Financial educator and renowned author of the bestselling finance book "Rich Dad Poor Dad," Robert Kiyosaki, has published a bullish tweet about Bitcoin. He made an optimistic price prediction and revealed a significant nuance about the cryptocurrency.
Kiyosaki's Bitcoin Bullish Prediction
In his tweet, Kiyosaki stated that Bitcoin, the world’s flagship cryptocurrency, is currently trading high but has the potential to surge even higher. He emphasized, “And it is high…yet not as high as it’s going to go.”
Referencing his book, Kiyosaki highlighted the principle that “Your profit is made when you buy…Not when you sell.” This underscores the importance of early investment and strategic buying decisions in cryptocurrency.
The Nuance About Bitcoin
Kiyosaki pointed out a critical nuance about Bitcoin: everyone wishes they had purchased BTC when it was worth just $10, but those days are long gone. He conveyed the sentiment that despite missing the early low prices, Bitcoin still holds significant potential for future gains.
Price Prediction and Investment Strategy
A week ago, Kiyosaki published a stunning Bitcoin price prediction, suggesting that BTC could skyrocket to $350,000 by the middle of August or at some point in 2024. He clarified that this is his opinion, not a definitive prediction. Additionally, Kiyosaki revealed that he continues to buy Bitcoin, Ethereum, and Solana, expressing confidence that their prices will continue to rise. His investments are driven by distrust in the current U.S. government and its fiscal policies rather than sheer confidence in the digital currencies themselves.
Willy Woo's Insights
Trader and entrepreneur Willy Woo joined the conversation, discussing the key sign of when Bitcoin might stop its upward trajectory. Woo stated that Bitcoin is currently winning and compared the current situation to what venture capitalists do for emerging tech, implying that Bitcoin's growth is still in its early stages.
