Robert Kiyosaki, financial educator and author of the popular financial management book “Rich Dad Poor Dad”, both made a bullish prediction and touched on an important detail about BTC in a tweet about Bitcoin. Trader and entrepreneur Willy Woo, in his dialogue with Kiyosaki, gave an important clue about when Bitcoin’s rise will stop. Cryptocurrency analyst Woo notes that Bitcoin is the winner so far.
Kiyosaki: “Bitcoin will rise further”
In his tweet, Kiyosaki admitted that he was disappointed by the “excuses” he received when he encouraged people around him to buy Bitcoin. According to him, the main reason why people have a hard time following his advice is because they find BTC too expensive. The world’s leading cryptocurrency is currently trading at a really high price. However, Kiyosaki believes that Bitcoin will rise further: “Yes, it is at a high level now. But that’s not where it’s going.” “Your profit comes when you buy, not when you sell,” says Kiyosaki, referring to his book mentioned above.
According to Kiyosaki, an important detail about Bitcoin is that everyone wants to buy Bitcoin when it is only worth $10; but “those days are long gone,” he adds in his tweet. As Kriptokoin.com reported, Kiyosaki released a surprising Bitcoin price prediction a week ago, stating that BTC could rise to $350,000 by mid-August, or at least at some point in 2024. He added that this was not a prediction but his own opinion.
Kiyosaki also said he continues to buy Bitcoin, Ethereum, and Solana because he is “pretty confident their prices will continue to rise.” However, this is not due to his absolute trust in cryptocurrencies, but rather his distrust of the current US government and financial policies.
Cryptocurrency analyst Willy Woo: When will Bitcoin drop?
Trader and crypto entrepreneur Willy Woo responded to Robert Kiyosaki’s tweet, saying, “Bitcoin’s rise ends when everyone invests.” He stated that 4.7% of the free capital in the market has been invested in Bitcoin so far by financial institutions. Woo stated that Bitcoin is winning right now and that this is the strategy “just like VCs do for emerging technologies.”
Kiyosaki and Woo’s views reveal different perspectives on the Bitcoin market. While Kiyosaki expresses his distrust in the traditional financial system and emphasizes his belief in the rise of Bitcoin, Woo suggests that the widespread use of Bitcoin investment may mean the maturation of the market and the end of the rise. Investors should take such expert opinions into account when making their decisions and invest by doing their own research.
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