{"id":133920,"date":"2020-12-15T13:35:21","date_gmt":"2020-12-15T10:35:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50000-next-year\/"},"modified":"2020-12-15T13:35:21","modified_gmt":"2020-12-15T10:35:21","slug":"rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50000-next-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50000-next-year\/","title":{"rendered":"# Rich Dad Poor Dad author explains why Bitcoin will see $50,000 next year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33bdcf9abe6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33bdcf9abe6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50000-next-year\/#Why_is_Kiyosaki_talking_about_institutional_interest_in_Bitcoin\" >Why is Kiyosaki talking about institutional interest in Bitcoin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50000-next-year\/#CME_and_Grayscale_trading_activity_continue_to_surge\" >CME and Grayscale trading activity continue to surge<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Rich Dad Poor Dad author explains why Bitcoin will see $50,000 next year<br \/>\n<\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>\nThe Bitcoin price (BTC) is heading to $50,000 in 2021, says the best-selling author of \u201cRich Dad Poor Dad,\u201d Robert Kiyosaki.\u00a0<\/p>\n<p>Kiyosaki pinpointed the \u201cwall of institutional money\u201d is coming to Bitcoin in 2021, which could push the price up further.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_Kiyosaki_talking_about_institutional_interest_in_Bitcoin\"><\/span>Why is Kiyosaki talking about institutional interest in Bitcoin?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kiyosaki, who is also a real estate mogul and an investor in precious metals, has historically liked various stores of value including silver.<\/p>\n<p>Based on the institutional inflow into Bitcoin, Kiyosaki noted that BTC below $20,000 is ideal, as $50,000 is the next target. He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1337978702978695173?s=20\">said<\/a>:<\/p>\n<blockquote><p>\u201cGlad I bought Bitcoin. Next stop $50k. Wall of institutional money coming 2021. Buy below $20k. 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.\u201d<\/p><\/blockquote>\n<p>If Bitcoin hits $50,000, its market cap would reach $928 million, which would be around 10.3% of gold\u2019s market cap compared to the current 2.9%.<\/p>\n<p>Bitcoin is in a favorable position to rally in the upcoming months because of its low correlation with the stock market.<\/p>\n<p>Traditional safe-haven assets, like gold, often pull back when U.S. equities rallied. In the case of BTC, it has shown a relatively low correlation with U.S. stocks. Hence, Bitcoin has seen sharp uptrends even when equities increase in value.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/21423eab-93e9-4c1b-8559-79d459c079bc.jpg\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin correlation vs. Gold, S&amp;P500. Source: Digital Assets Data<\/em><\/figcaption><\/figure>\n<p>For instance, over the past 24 hours, Bitcoin price has increased by around 4.5%, recording a 6.5% gain at the day\u2019s peak. <\/p>\n<p>BTC rallied in tandem with gold, while the Asian markets slumped and U.S. stocks slightly retreated. Holger Zschaepitz, a market analyst at Welt, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1338728464162189312\">said<\/a>:<\/p>\n<blockquote><p>\u201cAsian 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 &lt;0.9%. Dollar steady w\/Euro at $1.2153. Gold rises to $1839. #Bitcoin at $19.1k.\u201d<\/p><\/blockquote>\n<p>The lack of correlation between Bitcoin and U.S. stocks likely comes from two factors. First, when risk-on assets increase, BTC benefits from an overall rise in investor <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite. <\/p>\n<p>Second, stocks have increased in recent months due to unprecedented central bank liquidity injections. Relaxed financial conditions benefit Bitcoin because investors move to hedge against inflation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CME_and_Grayscale_trading_activity_continue_to_surge\"><\/span>CME and Grayscale trading activity continue to surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CME Bitcoin futures market\u2019s open interest is hovering at $1.07 billion, just behind OKEx and Binance Futures.<\/p>\n<p>The data show that institutional demand for Bitcoin is high to the point where institution-focused platforms are surpassing major retail exchanges in open interest and trading volume.<\/p>\n<p>Grayscale has also surpassed $13 billion in assets under management on Dec. 15, indicating a large increase in institutional inflow into Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Record AUM for Grayscale&#8230;$13 billion <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bSFF7Jtimb\">https:\/\/t.co\/bSFF7Jtimb<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1338607826726506502?ref_src=twsrc%5Etfw\">December 14, 2020<\/a>\n<\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Institutions appear to be rapidly accumulating Bitcoin following the high-profile publicized investments from the likes of MicroStrategy, Square, and MassMutual. Consequently, as Cointelegraph reported, this has led to aggressive dip-buying in both the futures and options markets.<br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/rich-dad-poor-dad-author-explains-why-bitcoin-will-see-50-000-next-year\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Rich Dad Poor Dad author explains why Bitcoin will see $50,000 next year &#8221; The Bitcoin price (BTC) is heading to $50,000 in 2021, says the best-selling author of \u201cRich Dad Poor Dad,\u201d Robert Kiyosaki.\u00a0 Kiyosaki pinpointed the \u201cwall of institutional money\u201d is coming to Bitcoin in 2021, which could push the price up&#8230;<\/p>\n","protected":false},"author":1,"featured_media":133921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/fc265493-3f54-47f6-9664-94e7ba254f95.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-133920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/133920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=133920"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/133920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/133921"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=133920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=133920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=133920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}