Renowned author and financial educator, Robert Kiyosaki, recently took to Twitter to share his bullish price prediction for Bitcoin. He expressed frustration over the “lame excuses” he receives when encouraging people to invest in the leading cryptocurrency. Despite Bitcoin’s current high price, Kiyosaki believes that it still has room to grow even further.
The Key Sign of a Bitcoin Bull Run
In a dialogue with trader and entrepreneur Willy Woo, Kiyosaki discussed the key sign that Bitcoin is about to stop running high. According to Woo, the Bitcoin run ends when everyone is invested in it. He pointed out that only 4.7% of the free capital on the market has been put into Bitcoin by financial institutions so far.
Kiyosaki emphasized the importance of buying Bitcoin before its price surges even higher. He quoted his book, stating that “Your profit is made when you buy, not when you sell.” While many people wish they had purchased Bitcoin when it was only $10, Kiyosaki noted that those days are long gone.
Stunning Price Prediction
Just a week ago, Kiyosaki made a bold Bitcoin price prediction, anticipating that the cryptocurrency could skyrocket to $350,000 by the middle of August or sometime in 2024. However, he clarified that this was his personal opinion rather than a definitive forecast. Despite the uncertainty, Kiyosaki continues to invest in Bitcoin, Ethereum, and Solana, confident that their prices will continue to rise.
Kiyosaki’s investment choices are driven by his lack of faith in the current U.S. government and its fiscal policies. He believes that investing in digital currencies is a way to protect his wealth against potential economic instability. While he acknowledges the risks, Kiyosaki remains convinced that cryptocurrencies offer a viable alternative to traditional assets.
Robert Kiyosaki’s optimistic outlook on Bitcoin reflects his belief in the cryptocurrency’s long-term potential. Despite facing skepticism and resistance from some individuals, Kiyosaki remains resolute in his confidence that Bitcoin will continue to thrive in the years to come. As the crypto market evolves and matures, Kiyosaki’s insights serve as a reminder of the opportunities and risks associated with this rapidly changing landscape.