What Happened: On Friday, renowned “Rich Dad Poor Dad” author Robert Kiyosaki expressed his bullish sentiments on Bitcoin BTC/USD via a post on X, formerly Twitter.
He advised against procrastination, emphasizing the importance of investing even if the initial step is as little as $500. Kiyosaki anticipates Bitcoin to reach $300,000 per unit in 2024.
Earlier in the week, Bitcoin had touched its all-time high, rallying past the $69,000 mark, driven by the launch of spot Bitcoin ETFs in January. However, the cryptocurrency faced a sharp decline of 10% on Tuesday.
Trending: Large boom in cryptocurrency and metaverse interest as BTC skyrockets — has Apple Vision Pro increased the demand for virtual real estate?
Bitcoin traded between $62,848.67 and $67,637.93. At the time of writing, the apex cryptocurrency was 4.23% below its all-time high of $69,170.63, which it hit on Tuesday.
Bitcoin has shot up 55.83% since 2024 began, the rally has largely been propelled by the approval and listing of Spot Bitcoin ETFs in January.
See Also:
- Bitcoin To $100,000? Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.
- Crypto Analyst Sees Dogecoin Reaching Half A Dollar Soon, Says ‘DOGE Has Plenty More Left In The Tank’
Why It Matters: Kiyosaki’s bullish stance on Bitcoin isn’t a new development. He has previously positioned Bitcoin as a solution to the “worsening” banking crisis and a potential weapon against central banks’ spying attempts via Central Bank Digital Currency.
Additionally, Kiyosaki credited Bitcoin for “kicking the fake US dollar’s b*tt and bringing integrity back to money” when the crypto rallied to $64,000.
Despite Tuesday’s downturn, Kiyosaki’s recent tweet suggests his faith in Bitcoin’s potential remains unshaken.
Price Action: It should be noted that Bitcoin traded 3.8% higher at $66,090.35 at the time of writing, according to Benzinga Pro data. If it is to reach $300,000, as Kiyosaki predicted, it will have to rally another spectacular 353.92% from this level.
Photo by Gage Skidmore on Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
