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Cryptocurrency News Articles

Renowned Author Predicts Bitcoin's Skyrocket to $100,000

Mar 25, 2024 at 07:13 pm

Acclaimed author Robert Kiyosaki expresses immense confidence in Bitcoin, predicting a significant surge in value to $100,000 by September. Kiyosaki plans to acquire 10 more BTC before April due to the upcoming Bitcoin Halving event, urging investors to consider purchasing fractional BTC through ETFs or Satoshi's to accumulate holdings. Additionally, he strongly advises against investing in fiat currencies, which he deems "fake money" that could lead to financial hardship in uncertain times. Instead, Kiyosaki advocates for investments in silver coins, emphasizing their affordability and scarcity due to depleted supplies.

Renowned Author Predicts Bitcoin's Skyrocket to $100,000

Robert Kiyosaki Forecasts Bitcoin's Meteoric Rise to $100,000

Renowned author and ardent Bitcoin advocate Robert Kiyosaki has once again expressed his unwavering belief in the digital currency, declaring his intention to bolster his holdings amidst his bullish predictions for its future value.

Bitcoin at the Cusp of $100,000 Threshold

In a recent social media post, Kiyosaki reaffirmed his optimistic outlook on Bitcoin, stating that he plans to acquire 10 additional BTC before the end of April. This decision was driven by the upcoming Bitcoin Halving event, an anticipated catalyst for the crypto market's resurgence.

The Halving, a pre-programmed event occurring every four years, reduces the issuance of new BTC by half, thereby limiting supply and potentially driving up demand. Kiyosaki believes this event will be a significant inflection point for Bitcoin's growth.

Accumulation Strategy for Investors

Acknowledging that Bitcoin's current price may be a barrier to entry for some investors, Kiyosaki offered an accumulation strategy. He suggested purchasing fractions of a Bitcoin through exchange-traded funds (ETFs) or smaller units known as "Satoshis."

"If you cannot afford a whole Bitcoin, you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi's," Kiyosaki stated in his post.

By adopting this strategy, Kiyosaki believes investors could potentially acquire a full Bitcoin by the end of the year. Furthermore, he anticipates Bitcoin's value to reach $100,000 by September 2023.

Silver as a Valuable Hedge

For those who prefer an alternative to Bitcoin, Kiyosaki recommended investing in silver, particularly United States Silver Eagles. His colleague Andy Schectman emphasized the dwindling supply of silver and the growing recognition of its value as a safe haven asset.

Fiat Currencies: A Deteriorating Store of Value

Kiyosaki and his associates, including Andy Schectman and Michael Saylor, strongly discourage holding fiat currencies, which they consider a "fake" form of money. They argue that fiat currencies inevitably depreciate over time, leaving investors vulnerable to financial loss.

Conversely, they advocate for investing in real assets such as silver, gold, or Bitcoin. These assets, particularly silver, are more accessible and affordable for a broader range of investors.

Conclusion

Robert Kiyosaki's unwavering optimism in Bitcoin, coupled with his advice to hedge against fiat currency devaluation, underscores the growing recognition of alternative investments in an increasingly volatile economic landscape. As the Bitcoin Halving approaches, investors are eagerly anticipating the potential for significant gains in the cryptocurrency market.

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