Connect with us

Hi, what are you looking for?

Economy

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.

Get Bitcoin While You Can, Says Robert Kiyosaki


“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.”

Stay Away From Cash


Bitcoin is often compared to precious metals by proponents who view its limited supply of 21 million coins as a defense against the debasement of the US dollar, whose increasing supply devalues the currency against more scarce assets over time.

Kiyosaki echoed the words of MicroStrategy executive chairman Michael Saylor, who said in a recent interview that those who save in cash or fiat currency are best labeled as “poor.”

“Please start acquiring gold, silver, Bitcoin, if you already have not started,” said Kiyosaki. “Please don’t be a poor person saving fake money.”

According to blockchain data, there are currently over 4.5 million Bitcoin addresses holding over 0.1 BTC, as Kiyosaki recommends. That said, one investor can store their holdings across multiple Bitcoin addresses, and one address could represent the holdings of thousands or millions of investors (ex. Binance’s Bitcoin address).

The post Robert Kiyosaki Recommends Buying One-Tenth Of A Bitcoin, Backs Michael Saylor appeared first on Cryptonews.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC)...

Economy

Clearstream, Deutsche Börse’s post-trade business is investing an undisclosed amount in the fintech start-up Digital Vault Services (DVS). Deutsche Börse, one of Europe’s biggest...

Economy

According to a CoinDesk report, OKX, the world’s second-largest cryptocurrency exchange by trading volume, has lost two of its top executives, Tim Byun and...

News

The foreign aid plan Speaker Johnson, R-La., unveiled on Monday night is already facing a growing red wave of opposition from his own colleagues...

News

Russian President Vladimir Putin joined international calls for cool heads in the Middle East as tensions remain high following Iran’s unprecedented attack on Israel...

News

A nonprofit founded and funded by liberal billionaire George Soros funneled a massive eight-figure sum into a prominent liberal super PAC that bankrolls several...

You May Also Like

Financial Advisors

[#item_full_content]

Financial Advisors

[#item_full_content]

Financial Advisors

The humongous outbreak of the dreaded coronavirus has brought about a groundbreaking change in what the world perceived as ‘normal’. With an estimated 280,391,189...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Respect Investment. All Rights Reserved.