Robert Kiyosaki, author of "Rich Dad, Poor Dad", backed the incredibly optimistic price prediction that Arc Invest founder Kathy Wood recently posted on social media X.
In her annual Big Ideas research report, Arc predicted that the price of the largest #cryptocurrency could soar to $2.3 million. The renowned investment management firm estimated the value of the global investment base at around $250 trillion. It would take 19.4% for the common cryptocurrency to reach this price range.
According to U. Today, Wood recently raised the likelihood of this happening by predicting that bitcoin's price could rise to $3.8 million. This would require institutional investors to move at least 5% of their portfolios into #bitcoin .
While some have criticized Wood for his high bitcoin target, deeming it unreasonable, Mr. Kiyosaki praised him for having the courage to make such a prediction:
"In the real world, the richest and happiest people are those who make mistakes and learn from them.
Whether or not this scandalous stock pick is correct or not, Kiyosaki believes that those who heed her opinion will become more educated about bitcoin.
Kiyosaki herself predicts that the price of this major cryptocurrency could reach $ 300,000 in 2024.
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