Robert Kiyosaki, author of ‘Rich Dad Poor Dad,’ has revised his Bitcoin prediction, raising the target from $120,000 to $150,000. He attributes this revision to the potential approval of a Bitcoin Exchange-Traded Fund (ETF). Kiyosaki has previously expressed satisfaction with his investments in Bitcoin and other commodities through social media.
Kiyosaki reiterated his views on precious metals and fiat currencies, predicting a surge in gold prices as central banks continue to accumulate and hold it. He also sees an opportunity in silver, suggesting that a price drop due to increased inflation and selling by holders is an excellent time to buy more.
The author has been a vocal supporter of Bitcoin, especially in the context of the declining value of the US dollar. He plans to purchase more gold, silver, and Bitcoin with “fake fiat dollars.” Kiyosaki believes in the beneficial impact of the Bitcoin ecosystem for humanity and its design serving a greater good.
Kiyosaki emphasizes the significance of the upcoming Bitcoin halving event in April 2024 and advises investors to pay attention to this event. He suggests that investing in Bitcoin rather than traditional finance can lead to better outcomes.
The Bitcoin price recently experienced volatility due to fake news about a Bitcoin ETF approval, which was spread by a fake tweet from a purported SEC account on a social media platform, causing a scandal.