Bitcoin (BTC) has surged past $104,000, approaching critical resistance as influential voices like Robert Kiyosaki push for a shift away from traditional currencies. The “Rich Dad Poor Dad” author recently took to X, urging investors to abandon “fake money” and consider hard assets like Bitcoin, gold, and silver.
His bold prediction that Bitcoin could reach $1 million by 2035 has added momentum to the current rally, which has seen BTC gain nearly 8% over the past week.
Kiyosaki’s long-standing belief in decentralized assets as a hedge against inflation aligns with the broader sentiment driving Bitcoin’s rise.
As the U.S. dollar faces increasing scrutiny, Bitcoin’s decentralized nature and fixed supply are becoming more appealing to both retail and institutional investors.
Key Factors Driving Bitcoin’s Surge
U.S.-China trade optimism and ETF inflows add to bullish momentum.
Kiyosaki’s anti-fiat stance boosts Bitcoin’s appeal as a hedge against inflation.
Predicts BTC could reach $1 million by 2035.
US-China Trade Optimism Fuels Risk Appetite and Bitcoin Demand
Moreover, the surge in Bitcoin’s price can also be attributed to the positive developments surrounding US-China trade relations. As of May 10, President Trump shared optimistic updates regarding trade talks between the two economic giants, suggesting that a potential deal could ease geopolitical tensions.
This optimism has extended to global financial markets, including Bitcoin, which often reacts favorably to risk-on sentiment.
These developments indicate that Bitcoin’s price is benefiting not only from the rising discontent with traditional financial systems but also from a broader economic optimism fueled by potential global trade resolution.
Bitcoin’s price surge is influenced by positive updates on US-China trade talks.
President Trump’s optimism about a trade deal boosts global financial markets, including Bitcoin.
Bitcoin benefits from both dissatisfaction with traditional financial systems and broader economic optimism.
Institutional Inflows Provide Strong Support
Bitcoin’s breakout above $104,000 also reflects strong institutional demand. BlackRock’s iShares Bitcoin Trust (IBIT) recently recorded over $1 billion in net inflows, highlighting growing interest from institutional investors.
This is part of a broader trend, with Fidelity’s Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF collectively adding nearly $1 billion in the past week.
These inflows suggest that institutional investors are increasingly viewing Bitcoin as a strategic long-term asset.
BlackRock’s ETF leads with $1B in net inflows.
Institutional interest supports Bitcoin’s long-term growth.
ETFs add nearly $1B in a single week.
Bitcoin Technical Analysis: Key Levels to Watch
From a technical standpoint, Bitcoin is trading around $104,276, just below the critical 2.618 Fibonacci extension at $105,250. This level is a significant barrier, representing a potential profit-taking zone for short-term traders.
If BTC clears this resistance, the next target is the 2.786 extension at $106,864, offering a potential 2.5% upside. However, early signs of a bearish MACD crossover suggest that momentum could be fading, which might lead to a short-term pullback.
Trade Setup:
Buy Above: $105,250
Take Profit: $106,864
Stop Loss: $103,681
Strategy: Consider buying if BTC breaks above $105,250, targeting $106,864. Use a tight stop below $103,681 to manage downside risk, as a drop below this level could trigger a deeper correction.
Conclusion
With strong institutional support, high-profile endorsements, and a growing anti-fiat narrative, Bitcoin appears well-positioned for further gains.
However, traders should remain cautious as BTC approaches critical resistance levels, where profit-taking could trigger short-term volatility.
The path to $200,000 remains possible, but will likely depend on continued institutional interest and broader market sentiment.
BTC Bull Token Crosses $5.58M as Flexible 78% Staking Yield Draws Investors
BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.58 million in funds raised as it nears its $6.27 million presale cap.
Priced at $0.002505, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.
Utility-Driven Tokenomics Fuel Demand
Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.
This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.
Current Presale Stats:
USDT Raised: $5,581,603.93 of $6,272,266
Current Price: $0.002505 per BTCBULL
Staking Pool Total: 1,342,549,903 BTCBULL
Estimated Yield: 78% annually
With less than $727K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.
The post Bitcoin Price Prediction: Kiyosaki Urges Investors to Abandon ‘Fake Money’ for BTC as Price Gets Closer to All-time High – Is $200,000 Possible? appeared first on Cryptonews.
