Robert Kiyosaki, the renowned author of ‘Rich Dad, Poor Dad,’ has made headlines with his latest Bitcoin forecast. Kiyosaki, known for his financial acumen and investment strategies, has revised his Bitcoin price target from an already ambitious $120,000 to an even more bullish $150,000.
This upward adjustment is largely influenced by the anticipated introduction of spot BTC exchange-traded funds (ETFs) in the US. This development could significantly alter the market dynamics for the flagship digital currency.
Kiyosaki’s Diverse Investment Strategy
His bullish stance on BTC comes amid a broader discussion on the value and future of traditional fiat currencies. Kiyosaki criticizes fiat currency with a particular focus on the US dollar’s diminishing value in the face of rampant money printing by central banks.
With its decentralized nature and capped supply, the renowned author sees BTC as a beacon of hope and a safeguard against the devaluation of traditional currencies.
His advocacy for Bitcoin springs from a belief in its potential for humanity, offering a hedge against the inflationary tendencies of fiat currencies.
Kiyosaki’s investment strategy is not limited to BTC alone. The author is also keenly interested in precious metals, particularly gold and silver. He views gold as a resilient asset, likely to shine even brighter due to the actions of central banks across the globe.
However, Silver might witness temporary dips due to inflation-induced selling, according to the author. However, Kiyosaki discloses these dips as golden opportunities for investment.
BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon. Gold to the moon as Central Banks buy , store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes.…
— Robert Kiyosaki (@theRealKiyosaki) January 10, 2024
This diverse investment approach, incorporating both traditional and digital assets, reflects Kiyosaki’s broad wealth accumulation and preservation perspective.
His plan to continue investing in gold, silver, and Bitcoin, using what he describes as “fake dollars,” appears to be a strategic move to diversify his investment portfolio against economic uncertainties.
Bitcoin Market Speculation Amid False Spot ETF Approval
Kiyosaki’s latest Bitcoin prediction arrives at a pivotal moment for the crypto community. The crypto market is currently abuzz with the prospect of the first spot Bitcoin ETF approval in the US. However, the recent volatility in Bitcoin’s price, particularly in response to the false announcement of spot ETF approval, has raised questions about the potential impact of such an event.
For instance, a Bitcoin critic, Peter Schiff views the market’s reaction to the fake news as indicative of a possible ‘sell-the-news’ event, where the actual spot ETF approval might not trigger the long-awaited bullish run.
BREAKING: I KNEW IT WAS FAKE 10 MINUTES BEFORE GARY CONFIRMED IT; EVERYONE ELSE FELL FOR IT
FOLLOW @UDIWERTHEIMER AND TURN ON NOTIFICATIONS IF YOU KNOW WHAT’S GOOD FOR YOU pic.twitter.com/GGKziEhuHH
— Udi Wertheimer (@udiWertheimer) January 9, 2024
This skepticism is shared by a segment of the crypto community, with some pointing out the oddity of the US Securities and Exchange Commission (SEC)’s announcement being made on X rather than through official channels.
Featured image from Unsplash, Chart from TradingView
