{"id":131544,"date":"2020-12-16T02:30:22","date_gmt":"2020-12-15T21:00:22","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=131544"},"modified":"2020-12-16T00:49:32","modified_gmt":"2020-12-15T19:19:32","slug":"this-prominent-author-reasons-why-bitcoin-will-soon-be-heading-toward-the-50000-range","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/this-prominent-author-reasons-why-bitcoin-will-soon-be-heading-toward-the-50000-range\/","title":{"rendered":"This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">American businessman and best-selling author of \u201cRich Dad Poor Dad,\u201d 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 \u201cbright future.\u201d He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in the next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Robert Kiyosaki, a \u201cwall of institutional money\u201d 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 <\/span><a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1337978702978695173?s=20\"><span style=\"font-weight: 400;\">tweet:<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Glad I bought Bitcoin.\u00a0 Next stop $50 k. Wall of institutional money coming 2021.\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Besides investing in Bitcoin, Robert Kiyosaki <\/span><span style=\"font-weight: 400;\">operates other external business ventures and investments. He also <\/span><span style=\"font-weight: 400;\">founded the Rich Dad Company, a private financial education firm. He has invested in <\/span><span style=\"font-weight: 400;\">real estate as well as precious metals and has thought them to be stores of value.\u00a0\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">If you missed Bitcoin, buy silver. Silver set to move due to AOC\u2019s Green New Deal. America in trouble. Future bright for gold, silver, Bitcoin, and entrepreneurs.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">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 <\/span><a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1337978702978695173?s=20\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Buy [Bitcoin] below $20 k.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">As<\/span><span style=\"font-weight: 400;\">\u00a0Asian and US markets retreated this year, Bitcoin continued to rally, as one market analyst at Welt, Holger Zschaepitz, <\/span><a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1338728464162189312\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">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.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Recently, American politician, Cynthia Lummis <\/span><a href=\"http:\/\/ambcrypto.com\/us-needs-an-alternative-path-just-in-case-we-fail-bitcoin-is-that-alternative-path-senator-elect\/\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\"> that <\/span><span style=\"font-weight: 400;\">Bitcoin was vital in the event when the US authorities begin printing more cash to overcome the pandemic-related crisis. Gemini\u2019s co-founders, <\/span><a href=\"https:\/\/eng.ambcrypto.com\/bitcoins-price-could-one-day-be-500000-geminis-winklevoss-brothers\/\"><span style=\"font-weight: 400;\">Winklevoss <\/span><\/a><span style=\"font-weight: 400;\">twins think Bitcoin will gain 25 times its current value as more global investors adopt the leading crypto especially as a hedge against inflation. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American businessman and best-selling author of \u201cRich Dad Poor Dad,\u201d 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 \u201cbright future.\u201d He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in<a href=\"https:\/\/ambcrypto.com\/this-prominent-author-reasons-why-bitcoin-will-soon-be-heading-toward-the-50000-range\/\">Continue reading <span class=\"sr-only\">&#8220;This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range&#8221;<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":131545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,3,20],"tags":[],"class_list":["post-131544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-news","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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