Bitcoin Price Prediction: Robert Kiyosaki, author of "Rich Dad Poor Dad," calls out "the first scarce currency," with a bullish tendency in November.

Bitcoin trading shows a slight bullish tendency, hovering around $115,440. Robert Kiyosaki, author of “Rich Dad Poor Dad,” stated that the path to financial freedom today lies in Bitcoin and Ethereum, rather than savings accounts or retirement plans, reigniting discussions on Bitcoin price predictions. Kiyosaki referred to BTC as “the first truly scarce currency,” predicting that institutional demand will intensify and drive up prices.

Old mindset deposits, new mindset buys BTC

Kiyosaki contrasted the “old thinkers” who rely on traditional education, long working hours, and statutory savings with the “new thinkers” who invest in scarce assets and start their own businesses. He warned that this shift has turned the wealth gap into a “great canyon.” This metaphor strikes at the core contradiction of the contemporary financial system: the traditional paths to wealth accumulation are failing.

In the past, working hard, saving money, and relying on retirement plans were widely accepted paths to financial freedom. However, Kiyosaki points out that this logic has gone bankrupt in today's monetary environment. Inflation erodes purchasing power at a rate of 3% to 7% per year, while savings account interest rates are often lower than the inflation rate, meaning that saving money is actually losing value. More seriously, the expansion of the money supply caused by quantitative easing has led to an increasing amount of “fake money,” diluting the wealth of those holding cash or cash equivalents.

Kiyosaki wrote: “Buying Ethereum today at $4,000 is like those who bought Bitcoin at $4,000.” He urges investors to embrace innovation rather than sticking to conventions. This analogy suggests that purchasing Ethereum now may yield returns similar to those of early Bitcoin investors. Considering that Bitcoin has risen from $4,000 to the current $110,000, a 27-fold increase, this is an extremely tempting prospect.

His viewpoint reflects a generational shift: younger, more risk-tolerant investors see cryptocurrency as an independent tool rather than a speculative one. Millennials and Generation Z have far less trust in traditional financial systems than their predecessors; they have witnessed the 2008 financial crisis, the unlimited QE during the COVID-19 pandemic, and the subsequent wave of inflation. For these young investors, Bitcoin is not a speculative gamble, but a necessary defensive tool against currency devaluation.

Comparison of New and Old Thinking:

Old Mindset Path: Study hard → Find a stable job → Save money to buy a house → Rely on retirement funds

New Thinking Path: Learn financial knowledge → Invest in scarce assets (BTC/ETH) → Entrepreneurship or passive income → Financial freedom

Core Difference: Old thinking relies on employers and the government, while new thinking takes control of one's own wealth.

Kiyosaki's discourse is not without basis, but is built on a profound understanding of the nature of currency. He has repeatedly emphasized the concept of “fake money,” referring to fiat currency that is not limited by supply. When the government can print money endlessly, the value of each banknote is being diluted. In contrast, Bitcoin's supply cap of 21 million coins is written into the code and cannot be changed by any government or institution.

Bitcoin as the first scarce currency

Later, in a follow-up article by X, Kiyosaki reiterated his confidence in BTC, calling it “the first truly scarce currency.” Given that the maximum supply of BTC is 21 million coins, and nearly 20 million have already been mined, he predicted that institutional demand would increase, driving up prices. “Buying behavior will accelerate. FOMO is real,” he warned.

This scarcity narrative is one of the most important fundamental supports in Bitcoin price predictions. Currently, about 19.7 million BTC have been mined, with only 1.3 million remaining, and the new coin production rate continues to decline with each halving event. Currently, 3.125 BTC are produced per block, which will drop to 1.5625 after the next halving. The supply growth rate is approaching zero, while demand is growing exponentially.

The intensified demand from institutions is a key variable in Kiyosaki's forecast. The capital inflow after the launch of the Bitcoin spot ETF has already exceeded $30 billion, with companies like Strategy, Tesla, and Block holding over 1 million BTC. When these institutional buyers meet the remaining 1.3 million units of mineable supply, the supply-demand imbalance will drive prices into a new magnitude.

His comments echo the increasingly popular view that Bitcoin can serve as a hedge against currency devaluation, akin to a digital version of gold. Gold is regarded as a store of value due to its scarcity and non-falsifiability. Bitcoin not only inherits these characteristics but also adds divisibility (can be subdivided up to eight decimal places), transferability (can reach any location in the world within minutes), and verifiability (every transaction on the blockchain is transparent and traceable). These advantages have led to Bitcoin being referred to as “Digital Gold 2.0.”

The warning from Kiyosaki that “FOMO is real” deserves attention. When Bitcoin breaks through key psychological levels such as $100,000, media reports and social media discussions will see exponential growth, attracting a large number of new investors to enter the market. This panic buying (Fear of Missing Out) often pushes prices to unsustainable highs in the short term, followed by sharp corrections. However, in the long run, each wave of FOMO leaves behind a new group of long-term holders, driving the price floor to continuously rise.

Symmetrical triangle indicates a breakthrough is imminent

(Source: Trading View)

Bitcoin (BTC/USD) trading price broke through $112,304, forming a symmetrical triangle on the 4-hour chart, a shape that typically indicates significant volatility. The price trend shows that the lows are rising around $109,700, while the highs are around $114,115, indicating that the market is in a state of equilibrium prior to a potential breakout. This convergence pattern holds significant reference value in Bitcoin price forecasting.

The symmetrical triangle is a classic consolidation pattern, formed by a series of progressively narrowing highs and lows. This pattern reflects the balance of power between buyers and sellers, and as the triangle approaches its apex, the price fluctuations gradually decrease, reaching a peak of market uncertainty. Historical experience shows that when a symmetrical triangle nears its apex, directional breakouts often occur, and the magnitude of the breakout is usually comparable to the height of the triangle.

The 20-day EMA (110,940 USD) recently broke above the 50-day EMA (110,524 USD), indicating a short-term bullish momentum. This golden cross is an important buy signal in technical analysis, suggesting that the short-term trend is strengthening. Meanwhile, the RSI is at 63, indicating healthy upward pressure with no overbought risk. An RSI between 50 and 70 is considered a healthy bullish zone, showing upward momentum without reaching overheating.

The bullish engulfing candlestick pattern around $111,000 near the gyroscope confirms new buying interest. The bullish engulfing pattern occurs after a price decline, where a large bullish candle completely engulfs the previous bearish candle, indicating that bullish strength is overpowering bearish forces. This pattern often signifies the formation of a short-term bottom.

Breaking through 114,115 USD may trigger a pump, with target prices between 117,000 USD and 119,800 USD, consistent with the upward trend line from September. This target price is based on the measurement rule of a symmetrical triangle: adding the height of the triangle (approximately 4,400 USD) to the breakout point. If the breakout is confirmed, the next psychological barrier of 120,000 USD will also become an important testing point.

However, if it fails to maintain above $111,000, it may pull back to $109,700 or $106,700. $109,700 is the lower boundary of the symmetrical triangle, and breaking below it would declare the pattern invalid. $106,700 is a deeper support level, corresponding to the key low point of the previous adjustment.

Trading Strategy and Risk Management

In terms of trading settings, go long above $114,100, with a target price of $117,000 to $119,800, and a stop loss below $110,000. This setup provides about a 1:2 risk-reward ratio, which meets the standards of professional traders. A break below $109,700 would favor going short, with a target price of $106,700.

As of October 27, Bitcoin is temporarily quoted at $115,350, having broken through the upper boundary of the symmetrical triangle, and is currently testing the validity of the resistance level at $114,115. If it can stabilize above this level, the path to $117,000 will become clear. Nevertheless, the technical setup for Bitcoin indicates that volatility will still occur in the future, which aligns with Kiyosaki's long-term view that financial freedom may indeed be encoded on the blockchain.

Whether Qingsaki's prediction is correct remains to be seen, but his argument provides an intriguing framework: Bitcoin is not just an investment tool, but also a way to combat currency devaluation and achieve financial independence.