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Robert Kiyosaki, author of "Rich Dad, Poor Dad," has advised investors to buy Bitcoin before April, citing the upcoming "halving" event that is expected to reduce the supply of new bitcoins. Kiyosaki believes that Bitcoin could rally to $100,000 by September 2024, and he also suggests investing in gold and silver as alternative asset options.
Is Bitcoin's Rally Over?
The Bitcoin rally has taken a breather after hitting a peak of $73,750.07 on March 14th. But it's showing signs of life again since the weekend. So, what's next for the crypto kingpin?
Robert Kiyosaki's Bullish Call
"Rich Dad, Poor Dad" author Robert Kiyosaki is urging investors to buy Bitcoin, citing the upcoming "halving" as his motivation. He's planning to add 10 more bitcoins to his portfolio before April.
What's the Halving All About?
The halving event, scheduled for April, will cut the reward for mining new bitcoins in half. This happens every four years and is designed to reduce the supply of new bitcoins entering the market.
Halving's Impact: Reduced Supply, Potential Price Increase
Traders are optimistic about the halving because it restricts supply. This could theoretically push the price of Bitcoin upwards.
Kiyosaki's Price Prediction: Bitcoin to $100,000?
Kiyosaki believes Bitcoin could rally to $100,000 by September 2024. He also agrees with Bitcoin bull and MicroStrategy CEO Michael Saylor, who says that those who insist on saving fiat currency will remain poor.
Alternative Investment Options
If you're not into Bitcoin, Kiyosaki suggests investing in precious metals like gold and silver. He recommends US silver eagles and quotes Andy Schectman, President of Miles Franklin Ltd., who warns of a dwindling supply of silver.
Kiyosaki's Final Thoughts
Kiyosaki urges investors to make informed decisions and consider acquiring at least one silver coin or a Satoshi (the smallest unit of Bitcoin). He points out that Bitcoin is around $70,000 per coin, gold is around $2,500 per coin, and silver is around $35.00 per coin.
Market Update
As of this writing, Bitcoin has risen 4.69% over the past 24 hours to $67,176.98. Gold futures have gained 0.33% to $2,167.15, while silver futures have dipped 0.21% to $24.79.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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