Renowned financial educator and author of the popular book “Rich Dad Poor Dad,” Robert Kiyosaki, recently shared his plans to purchase 10 Bitcoin (BTC) by April. Kiyosaki, who has been vocal about his support for Bitcoin as an investment option, particularly for those seeking to diversify away from the US Dollar, cited Bitcoin’s upcoming halving event as the main reason behind his decision.
The halving event, which is scheduled for April 20, reduces the number of new Bitcoins issued in each block reward, making the cryptocurrency relatively scarcer. Currently, miners earn approximately 6.25 BTC per newly mined block, but this will be reduced to 3.125 BTC after the halving. In light of this development, Kiyosaki advises investors to aim for at least one-tenth of a Bitcoin if they are unable to afford a whole coin. This can be achieved through the purchase of smaller units of Bitcoin known as “Satoshis” or through recently launched Bitcoin ETFs.
Bitcoin ETFs have gained significant traction since their inception, attracting a record-breaking $1 billion in inflows in a single day. While the flow of investments into these ETFs has decreased in the past week, market sentiment suggests that a recovery is imminent.
In addition to his Bitcoin investment recommendations, Kiyosaki predicts that the price of Bitcoin will reach $100,000 by September. He had previously forecasted that the asset would surpass $500,000 by 2025, and his recent post serves as a reaffirmation of his bullish stance. Kiyosaki attributes his optimism to factors such as the growing US debt, consumer spending habits, and the potential threat of a global war, all of which he believes will drive the prices of Bitcoin, Gold, and Silver to new heights in the coming years.
It is important to note that the views expressed in this article are solely the author’s personal opinions and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic assumes no responsibility for any financial losses.
