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“The dollar will die”: Robert Kiyosaki recommends Bitcoin and two other investments

“The dollar will die”: Robert Kiyosaki recommends Bitcoin and two other investments

The finance guru Robert Kiyosakiauthor of the book “Rich Dad, Poor Dad,” is an enthusiast of cryptocurrencies and recommends opting for these investments because, he considers, “the dollar will die”. But it is not the only option it promotes.

For this famous investor, “the dollar will die”, which is why he usually advises the purchase of bitcoin, gold and silver. What unites these three assets is that they are not issued by a central bank and have a limited supply, unlike regular money like the dollar. This makes its supply scarce, which leads to a price increase if demand prevails.

Kiyosaki maintains that Bitcoin is a solid refuge of value in the face of uncertainty in international markets. And he says that “the biggest mistake” an investor can make is to postpone investing in that cryptocurrency.

Kiyosaki’s projection expands the one he had given two weeks ago, when he stated that he expected the currency to reach $100,000 by June. Although Kiyosaki did not detail the reason why he expects these figures.

Bitcoin reaches record above $71,000 and demand frenzy intensifies

Bitcoin hit a new all-time high on Monday, topping $71,000, as the rise of the world’s largest cryptocurrency showed no signs of slowing.

Britain’s financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products, saying on Monday that it will now allow recognized investment exchanges to launch cryptocurrency-backed exchange-traded notes.

Bitcoin advanced 4.8% in European trading, to a record high of $71,677, bringing gains so far this year to 70%.

The world’s most valuable cryptocurrency has been boosted by a flood of money into new spot bitcoin exchange-traded funds, as well as hopes that the Federal Reserve will soon cut interest rates.

Capital flows into the 10 largest spot bitcoin exchange-traded funds in the United States slowed to a two-week low in the week to March 8, but still reached nearly $2 billion, according to LSEG data.

“Bitcoin has started the week with a rally, dragging the rest of the cryptocurrency space with it,” said Nick Cawley, strategist at DailyFX.

Ether gained 2.1%, reaching almost $4,000, close to its maximum in two years. Speculation that US regulators may approve spot ether ETF listings this year has driven the price up 75% so far in 2024.

Source: Ambito

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