Robert Kiyosaki Adjusts Bitcoin Forecast to $150,000
Famous author Robert Kiyosaki, known for his book ‘Rich Dad Poor Dad,’ has revised his Bitcoin (BTC) price target from $120,000 to $150,000. He made this adjustment because he believes there is a potential introduction of a Bitcoin Exchange-Traded Fund (ETF) in the near future. Kiyosaki expressed his satisfaction with his past investment decisions and tweeted, “BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon.”
Kiyosaki’s Views on Precious Metals and Fiat Currency
Kiyosaki also shared his insights on precious metals and fiat currency. He mentioned that gold prices will rise as central banks continue to buy and store it, while silver prices might crash due to silver stackers selling to pay bills caused by rising inflation. He sees this as an opportunity for silver stackers to buy more silver. Additionally, Kiyosaki criticized fiat currency and stated that he will be using fake dollars to buy more gold, silver, and Bitcoin.
Kiyosaki’s Focus on BTC Halving
Instead of waiting for the approval of a Bitcoin ETF, Kiyosaki is focusing on the upcoming Bitcoin halving event scheduled for April 2024. He believes this event is crucial and advises people to pay attention to it. Kiyosaki has consistently advocated for Bitcoin as a better financial option compared to traditional savings.
Hot Take: Fake News Causes Volatility in Bitcoin Price
The Bitcoin price experienced significant volatility due to fake news regarding the approval of a Bitcoin ETF. It was later revealed that the SEC account on X had been compromised, leading to the dissemination of fake tweets. This incident highlights the impact of misinformation and the need for caution when interpreting news related to cryptocurrencies.
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