- Robert Kiyosaki believes Bitcoin (BTC) will cross the $100,000 boundary by September.
- The author of the best-selling finance book “Rich Dad, Poor Dad” reveals his plan to buy 10 BTC before April hits.
Robert Kiyosaki to Buy 10 BTC
According to the latest post of Robert Kiyosaki on X, now would be a great time to stack Bitcoin. For those who couldn’t afford a whole BTC, he recommends purchasing at least a tenth of it through an exchange-traded fund (ETF) or satoshis.
The “Rich Dad, Poor Dad” author forecasts the growth of BTC to $100K by September. So, he’s looking to top up his Bitcoin investment by 10 coins a few days from now.
The primary driver for his positive outlook is the upcoming halving around April 20, wherein the mining rewards in the Bitcoin blockchain will be reduced from the present 6.25 BTC per block to 3.125 BTC. The passing of the event is set to cut down the daily production of Bitcoin, too, from the current average of 900 BTC per day to 450 BTC post-halving.
With sustained or increase in the demand for the digital asset, supplemented by ETFs and the upcoming exchange-traded notes (ETNs) in the UK, other analysts project the largest crypto by market cap to overtake the all-time high of $73,750.07 it achieved on March 14 sooner or later.
Looming Economic Turbulence in the US
Kiyosaki has warned everyone of an impending economic crash for more than a decade. With the incessant money printing of the US Federal Reserve, rising global tensions, and ballooning debt of the US, all signs point out that we may be getting closer there. And it’s not just the Americans who should be worried, but also the Chinese as their property market is about to overheat while Germany is on its way to a depression.
The financial book author likewise advised hedging one’s wealth in gold and silver if Bitcoin is not their cup of tea. He reminds us that gold is approximately $2,500 per Troy ounce ($2,170.92 today) while silver is around $35 per Troy ounce ($24.66 today).
Robert Kiyosaki Quotes Michael Saylor
To further drive his point, Kiyosaki cited a quote from MicroStrategy’s Executive Chairman Michael Saylor, who once said, “What do you call people who insist on saving fiat currency… ‘fake’ money? Poor.”
At present, MicroStrategy owns 214,246 BTC with a total investment of $7.52 billion. With the current price of $70,000 per BTC, it has since grown its investment to $15 billion.
The company notably possesses 1% of BTC’s circulating supply, making it one of the biggest institutional whales in the Bitcoin ecosystem.