Amid escalating geopolitical tensions in many parts of the world, Bitcoin is losing ground but remains resilient. Robert Kiyosaki, author of the personal finance book ‘Rich Dad Poor Dad’, is worried about these developments. So much so that he says it could lead to another World War. On the other hand, he states that Bitcoin will do well in such situations. Meanwhile, the countdown to the halving has begun.
R. Kiyosaki: We are on the verge of World War 3, Bitcoin will do well!
cryptokoin.comAs you follow from , the market has floundered a bit lately as geopolitical tensions have increased. This brought about some controversy. Famous investor Robert Kiyosaki is worried about the escalating geopolitical tensions in many parts of the world. Kiyosaki says that although it is a bit of an exaggeration, these developments could lead to another World War. On the other hand, he states that Bitcoin (BTC) will do well in such situations.
In a podcast episode with Trends Journal editor and producer Gerald Celente, Kiyosaki discussed topics such as BTC, gold, real estate, and the world situation. He said that global uncertainties were heading towards a major war. He also stated that banks are having problems. According to Kiyosaki, demand and prices for precious metals and cryptocurrencies are increasing. Therefore, Kiyosaki observes, digital assets like Bitcoin will perform well during such uncertain times. In this context, Kiyosaki says:
We’re talking about a ‘golden year’ for gold, and that’s because the banks are going bankrupt. Everyone knows this too! However, BTC is peaking. However, the part that worries me the most is World War 3, we are on the brink of that right now.
BTC’s halving event is now less than 100 blocks away!
Bitcoin’s next halving event is less than 100 blocks away. Bitcoin halving events occur every 210,000 blocks. In this case, it will probably take place on April 20 at 11:00 CET. When the halving event occurs, miners will receive 50% less BTC for each block of transactions they add to the Blockchain. However, they will continue to earn additional transaction fee rewards. Bitcoin’s latest halving will reduce the subsidy reward for miners from 6.25 BTC to 3,125 BTC per block. These halving events will continue until the last Bitcoin is expected to be mined around the year 2140.
What’s next for Bitcoin?
Analysts at mining and brokerage firm Bernstein expect Bitcoin to continue its upward trajectory post-halving. Analysts predict a target of $150,000 by the end of 2025. On the other hand, Coinify CEO Rikke Staer suggests that less efficient miners may be forced to sell their existing Bitcoin holdings. He also notes that the halving is a “sell the news” event as this will potentially stifle demand.
Miner revenues have risen this year along with the rise in BTC price. However, we will see the extent of the halving’s impact on overall network metrics following less efficient mining operations and hence the drop in subsidy.
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