Renowned Author Envisions Bitcoin Soaring to $2.3 Million Amidst Market Volatility
Robert Kiyosaki, the best-selling author behind the highly acclaimed personal finance book “Rich Dad Poor Dad,” has once again expressed his unwavering optimism towards Bitcoin, forecasting a staggering surge to $2.3 million per BTC.
Kiyosaki, relying on the forecast put forth by Cathie Wood, CEO of Ark Invest, firmly believes in her expertise and the potential for Bitcoin’s value to reach unprecedented heights. He emphasizes the importance for individuals to contemplate their own investment strategies and Bitcoin holdings, regardless of the exact price prediction.
This bullish approach to Bitcoin coincides with Kiyosaki’s repeated warnings about an impending crash in traditional markets. He voices concerns regarding a potential bubble enveloping stocks, bonds, and real estate, along with the burgeoning U.S. debt and the looming possibility of national bankruptcy.
Consistently advocating for alternative assets such as Bitcoin, gold, and silver, Kiyosaki views them as safeguards against inflation and the depreciation of the U.S. dollar. In the current economic climate, he deems Bitcoin as a viable “flight to safety” option.
Kiyosaki’s tweet further solidifies his trust in Cathie Wood’s projection, while inviting individuals to ponder their own beliefs and the potential ramifications of her forecast.
These latest predictions come in the wake of Kiyosaki’s earlier projections for Bitcoin, including a price target of $100,000 by September 2023 and a milestone of $300,000 sometime this year. Additionally, he divulged earlier this year that he owns 66 Bitcoins.
As previously reported, Kiyosaki has also advocated for the rise of Bitcoin to over $1.2 million within the next few years, while simultaneously endorsing gold and silver as “God’s money.”
Kiyosaki’s remarks coincide with a surge in investor inflows towards spot Bitcoin exchange-traded funds (ETFs) over the past week. Data reveals that total inflows reached $91.3 million on April 11, primarily led by BlackRock’s iShares Bitcoin Trust (IBIT), which has amassed total net inflows surpassing $15 billion.
According to BitMEX Research, the world’s largest asset manager’s spot Bitcoin ETF witnessed a significant inflow of $192.1 million on April 11, marking the largest daily inflow since April 5. Since its inception, the fund has experienced average daily inflows of $240.4 million.
As the market continues to evolve, Kiyosaki’s forecasts shed light on the potential for Bitcoin to revolutionize the financial landscape, offering investors an opportunity for significant growth and stability.
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