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Bitcoin to Reach $1 Million by 2035, Says Kiyosaki

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  • Robert Kiyosaki predicts Bitcoin at $1M by 2035, gold at $30,000, silver at $3,000.
  • Influential figures like Jack Dorsey, Cathie Wood, and Adam Back also foresee Bitcoin surpassing $1 million this decade.
  • Bitcoin trades at $85,168 with strong resistance near $86,000 and key target at $91,000.

Robert Kiyosaki, investor and author of Rich Dad, Poor Dad, recently offered a bold forecast for Bitcoin’s long-term trajectory. According to an April 18 post on X, Kiyosaki expects the leading cryptocurrency to soar past $1 million per coin by the year 2035. He also forecasted that gold could reach $30,000 per ounce, with silver potentially rising to $3,000 per coin.

Kiyosaki’s belief is rooted in his long-standing concerns about inflation and the weakening value of fiat currency. He has repeatedly emphasized that physical assets such as gold, silver, and now Bitcoin, serve as vital protection against the consequences of poor monetary policy. 

His remarks arrive at a time when fears about rising debt and economic instability are widespread. Kiyosaki added, “In 2025, credit card debt is at all-time highs, US debt is at all-time highs, unemployment is rising, 401k’s are losing, and pensions are being stolen. The USA may be heading for a greater depression.”

Rising Voices Join the Million-Dollar Bitcoin Chorus

Kiyosaki is not alone in his projection. In May 2024, Jack Dorsey, the co-founder of Twitter, shared his strong belief that Bitcoin could hit $1 million by 2030. He also pointed out that the value could grow even further if the current demand continues to rise. 

Echoing similar sentiment, Blockstream CEO Adam Back said the cryptocurrency could hit $1 million, especially if the U.S. government, under a future Trump administration, were to establish a BTC reserve and begin direct purchases from the market.

Eric Trump, addressing the Bitcoin MENA event in Abu Dhabi, emphasized Bitcoin’s scarcity as a key factor that might propel the digital asset to a value of $1 million. Ark Invest CEO Cathie Wood even predicted that it could touch $1.5 million by the end of the decade. The growing number of notable voices reinforcing this long-term value projection reflects an expanding confidence in BTC as a strategic hedge.

Bitcoin Struggles to Break $86K Resistance

Currently, the cryptocurrency trades at $85,168, showing little momentum to break above the $86,000 barrier. Since reaching a new high in late January, the cryptocurrency has undergone a 21% correction, largely attributed to global trade tariff tensions that shifted investor interest toward safer assets.

In early April, the cryptocurrency began to recover as trading pressures eased and negotiations advanced. However, it continues to stay within the $84,000 to $86,000 range. Market analyst Daan Crypto Trades identifies three key resistance levels within this zone. The first resistance is a diagonal downtrend line, and a breakout above it could signal a potential recovery.

Bitcoin 10
Source: Daan Crypto Trades

The next challenges lie in the form of the 200-day Simple Moving Average (MA) and the 200-day Exponential Moving Average (EMA). A decisive move above both lines could support a trend reversal and renew bullish sentiment.

But Daan Crypto emphasized that the ultimate test awaits higher up. If it manages to reclaim the $90,000–$91,000 range, which previously served as a strong support level, the asset could return to its bullish path. This zone remains key for determining whether Bitcoin can re-enter the broader uptrend.

Related Readings | Hooked Protocol (HOOK) Prepares for Lift-Off Toward $0.30 Target

XRP Faces Critical Test at $2.14: Bullish Breakout or Bearish Trap?

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  • XRP Shows Strength After Dip. Despite falling to $1.61 earlier in the week, XRP bounced back to $1.88
  • For XRP to continue rising, it must break key resistance levels at $2 and especially $2.14 (the 20-day EMA), which could open the path to $3.
  • Some analysts predict a drop to $1.30 due to a bearish chart pattern, while others believe strong support at $1.88 could keep XRP stable.

Crypto analysts are raising concerns as XRP continues to rise in price. While the recent surge is exciting for investors, some experts warn that the price could quickly fall again and XRP would hit $1.30.

Consequently, traders are now watching closely to see if the momentum can continue or if a pullback is coming.

XRP’s Mood Swings Stir Debate Among Analysts

This week, XRP’s price has been quite unpredictable, making traders and analysts closely study charts and signals to figure out what might happen next. At first, the coin dropped sharply to $1.61 on Tuesday during a general market dip, which worried many investors. However, according to CoinMarketCap, XRP bounced back, showing strength by climbing to around $1.88.

XRP 1D graph coinmarketcap 9
XRP Faces Critical Test at $2.14: Bullish Breakout or Bearish Trap? 5

Despite the recovery, Ripple still has some tough challenges ahead. To keep moving upward, it must break past the key $2 resistance level, which is a price point where many sellers might step in. Even more important, analysts say the coin must also break above the 20-day Exponential Moving Average (EMA), which is around $2.14 right now.

If Ripple can move above that level with strong trading volume, it could spark a rally toward $3, a target that’s been talked about often in the crypto community.

At the moment, experts have mixed opinions. One analyst, Ali Charts, warned that Ripple might be forming a bearish head-and-shoulders pattern, which could mean a possible drop to $1.30 before it climbs again.

image 75 1
XRP Faces Critical Test at $2.14: Bullish Breakout or Bearish Trap? 6

On the other hand, analyst Dark Defender is more optimistic. He pointed out that Ripple is still holding above the $1.8815 support level, and as long as that level stays strong, there’s no immediate sign of a crash.

image 75 2
XRP Faces Critical Test at $2.14: Bullish Breakout or Bearish Trap? 7

In short, Ripple’s next move could go either way, and traders are watching closely to see if it can break resistance and rally or if a dip is coming first.

Crypto Buy Opportunities Expected to Last Longer: Analyst Insights

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  • Syncracy Capital’s Daniel Cheung prеdicts prolongеd “buy thе dip” opportunitiеs аmid а 2.56% drop in thе crypto mаrkеt.
  • $1.58B in lеvеrаgеd longs liquidаtеd; IOTA, WIF, аnd BRETT plungеd 13.9%, 13.8%, аnd 13.8%.
  • Bitfinеx аnаlysts prеdict mildеr Bitcoin dеclinеs, citing rеducеd sеll-sidе prеssurе аnd profit-tаking аctivity.

A crypto hеdgе fund mаnаgеr bеliеvеs trаdеrs might еxpеriеncе еxtеndеd opportunitiеs to buy cryptocurrеnciеs аt lowеr pricеs during thе currеnt mаrkеt cyclе. This comеs аftеr а significаnt drop in thе crypto mаrkеt cаpitаlizаtion.

“Thеrе will bе intrа-month volаtility, but thе pullbаcks likеly will bе а ‘buy thе dip’ scеnаrio for much longеr thаn еvеryonе еxpеcts,” sаid Daniel Cheung, co-foundеr of Syncrаcy Cаpitаl, in а Dеc. 9 post on X. His commеnts followеd а 2.56% mаrkеt cаpitаlizаtion drop to $3.48 trillion within 24 hours, аccording to CoinMаrkеtCаp.

Chеung highlightеd а shift in trаdеr bеhаvior towаrd short-tеrm profit-tаking strаtеgiеs, dеviаting from thе prеvious cyclе’s long-tеrm “hodl” mеntаlity. Chеung dеscribеd, “Thе rеаlity is timing mаrkеts аrе еxtrеmеly difficult, аnd thе fаct thаt so mаny pеoplе bеliеvе thеy cаn cаll thе ‘top’ on crypto now lеаds mе to bеliеvе crypto is duе for а much longеr thаn еxpеctеd uptrеnd this timе.”

Market Liquidations and Altcoin Plunges

Rеcеnt dаtа from CoinGlаss rеvеаlеd thаt $1.58 billion in long positions wеrе liquidаtеd аcross thе mаrkеt within thе pаst 24 hours. Swyftx lеаd аnаlyst Pаv Hundаl аttributеd this to еxcеssivе lеvеrаgе by trаdеrs. Hе еxplаinеd thаt trаdеrs hаd bееn hеаvily еntеring lеvеrаgеd long positions. Howеvеr, аs spot mаrkеt liquidity dеclinеd, thеsе trаdеrs fаcеd significаnt chаllеngеs — а scеnаrio аkin to аn ‘еxtinction еvеnt’ for lеvеrаgеd long positions.

Coinglass
Source: Coinglass

Altcoins fаcеd shаrp dеclinеs, with significаnt lossеs аmong thе top 100 cryptocurrеnciеs. According to Crypto Bubblеs, IOTA plummеtеd 13.9%, WIF fеll 13.8%, аnd BRETT droppеd 13.8% within 24 hours. Anаlytics firm Sаntimеnt notеd thаt pаnic sеlling by rеtаil trаdеrs could triggеr аn аggrеssivе rеcovеry. Anаlyst Hundаl аddеd thаt this rеcovеry could bе sееn pаrticulаrly in аssеts likе TRX, AVAX, DOT, ICP, POL, FIL, аnd TIA.

Cryptos
Source: CryptoBubbles.net

Future Crypto Declines May Be Less Severe

Bitfinеx аnаlysts offеrеd а morе optimistic outlook, suggеsting thаt nеаr-tеrm Bitcoin dips might not bе аs sеvеrе аs lаst wееk’s 10% plungе. On Dеcеmbеr 9, аnаlysts notеd thаt thе rеcеnt drop in rеаlizеd profit, combinеd with thе prеvаiling sеll-sidе prеssurе, suggеsts thаt futurе pricе dеclinеs mаy occur аt а morе grаduаl pаcе compаrеd to thе shаrp downturn obsеrvеd lаst wееk.

Chеung аlso undеrscorеd thе chаllеngеs of mаrkеt timing, noting thаt thе prеvious cyclе’s аpproаch of buying dips аnd holding long-tеrm invеstmеnts yiеldеd significаnt gаins. His commеnts еchoеd а broаdеr sеntimеnt thаt thе crypto mаrkеt’s trаjеctory might diffеr from historicаl pаttеrns, with а longеr uptrеnd potеntiаlly on thе horizon.

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The 3 Reasons Behind Bitcoin’s 2020 Bull Run: What Was Behind It?

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What’s behind Bitcoin’s 2020 bull run?

Bitcoin has been on a real rollercoaster ride in 2020 – after the uncertainty surrounding the global pandemic sent the cryptocurrency crashing below $5,000 in March, the world’s largest cryptocurrency has produced an almost miraculous recovery towards the all-time high $20,000 level.

Looking at the Bitcoin price chart on CoinMarketCap, we can see a strong upwards trend emerging in the second half of 2020. Bitcoin surpassed the $10,000 milestone in late July, and hasn’t returned below that key price level since.

As Bitcoin fans, let’s take a break from constantly checking live crypto prices in the hopes of finally seeing BTC break above $20,000, and take a look at some of the most important factors that have contributed to Bitcoin’s amazing performance in 2020.

Growing institutional presence in Bitcoin

The 2017 cryptocurrency rally was in large part driven by retail investors, i.e. everyday people who decided to invest some of their money in cryptocurrency as the asset class started showing a strong performance.

The cryptocurrency landscape is quite different in 2020, as we’re seeing a much stronger presence of institutional investors – these are companies and wealthy investors that have the means of single-handedly moving millions and potentially billions of dollars into the cryptocurrency market.

One of the clearest examples of the involvement of institutions in the cryptocurrency market is Grayscale, a company that creates products for investing in cryptocurrency that can be bought in a similar way to buying a stock.

In each consecutive quarter of 2020 so far, Grayscale has broken its own previous records in terms of the amount of money that flowed into its cryptocurrency investment products. In Q3 2020, quarterly inflows broke the magical barrier of $1 billion for the first time in Grayscale’s history, with the company revealing that 84% of the inflows originated from institutional players (primarily hedge funds). The company’s Grayscale Bitcoin Trust, which provides investors with exposure to Bitcoin, recorded $719 million in inflows during the quarter.

Established players in the financial markets are also becoming involved in cryptocurrency. Major banks like BBVA and Standard Chartered are reportedly working on cryptocurrency custody and trading solutions, while DBS Bank, the largest bank in Singapore, is working on a trading platform for digital assets. With these major names entering the picture, it will become easier than ever for more institutional players to allocate a part of their capital to the emerging cryptocurrency asset class.

The Bitcoin as a store of value narrative is strengthening

In the early days of the project, Bitcoin was being presented as a form of digital cash with the potential to displace the fiat currencies that we use today on an everyday basis. However, as Bitcoin’s scalability limitations became apparent, the narrative has largely shifted towards Bitcoin being a store of value.

And to be fair, Bitcoin does have many properties that make it very appealing as a store of value – it has a hard cap on its supply (only 21 million BTC can ever exist), new BTC coins are mined at predictable and constant rates, and the network is extremely resistant to censorship and outside interference. In comparison with gold, the most well-established store of value asset, Bitcoin also has the advantage of being almost infinitely divisible and BTC can be cheaply transferred anywhere in the world on a 24/7 basis.

As Bitcoin increasingly becomes perceived as a legitimate store of value, we’re now seeing some companies opting to purchase BTC to protect the value of their holdings against inflation and aggressive money printing. The most prominent examples of this include MicroStrategy, which has purchased over $450 million worth of Bitcoin (with plans to buy more), and Square, which has bought $50 million worth of BTC.

Legendary investors like Paul Tudor Jones and Stanley Druckenmiller have also expressed bullish views on Bitcoin, and have both compared the world’s leading cryptocurrency to gold.

The Bitcoin halving

2020 was the year of the third Bitcoin halving, which happened on May 11. The halving decreased the Bitcoin block reward from 12.5 BTC to 6.25 BTC, constricting the flow of newly mined BTC. The Bitcoin protocol is designed so that miners gradually receive fewer rewards over time until the total supply of BTC is mined. Don’t worry, this won’t happen very soon – according to estimates, the last Bitcoin will be mined in 2140.

While there were fears that the Bitcoin mining industry could suffer heavily because of the halving, the reality is that the Bitcoin network’s hashrate is now significantly larger than it was before the halving in May. Bitcoin halvings happen every 4 years and are generally accompanied by very strong bullish sentiment. As far as fundamental factors are concerned, it’s tough to find something that draws more attention to Bitcoin than its halvings.

Conclusion

The best part about the trends outlined above is that their influence on the Bitcoin market will likely only continue to strengthen in 2021 and beyond. Bitcoin is currently in a very strong position, and we can’t wait to see what the next year brings to the table. While it’s impossible to predict the future exactly, Bitcoin HODLers have plenty of great reasons to be bullish right now.