Robert Kiyosaki, the author of the best-selling financial book Rich Dad Poor Dad, explains why he is buying 10 Bitcoin (BTC) between now and April.
Financial literacy educator Robert Kiyosaki has become increasingly popular for his public admiration of Bitcoin. On several occasions, he has recommended Bitcoin as an investment, especially for those considering a diversification away from the U.S. Dollar.
In the latest of his Bitcoin-focused crusading posts, the famed author did more than promote Bitcoin to his audience. Robert Kiyosaki revealed that he will be buying at least 10 BTC (approximately $670,000 at current prices) before April.
He explained that the decision to buy the coins is based on Bitcoin’s upcoming halving. The preprogrammed event makes bitcoins relatively scarcer by reducing the number of issued coins in each block reward.
Miners currently earn around 6.25 BTC on each freshly mined Bitcoin block, but that reward is set to be reduced to 3.125 BTC after the next halving, which is on track for April 20.
As a result, Kiyosaki recommends that investors aim to get at least one-tenth (1/10) of a Bitcoin if they can’t afford a whole coin. Investors may do so through the recently launched ETFs or directly buying smaller units of bitcoin called “Satoshis.”
Since their launch, the Bitcoin ETFs have attracted significant investment capital, breaking the record of $1 billion in inflows in a single day. Admittedly, the flow into these ETFs has dropped in the past week but remains on course for a recovery based on market sentiment.
Bitcoin to Hit $100K By September?
Alongside his buy bitcoin recommendations, Robert Kiyosaki predicts that Bitcoin will hit the $100,000 mark by September. He had earlier also predicted that the asset would cross $500,000 by 2025, with his latest post an attempt to reiterate his bullishness.
The famed author further clarified the reason for optimism about Bitcoin’s future price. He believes that the U.S.’s growing debt, consumer spending habits, and the threat of a global war could cause the price of Bitcoin, Gold, and Silver to soar in the coming years.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
