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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Prominent author Robert Kiyosaki, famous for his “Rich Dad Poor Dad” book, recently took to social media to share his bullish stance on Bitcoin, signaling his intent to increase his holdings before April. Kiyosaki emphasized the significance of the upcoming Bitcoin halving event as a driving factor behind his decision.
He urged his followers to consider investing in cryptocurrency, even if they could not afford a whole coin, suggesting fractional purchases through Bitcoin ETFs or just accumulating Satoshi units.
Kiyosaki’s optimism is not unfounded; he foresees a potential surge in Bitcoin’s value, projecting it to reach an impressive $100,000 by September 2024. His outlook aligns with the sentiment of other notable figures like Michael Saylor, CEO of MicroStrategy, who advocates for Bitcoin as a hedge against inflation and depreciating fiat currencies.
The halving of the major cryptocurrency is expected to occur at block height 840,000, which is estimated to happen as early as April 18, 2024.
In addition to Bitcoin, Kiyosaki recommended diversifying portfolios with precious metals like silver and gold. He cited insights from industry expert Andy Schectman, who highlighted the dwindling supply of silver and the potential for scarcity to drive its value higher.
The rationale behind Kiyosaki’s investment advice stems from concerns over global economic instability. He pointed out the alarming financial landscape, with nations grappling with debt crises, property market collapses and the looming threat of conflict. In such turbulent times, Kiyosaki believes traditional fiat currencies may falter, emphasizing the importance of safeguarding wealth through alternative assets like Bitcoin, silver and gold.