According to U.Today, Robert Kiyosaki, the financial educator and author of the popular finance management book 'Rich Dad Poor Dad', has made a bullish prediction about Bitcoin's price. He expressed his frustration at the common excuse he hears from people reluctant to invest in Bitcoin, which is that they find it too expensive. Despite the high trading value of Bitcoin, Kiyosaki believes that it will surge even higher. He quoted his book, stating that 'Your profit is made when you buy…Not when you sell.' He also mentioned that many people wish they had bought Bitcoin when it was worth just $10, but those days are long gone.
Kiyosaki recently predicted that Bitcoin could reach as high as $350,000 by mid-August or at some point in 2024. However, he clarified that this is not a prediction, but his opinion. He also revealed that he continues to buy Bitcoin, Ethereum, and Solana, not because he is certain of these digital currencies, but because he does not trust the current U.S. government and its fiscal policies.
In response to Kiyosaki's tweet, trader and entrepreneur Willy Woo pointed out that the Bitcoin run will end when everyone is invested in it. He revealed that so far, 4.7% of the free capital on the market has been invested in Bitcoin by financial institutions. According to Woo, Bitcoin is currently winning, which he stated is 'exactly what VCs do for emerging tech.'