Renowned author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, encouraged his followers on Monday to invest in Bitcoin (BTC) in anticipation of the upcoming April halving event.
Taking to Twitter, Kiyosaki pledged to acquire an additional 10 BTC before the onset of April, emphasizing his belief in the significance of the event, which will halve the rate of new BTC production.
Robert Kiyosaki Urges Obtaining Bitcoin While It’s Available
“If purchasing an entire Bitcoin isn’t feasible for you, you might consider acquiring 1/10 of a coin through the new ETFs or Satoshi’s,” Kiyosaki advised. “If the Bitcoin system functions as intended, you could potentially own a whole Bitcoin by the year’s end.”
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I…
— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024
On Monday, Bitcoin experienced a notable surge, climbing by more than 3.5% to reach $69,700. This uptick marked a continuation of the positive momentum initiated during the weekend, where Bitcoin rebounded from levels below $64,000. However, this resurgence followed a significant downturn experienced by the cryptocurrency over the preceding two weeks. Notably, Bitcoin spot ETFs, which had demonstrated remarkable success since their launch in January, encountered an unexpected setback with substantial outflows exceeding $800 million recorded last week.
In light of these developments, Robert Kiyosaki expressed his anticipation of Bitcoin’s price reaching $100,000 by September. However, he emphasized that this projected increase isn’t solely attributed to the performance of ETFs. Rather, Kiyosaki pointed to the weakening state of the US dollar as a contributing factor. In line with this perspective, he offered recommendations for alternative investments, advising individuals not inclined towards Bitcoin to consider acquiring silver coins and gold.
Kiyosaki articulated his rationale, noting that informed investors are cognizant of the United States’ status as the largest debtor nation globally. He cited concerning indicators such as high levels of consumer and small business debt, challenges faced by domestic banks, and geopolitical tensions suggestive of a world teetering on the edge of conflict. These insights underscored Kiyosaki’s broader perspective on the economic landscape, guiding his investment recommendations and highlighting the perceived vulnerabilities within the traditional financial system.
Avoid Holding Cash
Bitcoin is frequently likened to precious metals by its advocates, who see its finite supply of 21 million coins as a safeguard against the depreciation of the US dollar. The increasing circulation of the dollar gradually diminishes its value compared to scarcer assets over time.
Echoing sentiments expressed by MicroStrategy’s executive chairman, Michael Saylor, Robert Kiyosaki recently emphasized the inadequacy of saving in cash or fiat currency, suggesting that such practices label individuals as “poor.”
Kiyosaki’s advice resonates with Saylor’s advocacy for alternative assets such as gold, silver, and Bitcoin. He urges individuals to embark on acquiring these assets if they haven’t already, cautioning against relying on what he terms as “fake money.”
Data from blockchain sources indicates the presence of over 4.5 million Bitcoin addresses holding more than 0.1 BTC, aligning with Kiyosaki’s recommendation. However, it’s important to note that one investor may distribute their holdings across multiple Bitcoin addresses, and conversely, one address could represent the holdings of numerous investors, such as those aggregated under exchanges like Binance.
