Key Points
- Robert Kiyosaki plans to buy 10 more Bitcoin ahead of the 2024 halving event.
- He predicts Bitcoin’s value could reach $100,000 by September 2024.
Robert Kiyosaki, known for his book “Rich Dad, Poor Dad”, has expressed optimism about the future of Bitcoin (BTC).
He recently announced his plan to purchase an additional 10 BTC before the upcoming halving event, anticipated in April 2024. Kiyosaki’s decision to increase his Bitcoin portfolio is driven by his belief in the event’s impact on the currency’s scarcity and value.
Market Predictions and Investment Opportunities
Kiyosaki believes the current market conditions are ripe for investing in Bitcoin, predicting that the value could reach $100,000 by September. This forecast aligns with the views of other prominent individuals in the cryptocurrency sphere, who also foresee a significant price increase following the halving.
Kiyosaki’s investment in Bitcoin is not solely based on the halving event. He has always been skeptical of fiat currencies, referring to them as “fake” money. In a recent post, he quoted Michael Saylor, another Bitcoin supporter, who questioned the financial wisdom of people who save fiat currency. His response was simple: “Poor”.
For those who cannot afford a whole Bitcoin, Kiyosaki suggests considering fractional ownership through the purchase of Satoshis or investing in Bitcoin exchange-traded funds (ETFs). This recommendation reveals his understanding of the potential barriers to entry for some investors and his wish to make digital asset investment accessible to all.
Historical Trends and Future Predictions
Kiyosaki has previously predicted that one Bitcoin could be worth $300,000. This assertion was supported by Seth, a well-known financial analyst, who also believes the price could rise to $220,000.
Based on these predictions and the circumstances surrounding the latest Bitcoin halving, there is reason for optimism about a potential price surge. The last halving in 2020 saw Bitcoin’s price jump from $3,900 at the time of the halving to $42,000 by the end of the year, a staggering increase of 977.843%.
As of now, the price of Bitcoin stands at $67,176. If the same momentum from the last halving is maintained, Bitcoin could potentially reach a value of $724,174.95.
Data from Coinbase shows that Bitcoin’s price increased by 348% six months after the 2020 halving. If this trend continues, Bitcoin could reach $300,844.48 before the end of 2024, aligning with Kiyosaki’s prediction. Despite a drop to $60,000 as of March 20, 2024, strong buying interest from investors has pushed the price back up to $67,000. Some analysts believe that if Bitcoin breaks the $69,000 resistance level, it could reach $75,000, setting a new all-time high.
