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“Rich Dad Poor Dad” Reveals Important Nuances About Bitcoin (BTC)
Yuri Molchan
Famous investor Robert Kiyosaki shares an important nuance about BTC with the cryptocurrency community
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Financial educator and renowned author of the popular financial management book “Rich Dad, Poor Dad” Robert Kiyosaki posted a tweet about Bitcoin, in which he made a bullish price prediction and revealed an important nuance about BTC.
Trader and entrepreneur Willy Woo entered into a dialogue with Kiyosaki, revealing the key sign of when Bitcoin is about to stop running. So far, Bitcoin is winning, he says.
“Bitcoin is not as high as it should be going”
In his tweet, Kiyosaki confessed that he feels frustrated when he starts encouraging people around him to buy Bitcoin due to the “weak excuses” he gets in return. According to him, the most common reason why people find it difficult to follow his advice is that they find BTC too expensive.
The world’s flagship cryptocurrency is actually trading at high levels right now. However, Kiyosaki believes it will rise even higher: “And it’s high… but not as high as it’s going to be.”
Kiyosaki cited his above-mentioned book here, stating that “Your profit comes when you buy…. Not when you’re selling.
The important nuance about Bitcoin, in his opinion, is that everyone wishes they had bought BTC when it was only worth $10, “but those days are long gone,” he tweeted.
A week ago, Kiyosaki released a stunning Bitcoin price prediction, revealing that he expects BTC to skyrocket to $350,000 by mid-August or at least at some point in 2024. He admitted that this is not a prediction, but his opinion. Kiyosaki also revealed that he continues to buy Bitcoin, Ethereum and Solana, “because he is almost certain that their prices will continue to rise.”
However, this is not because he is confident in these digital currencies, but rather because he does not trust the current US government and its tax policies.
Willy Woo Reveals When Bitcoin’s Rush Will End
Cryptocurrency trader and entrepreneur Willy Woo responded to Robert Kiyosaki’s tweet, noting that “the Bitcoin rush ends when everyone is invested” in it. So far, 4.7% of free capital in the market has been invested in Bitcoin by financial institutions, he tweeted.
Currently, Woo wrote, Bitcoin is winning, and this is, he said, “exactly what VCs do for emerging technology.”
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.