'Rich Dad Poor Dad' Reveals Important Nuance About Bitcoin (BTC)
Prominent Investor Robert Kiyosaki Shares Crucial Insight on Bitcoin
Financial educator and renowned author of the popular finance management book Rich Dad Poor Dad, Robert Kiyosaki, has made waves in the cryptocurrency community with his latest bullish price prediction and a significant revelation about Bitcoin (BTC).
Frustration Over Bitcoin's Price
In a recent tweet, Kiyosaki expressed his frustration with people's reluctance to invest in Bitcoin, often citing its current high trading price as a "lame excuse". The world’s flagship cryptocurrency is indeed trading high at the moment. However, Kiyosaki maintains an optimistic outlook: “It is high… yet not as high as it’s going to go.”
Kiyosaki highlighted a fundamental investing lesson from his book: “Your profit is made when you buy… not when you sell.” He stressed that while many wish they had bought BTC when it was worth just $10, those days are long over. Last week, Kiyosaki pegged Bitcoin to potentially surge to $350,000 by mid-August or sometime in 2024, reiterating that this is his opinion, not a prediction. He continues to acquire Bitcoin, Ethereum, and Solana due to his distrust in current US government fiscal policies.
Willy Woo Responds: The End of Bitcoin's Run
Cryptocurrency Trader and Entrepreneur Willy Woo engaged with Kiyosaki's tweet, providing further insights on Bitcoin's market trajectory. According to Woo, “Bitcoin run ends when everyone is invested”, noting that only 4.7% of the free capital in the market has been allocated to Bitcoin by financial institutions. This indicates significant growth potential.
Woo emphasized that “Bitcoin is winning”, drawing parallels to how venture capitalists invest in emerging tech. His argument underscores the ongoing investment strategies employed by traditional and institutional investors, reflecting a bullish sentiment within the community.
Yuri Molchan
Yuri has been writing about DLT and crypto since 2017, with a keen interest in technology and technical innovations. He firmly believes in the transformative potential of blockchain and cryptocurrencies and has been featured in multiple crypto media outlets. His insights have been recognized by prominent crypto influencers.
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