Bitcoin has become the most popular cryptocurrency attracting investors’ attention in recent years. Despite price fluctuations, faith and investment in Bitcoin is increasing day by day. Because cryptocurrency broke a new record the other day. One of the reasons behind this growing interest is the support for Bitcoin from well-known people such as Robert Kiyosaki, author of the book “Rich Dad, Poor Dad”. Kiyosaki predicted that Bitcoin could reach $300,000 by 2024. Thus, Bitcoin mobilized investors with its prediction.
Bitcoin prediction came from a famous name
Famous author Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad”, reiterated his bullish expectations for Bitcoin in a recent social media post. Kiyosaki, a vocal advocate of alternative assets, has called against delaying investments in cryptocurrency, suggesting that even a small initial investment of $500 could be valuable. He went one step further and predicted a dramatic price increase for Bitcoin, predicting that the price would reach $300,000 per unit by the end of 2024.
This renewed optimism comes amid a period of volatility for Bitcoin. The leading cryptocurrency recently reached an all-time high of $69,000, which was supported by the launch of exchange-traded funds (ETFs) directly tied to the Bitcoin price. However, the market witnessed a sharp 10% correction earlier this week, underlining the inherent risk associated with cryptocurrency investments.
BTC rose on an annual basis
Despite the recent decline, Bitcoin has still managed to gain over 55% since the beginning of 2024. This rise can largely be attributed to the approval and listing of Spot Bitcoin ETFs in January, giving traditional investors an easier way to explore Bitcoin ETFs.
Kiyosaki’s unwavering support for Bitcoin is not new. He has consistently positioned Bitcoin as a hedge against the “worsening” financial crisis and as a potential countermeasure against increased government surveillance through central bank cryptocurrencies (CBDCs). He had previously praised Bitcoin for “kicking the fake US dollar’s ass and restoring integrity to money” when the cryptocurrency reached $64,000.
Kiyosaki’s belief in Bitcoin continues
Although Tuesday’s price drop may have raised some concerns, Kiyosaki’s latest statement shows that his belief in Bitcoin’s long-term potential remains unshaken. However, it is very important to remember that cryptocurrency markets are highly volatile and Kiyosaki’s prediction of a $300,000 price tag by 2024 represents a very optimistic scenario. Investors should always conduct thorough research and consider their individual risk tolerance before making any investment decisions.
As of this writing, Bitcoin is trading at $66,090, which indicates a decrease compared to the previous day. To reach the price point Kiyosaki predicted, Bitcoin would need to experience a significant increase of over 350% and 4x. It is not yet known whether this prediction will come true. cryptokoin.com As we reported, Kiyosaki was known for predicting the Lehman moment in 2008. However, since then, he has lost his seriousness for some with his constant statements that the market will crash.
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