Rich Dad, Poor Dad Author Robert Kiyosaki believes that bitcoin is “on fire” and that it will reach $300,000 this year. This week, the demand for spot bitcoin exchange-traded funds (ETFs) skyrocketed, sending the price of bitcoin to all-time highs.
Robert Kiyosaki: Bitcoin Could Reach $300,000
Robert Kiyosaki, the author of Rich Dad Poor Dad, is back with another optimistic forecast for the price of bitcoin. Kiyosaki and Sharon Lechter coauthored the book Rich Dad Poor Dad in 1997. For more than six years, it has been included in the New York Times Best Seller List. The book has been sold in more than 109 countries and in more than 51 languages for over 32 million copies.
The well-known novelist referred to bitcoin as “on fire” on social media platform X on Wednesday. He urged investors to start purchasing Bitcoin, even if it’s just for $500, stressing that waiting is the biggest mistake they can make. According to Kiyosaki, bitcoin is expected to hit $300,000 per coin this year.
The enormous demand for spot bitcoin exchange-traded funds (ETFs) drove the price of bitcoin to an all-time high this past week. The well-known author expanded his Bitcoin holdings after the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs).
According to Kiyosaki’s prediction last month, bitcoin will hit $100,000 by June. He made it clear that a decline in the price of bitcoin wouldn’t stop him since he would see it as a chance to acquire. A lot of people anticipate that following the April halving, the price of bitcoin will rise significantly. For example, Bitwise’s CIO believes that BTC will reach $200K this year.
The well-known author has continuously argued in favor of bitcoin as a hedge against the Federal Reserve, national policies, and Wall Street financiers’ destruction of wealth. He issued a warning to investors in January over the growing national debt of the United States and recommended buying bitcoin as a potential hedge. Drawing comparisons to the fall of the Roman Empire, Kiyosaki predicts a global economic downturn and the possible fall of the American empire.
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