usethebitcoin.com
Key Takeaways
- Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad,” forecasts that Bitcoin will reach $100,000 by September 2024.
- Kiyosaki advises investors to consider adding Bitcoin to their portfolios, especially if they haven’t already done so, alongside traditional assets like gold and silver.
- Kiyosaki highlights economic uncertainties, including national debts, property market conditions, and geopolitical tensions, as reasons why “smart money” is turning to Bitcoin.
In a recent post on X, “Rich Dad, Poor Dad” author Robert Kiyosaki expressed his belief that now is a good opportunity to invest in Bitcoin (BTC). Kiyosaki also recommended buying at least a tenth of a Bitcoin for those who cannot afford a whole one.
Robert Kiyosaki Buys 10 BTC
Kiyosaki is predicting that Bitcoin will hit $100,000 by September. In anticipation, he plans to add ten more Bitcoins to his holdings in the coming days.
His positive outlook stems from the upcoming halving event, expected around April 20th. This is when the reward for mining a block on the Bitcoin blockchain will be cut in half, from 6.25 BTC to 3.125 BTC. This will also decrease the daily production of new Bitcoins, going from an average of 900 BTC per day to approximately 450 BTC post-halving.
Economic Conditions In The US
For over a decade, Kiyosaki has constantly reminded everyone about an economic crash in the US. With the US Federal Reserve’s continuous money printing, increasing global tensions, and the US’s mounting debt of $34T at the time of writing, indications strongly suggest that we could be nearing that point.
Additionally, Kiyosaki also suggested diversifying into gold and silver for those who are not interested in Bitcoin. He points out that gold is priced at roughly $2,500 per Troy ounce (equating to $2,170.92 today), while silver sits at approximately $35 per Troy ounce (or $24.66 today).
Kiyosaki Quotes Saylor
Kiyosaki extended his argument by quoting Michael Saylor, Executive Chairman of MicroStrategy. Saylor stated a few weeks ago that ‘people who hold onto fiat currency, ‘fake’ money, are destined to be poor.’ MicroStrategy owns 214,246 Bitcoins (BTC), acquired for $7.52 billion.