Renowned Finance Author Robert Kiyosaki Predicts Bitcoin Price Surge to $150,000
Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” has shared his thoughts on the future trajectory of the Bitcoin price. According to Kiyosaki, Bitcoin could rise to $150,000 in the near future. He hinted that the catalyst for this significant price surge will be the approval of Spot Bitcoin ETFs. While he didn’t specify when this will happen, he believes it will be soon. Kiyosaki is not alone in this prediction, as many others also believe that these funds’ approval will have a massive impact on Bitcoin.
Kiyosaki’s Excitement and Investment Strategy
Kiyosaki expressed his excitement about getting in early on Bitcoin and expects its value to continue rising. He plans to keep buying more BTC for his portfolio. Additionally, he advocates for investing in Gold and Silver as a hedge against inflation, criticizing saving in fiat US dollars as a losing strategy.
A Long History of Support for Bitcoin
Kiyosaki has been vocal about his support for Bitcoin in the past. He urged everyone to invest in the cryptocurrency to protect themselves from potential government actions that could lead to impoverishment. He also referred to Bitcoin as the “best protection” against hyperinflation.
Bearish Narrative and Current Price
An analyst named Martinez has offered a bearish narrative for Bitcoin’s price, suggesting a possible major correction. Martinez points out that the TD Sequential indicator is flashing a sell signal on Bitcoin’s weekly chart, forecasting a correction lasting one to four weeks before the uptrend resumes. At present, Bitcoin is trading around $46,000 according to CoinMarketCap data.
Hot Take: Bitcoin’s Future Trajectory
Robert Kiyosaki, the renowned finance author, predicts that Bitcoin could reach $150,000 in the near future. He believes that the approval of Spot Bitcoin ETFs will be the catalyst for this significant price surge. Kiyosaki’s excitement about Bitcoin’s potential and his strategy of continually buying more BTC reflect his confidence in its value. He also advocates for investing in Gold and Silver as a hedge against inflation. While some analysts offer a bearish narrative and suggest a possible correction, the current price of Bitcoin remains around $46,000. Overall, Kiyosaki’s optimistic outlook aligns with the growing belief that Bitcoin has substantial room for growth.
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