Renowned financial educator and author of the bestselling book “Rich Dad Poor Dad,” Robert Kiyosaki, has recently taken to Twitter to share his bullish outlook on Bitcoin (BTC). In his tweet, Kiyosaki not only made a significant price prediction but also highlighted a crucial nuance about the flagship cryptocurrency.
Bitcoin Price Prediction and Investor Frustration
Kiyosaki expressed his frustration over the common excuses he encounters when encouraging people to invest in Bitcoin. The most frequent reason he hears is that Bitcoin is too expensive. Addressing this, Kiyosaki acknowledged that while Bitcoin is trading high, he believes it is poised to go much higher. He emphasized, “And it is high…yet not as high as it’s going to go.”
Reiterating a key lesson from his book, Kiyosaki stated, “Your profit is made when you buy… Not when you sell.” He pointed out that many regret not buying Bitcoin when it was worth only $10, but he reminded his followers that those days are long gone.
Stunning Price Prediction
A week prior, Kiyosaki made headlines with a bold Bitcoin price prediction, forecasting that BTC could soar to $350,000 by mid-August or sometime in 2024. He clarified that this was his opinion rather than a formal prediction. Kiyosaki also revealed his ongoing investments in Bitcoin, Ethereum, and Solana, citing his lack of trust in the current U.S. government and its fiscal policies as a driving force behind his crypto investments.
Willy Woo’s Insight on Bitcoin’s Growth
Responding to Kiyosaki’s tweet, trader and crypto entrepreneur Willy Woo provided additional insights. Woo suggested that Bitcoin’s upward trajectory will continue until a substantial portion of free capital is invested in it. According to Woo, only 4.7% of the market’s free capital has been invested in Bitcoin by financial institutions thus far.
“The BTC run ends when everyone is invested. 4.7% have invested so far. Until then you are advised to buy every gain. It means BTC is winning,” Woo tweeted. He compared this to the investment strategies of venture capitalists in emerging technologies, indicating that Bitcoin still has significant room for growth.
Kiyosaki’s and Woo’s comments reflect a growing sentiment among influential figures in the financial and cryptocurrency communities about Bitcoin’s potential. As more institutional investors and individuals consider Bitcoin a viable asset, its market dynamics and valuation could continue to evolve, potentially reaching new heights as predicted by these experts.
