Ethereum News Today: Ethereum's $60k Target: Kiyosaki's Bold Bet or Typo?

Robert Kiyosaki, author of Rich Dad Poor Dad, has reignited debate in the cryptocurrency and precious metals markets with bold predictions that Bitcoin (BTC) could surge to $250,000 and Ethereum (ETH) to $60,000 by 2026, according to a Benzinga article. The investor, known for his contrarian views on fiat currencies and centralized finance, outlined his strategy of accumulating "real money" amid an anticipated economic downturn, despite warnings of a "massive crash" cited in the same article. His latest comments, posted on X, align with his long-standing criticism of the U.S. Treasury and Federal Reserve for what he calls "printing fake money" to fund government debt, as noted in a Benzinga report.

Kiyosaki's price targets are rooted in his belief that Bitcoin and gold are digital and physical equivalents of each other, both serving as hedges against inflation and fiat devaluation. He cited economist Jim Rickards for his $27,000 gold forecast and Fundstrat's Tom Lee for Ethereum's potential as the backbone of stablecoins and tokenized assets, as noted in a Financefeeds piece. The Ethereum prediction, however, has drawn particular scrutiny, as the asset currently trades near $3,500—a far cry from Kiyosaki's $60,000 target, as noted in the Benzinga article.

The author's strategy hinges on economic principles he calls "the laws of money," including Gresham's Law—"bad money drives out good"—and Metcalfe's Law, which ties network value to user growth, as described in a Cointelegraph piece. Kiyosaki argues that decentralized assets with finite supply, like Bitcoin and Ethereum, will gain value as traditional systems inflate. "True wealth is accumulated during periods of fear, not euphoria," he wrote, emphasizing his continued buying of gold, silver, Bitcoin, and Ethereum despite market volatility, according to the Benzinga article.

His warnings come as global markets grapple with rising debt and regulatory uncertainty. The U.S., which Kiyosaki labels "the biggest debtor nation in history," faces scrutiny over its $37 trillion debt load, as noted in the Cointelegraph piece. Meanwhile, cryptocurrencies like Ethereum and Solana are navigating pivotal technical junctures, with Ethereum's price near $3,875 and Solana's rebound to $270 driven by ETF inflows and institutional adoption, as reported in the Financefeeds piece.

Kiyosaki's bullish stance contrasts with mixed reactions from the crypto community. Critics mock his long-standing crash warnings, noting they've persisted for over a decade, as reported in an Altcoinbuzz piece. Yet supporters argue his strategy reflects a focus on long-term value transfer. "Crashes don't destroy wealth; they transfer it," one X user wrote in defense, as noted in the Altcoinbuzz piece.

On-chain data offers some validation. Bitcoin's MVRV ratio—a metric comparing market value to realized value—has hit levels historically preceding 30-50% rebounds, as described in the Cointelegraph piece. Arthur Hayes, former BitMEX CEO, echoed Kiyosaki's thesis, predicting Federal Reserve liquidity injections could fuel asset prices, including Bitcoin, as discussed in the Cointelegraph piece.

As Kiyosaki builds his portfolio, the market remains divided. His vision of a post-cash financial system, dominated by decentralized assets and precious metals, challenges traditional investment norms. Whether his $250,000 Bitcoin or $60,000 Ethereum targets materialize, his rhetoric underscores growing acceptance of cryptocurrencies as legitimate stores of value—even as their volatility and regulatory risks persist, as noted in the Benzinga article.