Robert Kiyosaki, the renowned author and investor, has recently shared his insights on Bitcoin, reiterating his bullish outlook for the cryptocurrency. According to Kiyosaki, now is the perfect moment to start accumulating Bitcoin, predicting its value could hit $100,000 by the end of the year. Alongside that prediction, the investor also shared his personal Bitcoin accumulation strategy.
Robert Kiyosaki Accumulating Bitcoin
Kiyosaki’s belief in Bitcoin’s potential growth is so strong that he’s personally investing in an additional 10 Bitcoins before April. His accumulation strategy revolves around the upcoming halving, advocating for investment in Bitcoin whether through whole coins or fractions, like ETFs and Satoshis.
His exact words were, “If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.”
Kiyosaki’s belief in Bitcoin’s potential growth is so strong that he’s investing in an additional 10 Bitcoins before April. Kiyosaki and his friends, like Michael Saylor and Andy Schectman, stress how risky it is to save in fiat currencies, referred to as “fake” money. Given the current economic uncertainty and the growing fear of war, they say this could leave people broke, hence why Bitcoin matters.
Bitcoin Price Analysis
Despite a dip, Bitcoin has climbed from a low of $61,000 to over $65,000 within a week, thanks to a strong buying interest among investors. The cryptocurrency’s price has been near the 20-day exponential moving average, indicating a battle between the bulls and the bears.
Current technical analysis reveals that if Bitcoin can break past the resistance level of $69,000, it could open the path toward significantly higher valuations, possibly reaching up to $75,000. Of course, failure to maintain the support levels could lead to further corrections. At press time, Bitcoin was worth $67,355.