trajectory of Bitcoin remains uncertain, Kiyosaki’s predictions emphasize the potential influence of economic and political factors on the cryptocurrency market.
