Bitcoin
‘Rich Dad, Poor Dad’ Reveals Important Nuances About Bitcoin (BTC) by U.Today
U.Today – Financial educator and renowned author of the popular book on financial management “Rich Dad Poor Dad” Robert Kiyosaki published a tweet about, in which he made a price rise prediction and revealed an important nuance about BTC.
Trader and entrepreneur Willy Woo started a dialogue with Kiyosaki, revealing the main sign of when Bitcoin is about to stop rising. So far, Bitcoin is winning, he says.
“Bitcoin is not as high as it can be”
In his tweet, Kiyosaki confessed that he feels frustrated when he starts encouraging people around him to buy Bitcoin because of the “lame excuses” he receives in return. The most common reason people find it difficult to follow his advice, he says, is that they think BTC is too expensive.
The world’s leading cryptocurrency is indeed trading higher at the moment. However, Kiyosaki believes it will increase further: “And it is high… but not as high as predicted.”
Kiyosaki cited his book mentioned here, stating that “Your profit is made when you buy… Not when you sell.”
The important nuance about Bitcoin, according to Kiyosaki, is that everyone would like to have bought BTC when it was only worth $10, “but those days are long gone.”
A week ago, Kiyosaki published a stunning Bitcoin price prediction, revealing that he expects BTC to rise as high as $350,000 by mid-August, or at least sometime in 2024. He admitted that this is not a prediction, but rather his opinion. Kiyosaki also revealed that he continues to buy Bitcoin and “because it is certain that its 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 fiscal policies.
Willy Woo reveals when the Bitcoin bull run will end
Crypto trader and entrepreneur Willy Woo responded to Robert Kiyosaki’s tweet, pointing out that “Bitcoin’s run ends when everyone invests” in it. So far, 4.7% of free capital in the market has been placed into Bitcoin by financial institutions, he tweeted.
Currently, Woo wrote, Bitcoin is winning, and that is, he claimed, “exactly what VCs do for emerging technology.”