Robert Kiyosaki Urges Investors to Buy More Bitcoin As BTC Inches Closer to New Record High

The leading cryptocurrency by market capitalization is currently trading at $105,089, according to CoinGecko data.

Bestselling personal finance author Robert Kiyosaki is urging investors to buy more Bitcoin now as the leading cryptocurrency by market capitalization edges closer to hitting a new record high.

According to CoinGecko data, the price of BTC is currently hovering around $105,089, after surging by more than 10% over the past week.

The largest cryptocurrency is now just 2.8% away from reclaiming its current record high of $108,135, which was achieved roughly a month ago.

Earlier this week, Kiyosaki predicted that the price of Bitcoin could reach $250,000 this year.

Recently, the controversial entrepreneur also opined that it was actually easy to get rich with the help of Bitcoin by simply "hodling" the cryptocurrency.

Due to the Federal Reserve's hawkish pivot, which has spooked the bulls, Bitcoin has been unable to reach a new record high for more than a month now.

As reported by U.Today, the price of the leading cryptocurrency surged well above the $100,000 level a few days ago amid speculation about the U.S. government potentially opting to create a strategic Bitcoin reserve in the near future. Polymarket bettors see a 61% chance of this happening in 2025.

This week, Bitcoin exchange-traded products also managed to attract a total of $1.8 billion in inflows. Such impressive inflows indicate that there is still strong institutional demand for the leading cryptocurrency.

However, Bitcoin is substantially underperforming altcoins such as Solana (SOL) and XRP, which have surged by 24% and 44%, respectively, over the past week.