JAKARTA - Robert Kiyosaki, author of the phenomenal book Rich Dad Poor Dad, openly encourages his followers to buy Bitcoin (BTC) ahead of an important event in the bitcoin world known as halving.
This incident, which is scheduled to take place in April, is expected to cut the new Bitcoin printing reward for miners by half, from 6.25 BTC to 3.125 BTC.
Through a series of tweets on Twitter, Kiyosaki expressed his intention to add to his Bitcoin portfolio with 10 more BTC before early April. His belief in halving is based on the prediction that the event will increase Bitcoin's scarcity and potentially increase its value.
The price of Bitcoin, which has jumped more than 3.5% to $69.700 on Monday, showed a strong momentum after a rebound from prices below $64,000 at the weekend. This increase comes despite a massive withdrawal from the Bitcoin spot ETF which has proven to be very successful since its launch in January, with an unusual outflow of more than $800 million last week.
Kiyosaki, known for his critical views on fiat currencies, expects Bitcoin to reach 100.000 by September. The prediction is that it is not only based on ETF performance, but also on the continued weakness of the US dollar. With the same spirit, it also recommends silver and gold coins as an alternative investment for those who may be less interested in Bitcoin.
Kiyosaki's View Of The US Economy And Cash
Referring to investors who allocated their funds for investing in key assets, Kiyosaki called them'smart money'. He considered them to be aware that the United States is the largest borrower country in the world. He highlighted the high debt of consumers and small businesses, domestic bank problems, and increasing geopolitical tensions as worrying factors.
Bitcoin, often compared to precious metals, is seen by its supporters as a defense against a decrease in the value of the US dollar. Bitcoin's limited supply, which is only 21 million coins, is considered a rarer asset whose value will last over time.
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Kiyosaki echoed Michael Saylor's sentiments, executive chairman of MicroStrategy, who in a recent interview called those who save in cash or fiat currency as poor people'. Kiyosaki called for people to start collecting gold, silver, and Bitcoin, and avoid being people who save 'false money'.
"Please start collecting gold, silver, Bitcoin, if you haven't started it yet," Kiyosaki said. "Please don't be a poor person who saves counterfeit money."
Bitcoin Address Statistics
Recent blockchain data shows that currently there are more than 4.5 million Bitcoin addresses holding more than 0.1 BTC, according to Kiyosaki's recommendations. However, it is important to note that one investor can store his ownership in several Bitcoin addresses as part of a strategy to improve security in order to avoid rampant fraud cases.
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