Renowned writer and investor Robert Kiyosaki, author of Rich Dad Poor Dad, calls on investors to buy more Bitcoin and precious metals like gold and silver to turn a bad situation into a great opportunity.
Why you should pay attention:
Kiyosaki's appeal to investors:
In a recent tweet on the
Although stocks rose to record highs this week, Bitcoin has been suffering a sharp decline in recent days.
Bitcoin and institutional investments:
Kiyosaki mentioned that institutional investors are buying Bitcoin despite the decline, citing net positive inflows into ETFs.
Precious metals such as gold and silver are classified as safe havens, and many Bitcoin supporters include this digital currency in this category.
Kiyosaki's bold predictions:
Last month, Kiyosaki predicted that Bitcoin would reach $350,000 by the end of August, which seems unrealistic given the current price.
He previously predicted that the price of Bitcoin would reach $100,000 by June 2024, a prediction that did not come true.
Price action:
At the time of writing, Bitcoin was trading at $57,342.81, down 1% in the last 24 hours, according to data from Benzinga Pro.
Why it matters:
Kiyosaki is known for his strong support of Bitcoin and other cryptocurrencies, and continues to make bold price predictions that have not come true in the past.
His continued support indicates a strong belief in Bitcoin's potential as a safe future asset and financial haven.
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