- Kiyosaki raised the Bitcoin target to $150K, influenced by anticipated ETFs and market dynamics.
- Discusses gold’s resilience and silver’s volatility amidst fiat currency critique.
- He emphasized the significance of the upcoming Bitcoin halving event, expected around April 2024.
Robert Kiyosaki, the acclaimed author of ‘Rich Dad, Poor Dad,’ has raised his Bitcoin forecast from $120,000 to $150,000. His expectation of a Bitcoin Exchange-Traded Fund (ETF) introduction fuels this optimistic revision.
Kiyosaki, known for his keen financial insights, expressed his satisfaction with his previous investments on X. His tweet, “BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon,” reflects his enthusiasm and confidence in Bitcoin’s future.
Kiyosaki’s strategy is not just confined to Bitcoin. He also shared his perspectives on precious metals and fiat currency. He predicts a bright future for gold, citing central bank activities while foreseeing a temporary dip in silver prices due to inflation-induced selling.
However, he views this as a buying opportunity for silver enthusiasts. His critique of fiat currency is sharp, as he plans to continue investing in gold, silver, and Bitcoin, using what he calls “fake dollars.”
Kiyosaki’s advocacy for Bitcoin stems from his belief in its value amidst the declining worth of the USD caused by extensive money printing. He views the Bitcoin ecosystem as a beneficial force for humanity.
With the crypto community eagerly awaiting the approval of the first spot Bitcoin ETF, Kiyosaki shifts his focus to the upcoming Bitcoin halving event, expected around April 2024. He emphasized the significance of this event on X, urging his followers to stay informed. Kiyosaki maintains that Bitcoin holders might fare better financially than those relying on traditional savings methods.
Earlier, the crypto community witnessed significant volatility in Bitcoin prices, spurred by fake news of the Bitcoin ETF approval. This was later attributed to a compromised SEC account on X, leading to misleading tweets. Amidst these tumultuous developments, Kiyosaki also cautioned over a potential crash in the silver market yet underscored it as a prime buying opportunity for silver investors.
Moreover, the crypto industry is rife with speculation over whether the compromised SEC tweet resulted from a cybersecurity breach or an accidental error. As the community awaits a definitive resolution on the Bitcoin ETF, these developments add a layer of complexity and anticipation to the ongoing narrative.
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