Renowned financial pundit Robert Kiyosaki has urged the investing community to consider Bitcoin more in their portfolio, even in small quantities, as targets a 348% rally to $300k.
Buy Bitcoin Even with $500
In a recent post on X, Kiyosaki highlighted that Bitcoin is in an explosive phase. According to him, the worst oversight an individual could make now is delaying their Bitcoin involvement.
The “Rich Dad Poor Dad” author emphasized the need to begin investing in Bitcoin at its current price, noting the asset is bound to be more expensive in the coming months.
“The biggest mistake you can make is to procrastinate. [It is] important to start, even if only for $500,” Kiyosaki remarked.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024
— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
Robert Kiyosaki’s investment advice follows the recent all-time high record set by Bitcoin while its halving event remains a few weeks away. This marked a unique precedent in BTC’s history.
In particular, Bitcoin has a new peak at $69,170, although it trades slightly lower at press time. Kiyosaki believes Bitcoin’s current value remains a bargain price compared to the target it could attain next.
Two months ago, he argued that an opportune time to enter the Bitcoin market lies between January and March. At the time, Bitcoin hovered around $43,000. Essentially, the asset has since grown by at least 60%.
Bitcoin Heads for $300k
Amid counseling piecemeal investment in BTC, the renowned financial author set a new astonishing target to watch. Specifically, Kiyosaki boldly asserted that Bitcoin is on track for $300,000 this year.
Considering BTC’s prevailing market value at $66,925, achieving the $300k price point implies an explosive 348% rally. Kiyosaki’s $300k target marks a significant revision from his earlier outlook of $100k, which he issued after Bitcoin first broke the $51k threshold in February.
Essentially, he has grown more confident in the asset’s potential, as it cracked an all-time high before halving. Meanwhile, some prominent market watchers do not share Kiyosaki’s view of Bitcoin hitting $300k this year.
For instance, legendary trader Peter Brandt revised his outlook for Bitcoin from $120k to $200k following the recent breakout. Besides, Brandt set a 2025 date for the $200k threshold to materialize.