Robert Kiyosaki Recommends Buying One-Tenth Of A Bitcoin, Backs Michael Saylor
Bestselling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, urged followers on Monday to purchase Bitcoin (BTC) ahead of the April halving event.
In a post to Twitter, the author promised to buy 10 more BTC before the start of April due to his conviction around the event, which will cut the rate at which new BTC is produced in half.
“If you can’t afford a whole Bitcoin, you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s,” wrote Kiyosaki. “If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.”
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I…
— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024
Bitcoin’s price surged by over 3.5% to $69,700 on Monday, carrying momentum from its weekend rebound from below $64,000. This followed a massive pullback for the cryptocurrency over the last two weeks as Bitcoin spot ETFs – which have proven remarkably successful since launching in January – suffered unusually large outflows of over $800 million last week.
Kiyosaki said he expects Bitcoin to reach $100,000 by September – not merely because of the ETFs, but because of the weakness of the US dollar. In that spirit, he recommended silver coins and gold as the next best buys for those who are “not into Bitcoin.”
“The ‘smart money’ knows the US is the biggest debtor nation in the world,” he said, citing high consumer and small business debt, domestic bank troubles, and a world “on the brink of war.”
Bitcoin is often compared to precious metals by proponents
