x
By Newton Gitonga - February 19, 2024
Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” has forecasted that the price of Bitcoin could reach $100,000 by June 2024.
In a tweet on Monday, Kiyosaki stated, “BITCOIN to $100k by June 2024.” This is not the first time Kiyosaki has expressed his support for Bitcoin.
Kiyosaki has long been an advocate for investing in assets that can serve as a hedge against inflation, such as gold, silver, and Bitcoin. In a recent tweet, he explained that he sees these assets as “parachutes for your personal soft landing” in the event of a global economic crash.
Kiyosaki also discussed the importance of understanding the nature of money and the problems with central banking. He criticized the government’s ability to print money, stating that it is a form of theft that transfers wealth from savers to the government and the wealthy.
“BAIL OUT, BAIL OUT, BAIL OUT: In US Navy Flight School, student pilots learn how to fly and how to crash their plane. Financial losers will lose money because they do not know what to do with their money as banks fail and world economy crashes. For many years, I have warned, ‘Buy Gold, Silver, Bitcoin.” He wrote.
In an interview last week, he discussed the upcoming Bitcoin halving event and its potential impact on the price of the cryptocurrency. The Bitcoin halving, which is scheduled to take place in April 2024, is a pre-programmed event in which the reward for mining new blocks on the Bitcoin network is cut in half. This happens every four years and is intended to help maintain the scarcity of Bitcoin, as the total supply is limited to 21 million coins.
In the interview, he expressed his belief that the price of Bitcoin could reach six figures in the coming years. of a Bitcoin, making it accessible to investors with any amount of capital.
Kiyosaki also expressed his support for the decentralized nature of Bitcoin, stating that it is a fair and equitable economic system that is not subject to the same manipulation and corruption as traditional fiat currencies.
Meanwhile, Bitcoin continued its strong performance on Monday, following two consecutive weeks of bullish action. At press time, the cryptocurrency was trading at $52,084 after a surge of 0.65% in the past 24 hours. In addition, Bitcoin’s trading volume saw a slight increase, rising by 5.51% to $21.7 billion in the same duration.
DISCLAIMER
The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
The original article written by Newton Gitonga and posted on ZyCrypto.com.
Article reposted on Markethive by Jeffrey Sloe
** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **
