The well known author and investor Robert Kiyosaki is making waves with his positive opinion on Bitcoin, telling investors to think about putting more money into the digital currency. Kiyosaki, who’s famous for “Rich Dad Poor Dad”, has been sharing his thoughts on the economy and Bitcoin. He says the cryptocurrency could see a big increase in value.
How Bitcoin is Doing and What to Expect
Bitcoin (BTC) has been pretty active in terms of price, staying near $67,000 and boasting a market cap of $1.25 trillion. Just last week, it hit its highest value ever at $73,797 due to large investors getting involved and excitement over the halving event happening in April. This event cuts down how many new Bitcoins are created every four years or so, making sure it stays rare.
The excitement around this decrease in supply might boost demand even more growing demand from individual and bigtime investors has pushed Bitcoin’s value up by 51% since the beginning of the year. Even with a recent drop of around 13% from top prices, Bitcoin stands strong, backed by solid basics and lasting interest from those looking to invest.
Kiyosaki’s Bullish Stance on Bitcoin
Robert Kiyosaki hasn’t been shy about his positive outlook for Bitcoin’s price future. He’s pointed out that grabbing some Bitcoin, plus precious metals like gold and silver, is a smart move against economic ups and downs.
Kiyososki believes in Bitcoin because there will only ever be 21 million coins. He points out how this limited amount helps keep its worth up. In his eyes, Bitcoin is like digital gold but even better at keeping its value since we know there won’t be more of it, which helps fight off inflation.
On social media site X, Kiyoaski told folks it’s their chance to get their hands on some Bitcoin. He thinks the price of Bitcoin could go up a lot. He expects it to reach $100,000 by September 2024. He said the halving event and big economic factors might cause this increase.
How to Invest and What the Future Might Hold
Kiyosaki wants to buy 10 more Bitcoins before the halving in April. This shows he believes Bitcoin will keep going up over time. He also has advice for people who can’t buy a full Bitcoin, they should think about buying bits of one through funds called ETFs or tiny pieces called satoshis.
He also says it’s smart to put your money in different things, not just one. He likes having a mix of gold, silver, and Bitcoin in his investments. He warns that it’s risky to only have regular money, especially now with all the debt problems countries have, fights between countries, and other things making markets shaky.
Conclusion
To wrap it up, Robert Kiyosaki really backs putting money into Bitcoin, which shows that more investors are looking for different ways to keep their wealth safe when the economy’s future looks shaky. His positive attitude toward Bitcoin and his focus on sticking with investments for a while highlight just how important cryptos could become in changing how we all think about money.
As more folks start to see Bitcoin as a real thing to invest in and not just digital funny money, there’s a growing number of them using these online coins to protect their cash from losing value because everything costs more. And since someone like Kiyosakia big name guy is saying “go for it” with Bitcoin, we’re likely gonna see even more people jump on the crypto train in the near future.
Celine Brooks is a renowned journalist and author specializing in cryptocurrency and blockchain technology. She holds a Master’s degree in Economics from Harvard University and is very passionate about Crypto. Celine regularly hosts webinars and workshops, sharing her insights and forecasts about the evolving digital currency landscape. She is also an active contributor to several leading financial and tech publications, where she breaks down complex crypto trends into understandable insights for everyday investors.