Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

'Rich Dad Poor Dad' Author Says Bitcoin About to Surpass $100,000: ‘Hang On Tight’

Published 22/11/2024, 10:19
'Rich Dad Poor Dad' Author Says Bitcoin About to Surpass $100,000: ‘Hang On Tight’
BTC/USD
-

U.Today - Robert Kiyosaki, financial expert and author of the best-selling book on financial literacy “Rich Dad Poor Dad,” has issued a post on his official X account to say that he expects that Bitcoin is about to hit $100,000.

“Hang on tight as Bitcoin hits new highs,” he stated. Meanwhile, the global bellwether cryptocurrency has printed a new all-time high of around $99,500 and has come very close to the $100,000 price mark.

Kiyosaki has been a long-term fan of Bitcoin. He bet on it when the pandemic broke out four years ago, making the U.S. government print survival checks. Then, as the Fed Reserve continued printing, the “Rich Dad Poor Dad” author continued tweeting bullishly about BTC, calling it a safe-haven asset along with gold and silver and saying that he continues to accumulate all three.

Once Kiyosaki stated that even if BTC crashes hard, he would just stock up on it at cheap prices since he always uses crashes to buy valuable assets at a low cost. However, in a recent tweet, Kiyosaki warned that he would stop accumulating Bitcoin once it passes the $100,000 line: “I will keep buying more Bitcoin till it passes $100,000. Then I will stop. Not a time to get greedy.”

DOGE creator on Bitcoin $100K forecasts: "Don't hit it and insta crash"

In a tweet published earlier this week, Kiyosaki revealed that he agrees with the recent ultra-bullish price prediction made by MicroStrategy’s founder Michael Saylor that, 10 years from now, Bitcoin is likely to skyrocket much higher than $1 million and reach $13 million per coin.

Dogecoin cofounder Billy Markus, known on social media as Shibetoshi Nakamoto (a parody of the Bitcoin creator’s pseudonym) also tweeted that he expects Bitcoin to hit $100,000 “when he sleeps.” Markus also added a “request” to BTC in his message, asking the major cryptocurrency not to hit $100K and crash instantly: “100k you can come while i sleep just don’t hit it and insta crash.”

Over the past 24 hours, Bitcoin has added roughly $3,000, soaring from $96,700 to the $99,502 record peak. Since the week began, it has printed an immense growth of 11.7%, spiking from the $89,000 zone.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.