U.Today – Financial educator and renowned author of the popular financial management book “Rich Dad Poor Dad” Robert Kiyosaki published a tweet on , in which he presented a bullish price forecast and revealed the main nuances regarding BTC.
Trader and entrepreneur Willy Woo entered into a dialogue with Kiyosaki, revealing a key sign of when Bitcoin will stop rising. Bitcoin is winning so far, he says.
“Bitcoin is not as high as expected”
In his tweet, Kiyosaki confessed to feeling frustrated when he starts encouraging people around him to buy Bitcoin because of the “lame excuses” he receives in return. According to him, the most common reason why people find it tough to follow his advice is that they consider BTC too exorbitant.
The world’s flagship cryptocurrency is indeed currently trading high. Kiyosaki, however, believes he will rise even higher: “And he is tall… though not as tall as he intends to be.”
Kiyosaki quoted his mentioned book here, stating that “Your profit is made when you buy… Not when you sell.”
According to Kiyosaki, an essential nuance about Bitcoin is that everyone regrets not buying BTC when it was worth just $10, “but those days are long gone.”
A week ago, Kiyosaki released a stunning Bitcoin price prediction, revealing that he expects BTC to skyrocket to $350,000 by mid-August or at least at some point in 2024. However, he admitted that this is not a prediction, but his opinion. Kiyosaki also revealed that he continues to buy Bitcoins and “because it is quite certain that their prices will continue to increase.”
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 Bitcoin’s streak will end
Cryptocurrency 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 on the market has been invested in Bitcoin by financial institutions, he wrote on Twitter.
Currently, Woo wrote, Bitcoin is winning and said it’s “exactly what VCs are doing for emerging technologies,” he wrote.
