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Prominent author Robert Kiyosaki, famous for his "Rich Dad Poor Dad" book, recently took to social media to share his bullish stance on Bitcoin, signaling his intent to increase his holdings before April. Kiyosaki emphasized the significance of the upcoming Bitcoin halving event as a driving factor behind his decision.
He urged his followers to consider investing in cryptocurrency, even if they could not afford a whole coin, suggesting fractional purchases through Bitcoin ETFs or just accumulating Satoshi units.
Alex DovbnyaKiyosaki's optimism is not unfounded; he foresees a potential surge in Bitcoin's value, projecting it to reach an impressive $100,000 by September 2024. His outlook aligns with the sentiment of other notable figures like Michael Saylor, CEO of MicroStrategy, who advocates for Bitcoin as a hedge against inflation and depreciating fiat currencies.
The halving of the major cryptocurrency is expected to occur at block height 840,000, which is estimated to happen as early as April 18, 2024.
More than Bitcoin
In addition to Bitcoin, Kiyosaki recommended diversifying portfolios with precious metals like silver and gold. He cited insights from industry expert Andy Schectman, who highlighted the dwindling supply of silver and the potential for scarcity to drive its value higher.
Tomiwabold OlajideThe rationale behind Kiyosaki's investment advice stems from concerns over global economic instability. He pointed out the alarming financial landscape, with nations grappling with debt crises, property market collapses and the looming threat of conflict. In such turbulent times, Kiyosaki believes traditional fiat currencies may falter, emphasizing the importance of safeguarding wealth through alternative assets like Bitcoin, silver and gold.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov