TL;DR
- Robert Kiyosaki is a proponent of Bitcoin investing, predicting a significant price increase, and suggesting split purchases for those who can't afford to buy the entire Bitcoin.
- Halving events, among others, are recognized as important catalysts for potential upside.
Reasons to accumulate more
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, is one of the most vocal proponents of Bitcoin (BTC). This American businessman not only extols the benefits of major digital assets, but is also a HODLer.
Most recently, he revealed that he plans to buy an additional 10 BTC (worth about $670,000 at current rates) this month ahead of next month's halving.
“If you can’t afford an entire Bitcoin, you may want to consider buying a tenth of a coin through the new ETF or Satoshi’s ETF. You may be able to own the entirety of Bitcoin by then,” Kiyosaki said. Added.
A half-life is an event that occurs approximately every four years. This reduces the reward miners receive for adding new blocks to the network by half, slowing down the rate at which new coins are generated. This will make BTC more scarce and potentially more valuable in the future (assuming demand remains the same or increases). Historically, half-life Since then, the entire cryptocurrency market has made a huge comeback.
In addition to announcing plans to increase exposure to Bitcoin, Kiyosaki outlined bullish forecasts for the asset's price, envisioning a target of $100,000 by September of this year.Earlier this month, the author predicted BTC could soar to $300,000 by the end of 2024.
The BTC bull market may have just begun
The impending halving is not the only factor to consider when predicting Bitcoin's future rally.
The possibility that the Federal Reserve will change its anti-inflation policy could also be counted as one such possibility. The US central bank has previously hinted at lowering interest rates, but society has yet to witness such action.More recently, it has been Benchmarks were kept unchanged At 5.25% to 5.50%. Lower interest rates could increase investor interest in riskier assets, including cryptocurrencies, and thus contribute to higher prices.
If you would like to see additional factors that indicate there is significant room for BTC price to grow above $70,000, be sure to watch the exclusive video below.
