On Wednesday, Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” commended Bitcoin for its surge to $64,000, the highest level it has attained since November 2023. In a post on X, Kiyosaki expressed gratitude to Bitcoin, stating, “Thank you, Bitcoin, for fulfilling your purpose… challenging the supremacy of the counterfeit US dollar and restoring integrity to currency.”
Thank you BITCOiN for doing your job….kicking the fake US dollar’s butt and bringing integrity back to money.
— Robert Kiyosaki (@theRealKiyosaki) February 29, 2024
Bitcoin Surges 9.5% as Kiyosaki Highlights Market Strategy
On Wednesday, Bitcoin experienced a notable surge in value, climbing by 9.5%, marking its most significant single-day increase since late October. This upsurge coincides with a growing interest in Bitcoin Exchange Traded Funds (ETFs) on Wall Street, reflecting the increasing institutional acceptance and adoption of cryptocurrency investment products.
Robert Kiyosaki, a prominent Bitcoin advocate and the bestselling author of “Rich Dad Poor Dad,” has been vocal about his support for Bitcoin on numerous occasions. His endorsement adds to the credibility and visibility of Bitcoin within the investment community.
Addressing concerns about potential volatility in the Bitcoin market on February 23, Kiyosaki shared his strategy for navigating market fluctuations. In a post on X, he articulated his approach, stating, “I am often asked ‘What happens if Bitcoin crashes?’ My reply is the same for Bitcoin, gold, or silver. My reply is ‘I would be happy, and I would buy more, once the crashing stops.’ All market crashes are, are assets going on sale.” This perspective underscores Kiyosaki’s long-term bullish outlook on Bitcoin and his readiness to capitalize on market downturns as buying opportunities.
Robert Kiyosaki’s Bitcoin Price Target Rises to $150,000 Following SEC Approval of Bitcoin ETFs
In January, the ‘Rich Dad Poor Dad’ author expressed his optimism about Bitcoin’s future, suggesting that he foresaw the cryptocurrency reaching $100,000 by mid-2024. However, following the SEC’s approval of Bitcoin ETFs, Kiyosaki revised his outlook, upgrading his previous price target from $120,000 to $150,000. In a post, he exclaimed, “BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon.” This adjustment reflects his increased confidence in Bitcoin’s growth trajectory in light of the regulatory milestone.
Further solidifying his belief in the cryptocurrency’s potential, Kiyosaki disclosed that he had acquired an additional five Bitcoins early in 2024. This move underscores his continued bullish stance on Bitcoin and his commitment to increasing his exposure to the digital asset.
