According to CryptoPotato, Robert Kiyosaki, a renowned American author and financial educator, has expressed his support for the $2.3 million Bitcoin (BTC) prediction made by Cathie Wood's asset management firm, Ark Invest, earlier this year. Kiyosaki stated in a tweet that he trusts Wood's predictions due to her intelligence and the potential of BTC to reach such a value under favorable conditions.
In February, Ark Invest published a research report detailing the potential impact of institutional investments and allocations from the global $250 trillion investable asset base on Bitcoin's price. The report suggested that a 1% allocation from this asset base could drive BTC's price to $120,000. Similarly, a 4.8% average maximum Sharpe ratio allocation from 2015 to 2023 could position BTC at $550,000, while a 19.4% allocation could propel the cryptocurrency to $2.3 million.
While Kiyosaki agrees with Ark's predictions, he acknowledged that the firm's analysis might be incorrect. However, he emphasized the importance of individual ownership and perception of BTC. If Ark's predictions materialize, Kiyosaki stated he would regret not purchasing more BTC. Conversely, if Ark's predictions prove incorrect, he would be content with not owning any BTC. Regardless of Ark's accuracy, Kiyosaki asserted that many people would not own any Bitcoins.
Kiyosaki also expressed his belief that BTC could reach $2.3 million. He argued that predictions like Wood's stem from the courage to make and learn from mistakes. He encouraged his followers to 'live dangerously' and buy a small amount of BTC, regardless of whether Ark's predictions come true, as it would make them more knowledgeable and wiser.
Wood, on the other hand, is confident that BTC will be worth $1.5 million by 2030. She believes that BTC reaching $2.3 million is a question of when, not if.