Rich Dad Poor Dad author Robert Kiyosaki has sold off millions of dollars in Bitcoin that have contributed to the current sell-offs in the market. However, he says he would still be accumulating more Bitcoin over time. Robert Kiyosaki Explains Why He Sold Millions in BTC The author announced that he sold about $2.25 million
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Robert Kiyosaki urged users to buy more Bitcoin (BTC) and gold amid recent market upticks. The investor and finance advocate has supported the Bitcoin market with projections of more highs. The asset’s price ticked upwards in the last 24 hours with users anticipating sustained uptrend.
Robert Kiyosaki Goes Bullish on Bitcoin
The popular author projected growth for the crypto market leader pointing to recent institutional inflows. In a recent post on X (formerly Twitter), Kiyosaki compared the chain of market events to a bad hand urging users not to be among the losers.
“BAD HAND Coming: In my previous tweet I stated success comes to those who know how to thrive when dealt a bad hand. The bad hand is being delt now. Millions will lose. Please don’t be one of the losers.”
He further urged users to buy Bitcoin, gold, and silver to turn the bad hand into a good one. Precious metals have been used as a store of values for years with arguments against Bitcoin. Bitcoin bulls opine that the asset has the store-of-value functionality of gold in addition to other benefits. A notable point cited by bulls is the price surge of the asset in the last decade reaching an all-time high above $73,000.
Institutional Flows To Rally Markets
The market activities of traditional investors have boosted the prices of digital assets this year. This is due to the launch of Bitcoin ETFs and subsequent interest in other products. In January, the Securities and Exchange Commission (SEC) approved Bitcoin ETFs leading to huge inflows in the market.
The asset eventually tapped a new all-time high amid eyes on Ethereum and Solana ETFs. Last week, the asset plummeted to lows on the German Bitcoin sale. However mid-week trading has seen a flip in market sentiment with cryptocurrencies picking up gains.
Also Read: Kraken Is Now Official Sponsor of Athletico Madrid
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Over the last weekend, the world’s largest cryptocurrency Bitcoin (BTC) witnessed some momentum building up moving up 5% going all the way to $67,500. As we approach the Bitcoin halving in three weeks from now, investors have started building up positions.
Robert Kiyosaki Plans to Increase Bitcoin Holdings
Renowned investor and author Robert Kiyosaki has announced his intention to purchase an additional 10 Bitcoin before April, citing the upcoming halving event as his primary motivation. Kiyosaki emphasized the significance of the “Halving,” indicating his bullish outlook on Bitcoin’s future prospects.
Kiyosaki advised individuals who cannot afford to purchase a whole Bitcoin to consider buying fractions of the cryptocurrency, such as 1/10 of a coin, through newly available Exchange-Traded Funds (ETFs) or Satoshi’s. This suggestion aligns with his belief that owning Bitcoin, even in smaller increments, could yield significant returns over time.
Reflecting on the potential impact of Bitcoin’s design, Kiyosaki expressed optimism that investors might accumulate a whole Bitcoin by the end of the year if the cryptocurrency’s process operates as intended.
In addition to his immediate plans to increase his Bitcoin holdings, Kiyosaki shared his long-term price prediction for Bitcoin, foreseeing its value reaching $100,000 by September 2024. Kiyosaki has also advised his followers to increase their exposure to gold and silver, in addition to Bitcoin.
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I…
— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024
BTC Nears Super Cycle Entry
In recent weeks, Bitcoin has surged past its all-time high (ATH) and is currently consolidating near this peak, signaling a crucial phase in its price trajectory. Analysts emphasize the importance of this period, highlighting the need for patience as Bitcoin builds support in the ATH region before potentially entering a super cycle.
Notably, experts predict that Bitcoin will remain in the vicinity of the ATH for several weeks, laying the groundwork for sustained growth and the onset of a super cycle. This forecast aligns with observations of previous ATH breakouts, which typically involve weeks of sideways movement and consolidation before the next significant price surge. As the sentiment around Bitcoin builds up once again, the Bitcoin mining difficulty has also touched its all-time high.
#Bitcoin – What’s Next?
The big Sunday report, all you need to know:
TA/LCA/Psychological Analysis: In last week’s Sunday report, we discussed an anticipated sideways movement in the larger timeframe. As observed, Bitcoin is perfectly moving in this sideways region as… pic.twitter.com/BhE5Weycxv
— Doctor Profit
(@DrProfitCrypto) March 24, 2024
Analysts point to key resistance levels, with confirmation anticipated at the $72,500 mark before Bitcoin’s ascent to new highs above $70,000. Despite the need for patience, market sentiment remains overwhelmingly bullish, fueled by the cryptocurrency’s resilience and ongoing institutional interest.
However, investors must remain vigilant, as recent market activity has seen selling pressure from institutions like Grayscale.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Book Of Meme Outperforms ‘Dogecoin Killer’ Shiba Inu, ‘Rich Dad Poor Dad’ Author Says Buy Bitcoin, Gold Amid … Investing.com UK
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Robert Kiyosaki, author of famous book “Rich Dad Poor Dad“, has consistently held his belief that Bitcoin is the solution for the worsening financial situation and banking crisis in the United States. He recommends everyone to buy Bitcoin, gold, and silver.
Robert Kiyosaki Predicts Bitcoin Price to $300K in 2024
“Rich Dad Poor Dad” author Robert Kiyosaki has a new target for Bitcoin price as the crypto asset hits an all-time high of $69,200 this week. Wall Street and crypto experts such as Standard Chartered, Fundstrat’s Tom Lee, and Michael van de Poppe have predicted that BTC price can at least hit $100K in 2024.
Before Bitcoin even hit $69.2K ATH, Robert Kiyosaki predicted Bitcoin price to hit $100K in June this year, maintaining his bullish outlook on Bitcoin amid massive buying by spot Bitcoin ETFs.
In a new post on X, he said Bitcoin’s next stop is $300K in 2024. He claims procrastinating is the biggest mistake people are making. It is “important to start, even if only for $500,” he adds.
Also this week, William Quigley, co-founder of Tether, predicted BTC price to hit $300K in a commentary on CNBC’s ‘Squawk on the Street’. Quigley explained the fundamental analysis of money flows into Bitcoin amid rising institutional and retail investment within the crypto market.
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BTC Price Consolidates for Further Rally
Popular analyst Michael van de Poppe thinks “We’re close to the end of the pre-halving rally for Bitcoin.” He predicts macroeconomic data to impact the ongoing rally this month, but BTC price will hit $70K amid liquidity concerns.
Meanwhile, CME Bitcoin open interest has hit a record high of $9.6 billion, as per CoinGlass. The total BTC futures open interest is at $30.88 billion on March 7.
BTC price trading range-bound in the past 24 hours, with the price currently trading above $66K. The 24-hour low and high are $64,855 and $67,637, respectively. Furthermore, the trading volume has decreased by 40% in the last 24 hours, indicating a decline in interest among traders.
Also Read: Binance Announces Zero Fee Trading for BTC, ETH, BNB in JPY Pairs
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Entrepreneur and author Robert Kiyosaki, best known for his groundbreaking book “Rich Dad Poor Dad,” recently offered his insights on the potential for Bitcoin crashes. In a candid statement shared with his audience, Kiyosaki emphasized his unique approach to navigating market volatility. Contrary to conventional wisdom, Kiyosaki sees market downturns, particularly in the realm of cryptocurrencies like Bitcoin, as ripe opportunities rather than daunting setbacks.
Central to Kiyosaki’s strategy is his readiness to seize the moment when prices plummet. He boldly declared his intention to bolster his Bitcoin portfolio during such downturns, leveraging the lower prices to accumulate more of the digital asset. This forward-thinking stance not only reflects Kiyosaki’s confidence in the long-term viability of Bitcoin but also underscores his belief in the power of strategic investing.
Kiyosaki’s philosophy on market crashes resonates deeply with the core principles outlined in his seminal work, “Rich Dad Poor Dad.” Within the pages of this influential book, Kiyosaki explores the mindset and strategies of the wealthy, advocating for a proactive and opportunistic approach to financial management. By embracing volatility and seeing beyond short-term fluctuations, Kiyosaki encourages readers to adopt a mindset of abundance and resourcefulness.
Kiyosaki Challenges Federal Reserve: Critique and Concerns
Robert Kiyosaki, renowned entrepreneur and author of “Rich Dad Poor Dad,” has once again taken to social media to voice his criticisms, this time directing his scrutiny towards the US Federal Reserve System. Through a series of candid tweets, Kiyosaki spared no punches in alleging the Fed’s complicity in exacerbating economic inequality. In his critique, Kiyosaki minced no words in expressing his profound distrust in the policies enacted by the Federal Reserve.
He bluntly accused the institution of perpetuating a system that disproportionately benefits the wealthy elite while neglecting the economic interests of the low and middle classes. Such stark accusations lay bare Kiyosaki’s deep-seated concerns regarding the widening gap between the haves and have-nots, a trend he attributes, in part, to the Fed’s policies.
Also Read: Bitcoin (BTC) Price Flirts Near $51K Amid $233 Mln Bitcoin ETF Inflow
Kiyosaki’s Market Crash Predictions: Bitcoin as a Resilient Hedge
Since the onset of 2020, Robert Kiyosaki has been a vocal proponent of his forecast for an impending major market crash, despite facing a barrage of criticism and trolling from detractors. Undeterred by the skepticism, Kiyosaki has remained steadfast in his convictions, steadfastly warning of the looming economic downturn. What sets Kiyosaki’s predictions apart is not just their boldness but also the support they’ve garnered from prominent figures within the cryptocurrency community.
Central to Kiyosaki’s outlook is his advocacy for Bitcoin as a resilient hedge against market volatility. As traditional financial markets teeter on the brink of uncertainty, Kiyosaki sees Bitcoin not only as a store of value but also as a strategic asset capable of weathering the storm of economic turbulence. This endorsement of Bitcoin as a safe haven underscores the increasing allure of cryptocurrencies as a viable investment strategy in an ever-evolving financial landscape.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Wall Street investors are having a gala ride with the S&P 500 already up by 4.5% since the beginning of 2024 and 20% over the last year. Tech giants like Meta have announced robust results for 2023 driving the market higher on Friday, February 2. However, market veterans like Robert Kiyosaki flash a warning sign while predicting a doomsday for the stock and the bond market, but backing Bitcoin.
Robert Kiyosaki: Bitcoin Offers Wealth Protection
Rich Dad author Robert Kiyosaki offers a cautionary perspective on the current surge in the stock market, challenging perceptions of a robust economy. He said that the robust results from the “Magnificent 7” firms could be an illusion as they are backed by U.S. government funding. Kiyosaki urges investors to exercise vigilance, signaling a potential downturn in both the stock and bond markets.
Highlighting his preference for Bitcoin, Kiyosaki positions the cryptocurrency as a safeguard against wealth erosion resulting from monetary practices. He points to figures such as Federal Reserve Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers, alleging that they contribute to wealth theft through inflation, taxation, and stock price manipulation.
Emphasizing the protective attributes of Bitcoin, Kiyosaki underscores his choice to save and invest in the cryptocurrency, steering clear of traditional assets like stocks, bonds, and fiat currency.
BTC And Traditional Equity Markets
Last year in 2023, Bitcoin (BTC) and the broader cryptocurrency markets managed to break free from the traditional equity market, outperforming the latter by a huge margin. However, the equity market has been filling the gaps with a strong rally in the S&P 500 in January, and the Bitcoin price staying stable.
By design, Bitcoin seeks to be the hedge to the traditional equity market while taking the role of digital gold. with the launch of Bitcoin ETF, the asset class maturity has improved amid strong strong institutional inflows.
There’s a high chance that with the Bitcoin ETFs live in the market, institutions can move their funds here, along with Gold, as a hedge against any equity market crash. This will be the real test of Bitcoin showing its characteristic of being a hedge to the traditional market.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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