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Cryptocurrency News Articles
Robert Kiyosaki Ups Bitcoin Holdings, Predicts $100K Price by September 2024
Mar 25, 2024 at 08:23 pm
Robert Kiyosaki plans to acquire 10 more Bitcoin before April's halving event, anticipating a rise in its price to $100,000 by September 2024. Kiyosaki recommends investing in fractional Bitcoin through ETFs or Satoshis for those unable to purchase a whole coin. He also suggests investing in silver coins, particularly American silver eagles, due to the shortage in silver supply.
Robert Kiyosaki Ramps Up Bitcoin Holdings, Predicts $100,000 Price Target
Robert Kiyosaki, the financial guru behind the legendary "Rich Dad, Poor Dad" series, has announced his intention to acquire an additional 10 Bitcoin before April, citing the upcoming halving event and his unwavering belief in the cryptocurrency's meteoric rise.
With Bitcoin's bullish trajectory showing no signs of abating, Kiyosaki foresees a surge in value, predicting that it will reach a staggering $100,000 by September 2024. This bold projection is based on his deep understanding of the cryptocurrency's intrinsic value and the market dynamics that are propelling its growth.
"I am buying 10 more Bitcoin before April," Kiyosaki proclaimed via Twitter. "The 'Having.' If you can't afford a whole Bitcoin, you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi's."
For those who may find the acquisition of a full Bitcoin daunting, Kiyosaki suggests exploring the purchase of fractional units through new exchange-traded funds (ETFs) or Satoshis, the smallest divisible units of Bitcoin. By employing this strategy, investors can potentially accumulate a whole Bitcoin over time, as long as the market behaves as anticipated.
Beyond Bitcoin, Kiyosaki advocates for the diversification of assets into tangible investments such as silver coins, especially American silver eagles. His rationale stems from the growing scarcity of silver supply, as evidenced by the inability of his associate, Andy Schectman, to procure $1 million worth of pre-1964 silver coins.
Kiyosaki's asset diversification strategy is rooted in his profound concerns about the global economic landscape. He points to the United States' staggering national debt, the instability of China's real estate market, the prolonged economic malaise in Japan, and the mounting economic challenges facing Germany.
Furthermore, he highlights the alarming reliance of consumers on credit cards and the escalating geopolitical tensions that threaten to erupt into conflicts. In this uncertain environment, Kiyosaki urges individuals to shun the path of "saving in fiat currency," as it relegates them to the realm of the "poor," as Michael Saylor aptly put it.
Instead, Kiyosaki, Saylor, and Schectman advocate for the acquisition of hard assets like gold, silver, and Bitcoin, which serve as hedges against inflation and the devaluation of fiat currencies. Among these options, Kiyosaki emphasizes that silver remains the most accessible for the average investor, with its current price of around $35 per coin, compared to Bitcoin's $70,000 and gold's $2,500.
In the face of volatile financial markets and geopolitical unrest, Kiyosaki implores individuals to exercise prudence and embrace the wisdom of asset diversification. By heeding his advice, investors can mitigate risk, preserve their wealth, and position themselves for financial success in the years to come.
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