DCA-ing Bitcoin
Bitcoin has broken the $30,000 mark and is currently experiencing bullish sentiment in the cryptocurrency market. According to famous investor Robert Kiyosaki, the price of Bitcoin could increase by 350% in the near future. Kiyosaki, the author of the best-selling book ‘Rich Dad Poor Dad,’ shared his insights on Twitter, stating that he believes the next stop for Bitcoin is $135,000. He encouraged his followers to “wake up” and inform their friends about this potential investment opportunity.
Kiyosaki also praised dollar-cost averaging (DCA) as an ideal investment strategy for Bitcoin, gold, and silver. He mentioned that he has been accumulating these assets for years and emphasized that becoming rich as an average investor is possible through DCA. By investing approximately $100 in Bitcoin every month for the past five years using DCA, a $6,000 investment would now be worth $14,122.96, representing a 135.38% increase.
While it remains to be seen whether Bitcoin will reach Kiyosaki’s predicted price of $135,000, he remains confident in its significant growth potential. In a previous forecast from August, Kiyosaki even suggested that Bitcoin could reach $1 million if there was a crash in the world economy.
Hot Take: Bitcoin’s Potential Growth According to Robert Kiyosaki
Robert Kiyosaki predicts that Bitcoin could increase by 350%, reaching a price of $135,000 in the near future. He encourages investors to consider dollar-cost averaging as a strategy for accumulating Bitcoin, gold, and silver over time. While there are no guarantees in the volatile cryptocurrency market, Kiyosaki remains confident in the potential for significant gains with these assets.
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