[Rich Dad Poor Dad reveals important nuances of Bitcoin (BTC)]
Robert Kiyosaki, author of the book "Rich Dad, Poor Dad" and a well-known financial educator, recently issued a bullish prediction for Bitcoin on Twitter and revealed an important detail.
Trader and entrepreneur Willy Woo spoke with Kiyosaki to reveal key signs that Bitcoin may be stalling. Woo noted that Bitcoin is winning out right now.
In the post, Kiyosaki said that whenever he encourages people around him to buy Bitcoin, he often feels frustrated because people always give some "lame excuses." He mentioned that people often think Bitcoin is too expensive.
Currently, Bitcoin is indeed at a high, but Kiyosaki believes it will go even higher: "It is high now... but not yet as high as it will be." He quoted a line from the book: "Your profits are It happens when you buy...not when you sell.”
Kiyosaki emphasized that everyone wished they had bought Bitcoin when it was only worth $10, but “that time is gone forever.”
A week ago, Kiyosaki predicted that BTC would surge to $350,000 by mid-2024, or at least at some point in 2024. He admitted that this was not a prediction but his opinion. He also revealed that he continues to buy Bitcoin, Ethereum, and Solana because he is convinced that the prices of these digital currencies will continue to rise.
However, this is not because he has confidence in these digital currencies, but because he distrusts the current US government and its fiscal policies.
Willy Woo responded to Kiyosaki's post by stating, "When everyone invests in Bitcoin, the Bitcoin rally will end." Woo wrote that currently 4.7% of free funds in the market have been invested in Bitcoin by financial institutions .
Bitcoin is winning, Woo said, and that's exactly what venture capital firms do with emerging technologies.
