By
Chimamanda U. Martha
April 26th, 2024
Kiyosaki suggested that the current market conditions present an opportunity to invest in Bitcoin, predicting that the coin could reach $100,000 by September.
Robert Kiyosaki, the renowned author of the personal finance classic “Rich Dad, Poor Dad”, has once again reaffirmed his optimistic stance on Bitcoin’s (BTC) long-term trajectory. In a recent tweet, Kiyosaki revealed his intention to acquire an additional 10 BTC before the upcoming halving event, expected to occur in April. His decision to increase his BTC holdings appears to be driven by his belief in the potential impact of this event on the asset’s scarcity and, consequently, its value.
In the tweet, Kiyosaki suggested that the current market conditions present an opportunity to invest in Bitcoin, predicting that the coin could reach $100,000 by September. His bullish forecast aligns with the sentiments expressed by other notable figures in the crypto space, who anticipate a substantial price surge following the halving.
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
Robert’s reason for investing in Bitcoin goes beyond the halving event. He always doubts fiat currencies and calls them “fake” money without real value. In the post he shared, Kiyosaki quoted Michael Saylor, also a supporter of the coin, who questioned the financial sense of people who save fiat currency. His response was simple but direct: “Poor”.
For those unable to afford an entire BTC, he suggested considering fractional ownership through the purchase of Satoshis or investing in Bitcoin exchange-traded funds (ETFs). His recommendation demonstrates his understanding of the accessibility barriers that may exist for some investors and his desire to make investing in digital assets an opportunity for all.
Historical Reference: Price Surge Post-Halving Events
Recently, on his X page, he made a prediction that one BTC would be equivalent to $300,000. This claim was supported by Seth, a popular financial analyst on X, who expressed his belief that the price could climb as high as $220,000.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024
— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
Based on these predictions, and taking into account the circumstances surrounding the most recent Bitcoin halving, there are grounds for optimism regarding a potential surge in price. During the last halving in 2020, the price of BTC skyrocketed from $3,900 at the time of the halving to $42,000 by the end of the year, representing an increase of 977.843%.
Currently, the price of BTC stands at $67,176. If we were to follow the same momentum as the last halving, using the same percentage increase, we could potentially see Bitcoin reaching a staggering $724,174.95 in value.
Moreover, according to data released by Coinbase, the price of Bitcoin increased by 348% six months after the halving period in 2020. If we were to also apply the same numbers to the upcoming halving, BTC might reach $300,844.48 before the end of 2024, aligning with Robert’s prediction. Although the coin dropped to $60,000 as of March 20, 2024, the strong buy from investors has caused its price to pump back up to $67,000. According to some analysts, if the coin manages to break the $69,000 resistance level, BTC could reach $75,000, creating a new all-time high.
