Rich Dad Poor Dad author Robert Kiyosaki has updated his bitcoin price prediction. He now anticipates the cryptocurrency reaching $100K by September. The famous author also announced his intention to purchase more bitcoin this week, citing the approaching halving event. He encouraged investors to consider adding bitcoin to their portfolios if they haven’t already done so.
Robert Kiyosaki Predicts Bitcoin Hitting $100K by September — Plans to Buy BTC This Week as Halving Nears
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Robert Kiyosaki Revises His Bitcoin Price Prediction
The author of Rich Dad Poor Dad, Robert Kiyosaki, shared his updated bitcoin price prediction in a lengthy post on social media platform X on Monday. He also encouraged investors to buy bitcoin and announced his own plan to purchase more BTC, citing the upcoming halving event as the key factor in his decision. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote:
I am buying 10 more bitcoin before April. Why? The ‘Halving.’ If you can’t afford a whole bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or satoshi’s. I expect bitcoin to be $100K by September 2024.
The renowned author also mentioned that if investors are uncomfortable buying bitcoin or spot bitcoin exchange-traded funds (ETFs), they should consider silver as an alternative investment. “If you are not into bitcoin I suggest buying silver coins, preferably U.S. silver eagles.” He emphasized: “My friend Andy Schectman states the once abundant supply of silver is nearly gone.” Schectman is the president and owner of bullion dealer Miles Franklin. While investing in a spot bitcoin ETF is a way to get exposure to the price of BTC, ETF investors do not own actual bitcoin.
Kiyosaki proceeded to explain that “smart money” is flocking to BTC “because the ‘smart money’ knows the U.S. is the biggest debtor nation in the world; China’s property market is ‘toast;’ Japan has been in a depression since 1990; Germany is sliding into a depression, mom and pop consumer are living on credit cards; banks are in trouble; and the world is on the brink of war.”
The acclaimed author also endorsed the view of Microstrategy’s executive chairman, Michael Saylor, who recently said: “People who use fiat as a store of value, we have a name for them: poor.” Noting that fiat money is “fake money,” Kiyosaki stressed:
Michael Saylor, Andy Schectman and me do not want you to be poor. Please start acquiring gold, silver, bitcoin, if you already have not started.
“Of the three, silver is the most affordable for most people,” the renowned author said, adding that silver is currently trading around $35 per ounce, compared to bitcoin’s price tag of roughly $70,000 and gold’s price of approximately $2,500 per ounce. “Please don’t be a poor person saving fake money,” Kiyosaki stressed, emphasizing: “Almost everyone in the world can afford at least one silver coin or one bitcoin satoshi. Be smart, take action, and take care.”
Kiyosaki has become increasingly vocal about his support for BTC. Last week, he urged investors to buy as much bitcoin as they can afford, praising its limited supply and classifying the crypto alongside gold and silver as “real assets.” Earlier this month, he predicted that BTC will reach $300K this year. Last month, he said bitcoin would reach $100,000 by June, but he has now revised this forecast to September.
What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s statements and recommendations? Let us know in the comments section below.
