“For people who use fiat as a store of value, we have a name for them: poor people.” Noting that fiat money is “fake money,” Kiyosaki noted in this regard.
The author of “Rich Dad, Poor Dad,” Robert Kiyosaki updated its prediction for the price of Bitcoin. Now he anticipates that the cryptocurrency will reach US$100,000 for September.
The famous author also announced his intention to acquire more bitcoins this week, citing the upcoming halving event as a possible catalyst for further gains. The renowned financial guru encouraged investors to consider adding Bitcoin to your wallets if they haven’t already.
The price of Bitcoin
Kiyosaki shared his updated Bitcoin price prediction in a lengthy post on social media platform X on Monday. “I’m buying 10 more Bitcoin before April. Why? The ‘Halving’. If you can’t afford a full Bitcoin, you might want to consider buying 1/10 of a coin, through the new ETFs or satoshis. I hope Bitcoin reaches $100,000 by September 2024,” he wrote on his networks.
The renowned author also mentioned that if investors feel uncomfortable buying Bitcoin or Bitcoin exchange-traded funds (ETFs), They should consider silver as an alternative investment. “If you are not into Bitcoin, I suggest buying silver coins, preferably American silver eagles“He emphasized: “My friend Andy Schectman claims that the once abundant supply of silver is almost depleted.” Schectman is the president and owner of bullion dealer Miles Franklin. While investing in a Bitcoin ETF is one way to obtain exposure to BTC price, ETF investors do not own actual Bitcoin.
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Robert Kiyosaki
Kiyosaki proceeded to explain that the “smart money” is flocking to BTC “because the ‘smart money’ knows that the United States is the largest debtor nation in the world; China’s housing market is ‘finished’; Japan has been in a depression since 1990; Germany is sliding into a depression, the common consumer and “The mainstream is living on credit cards; the banks are in trouble; and the world is on the brink of war.”
The acclaimed author also endorsed the view of MicroStrategy CEO Michael Saylor, who recently said: “For people who use fiat as a store of value, we have a name for them: poor people.” Noting that fiat money is “fake money,” Kiyosaki noted in this regard.
He added that, “Michael Saylor, Andy Schectman and I don’t want you to be poor. Please start acquiring gold, silver, Bitcoin, if you haven’t started already.”
Kiyosaki has become increasingly vocal about his support for BTC. Last week, he urged investors to buy as much Bitcoin as they can afford, praising its limited supply and ranking the cryptocurrency alongside gold. and silver as “real assets.” Earlier this month, he predicted that BTC would reach $300,000 this year. Last month, he said Bitcoin would reach $100,000 by June, but he has now revised this prediction for September.
Source: Ambito
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