Invest in Bitcoin Before Halving, Says 'Rich Dad, Poor Dad' Author

Robert Kiyosaki, author of "Rich Dad, Poor Dad," urges investors to buy Bitcoin before April, anticipating price hikes due to the upcoming halving event. He predicts Bitcoin's rise to $100,000 by September 2024 and encourages investment in smaller fractions for affordability. Despite his skepticism, Kiyosaki still advocates for gold and silver, highlighting the scarcity of silver as a valuable alternative.

Should I Buy Bitcoin Before the Halving?

"Rich Dad, Poor Dad" author Robert Kiyosaki is urging investors to snap up Bitcoin before April. He believes that the upcoming halving, which will cut the reward for creating new bitcoins in half, will constrain supply and drive prices higher. Kiyosaki predicts Bitcoin could hit $100,000 by September 2024.

Why Buy Bitcoin?

Kiyosaki's rationale for investing in Bitcoin is based on the principle of "having." He believes that if investors can't afford a whole Bitcoin, they should consider buying a fraction of a coin through new ETFs or Satoshis. He argues that if Bitcoin performs as expected, investors could potentially own a whole Bitcoin by year-end.

Is Bitcoin a Safe Investment?

Despite his bullish stance on Bitcoin, Kiyosaki still advocates for gold and silver as safe havens for those who remain skeptical of cryptocurrencies. He cites Andy Schectman of Miles Franklin Precious Metals Investments, who believes that the available supply of silver is dwindling.

What's the Price Target?

Kiyosaki's price target for Bitcoin is $100,000 by June 2024. At the time of writing, Bitcoin was trading at $66,872, up 2.49% on the day and 31.27% over the past month.

Is Bitcoin Right for Me?

Kiyosaki's advice to consider buying Bitcoin in fractions makes it accessible to a wider range of investors. However, it's important to note that cryptocurrencies are highly volatile, and investors should carefully consider their risk tolerance before investing.