Kiyosaki’s trumpeted Bitcoin tenfold growth: Obvious or overblown?

One may believe that making bold statements pointing at some of the most influential personalities in the financial and political sphere is a thing of the gutsiest ones or those who couldn’t care less about backlash in an attempt to be shut off or ostracized. Yet, best-seller “Rich Dad, Poor Dad” author Robert Kiyosaki makes an unequaled exception to such an unwritten rule, having tackled some of the most sensitive topics to date in his writings or in podcasts where he’s featured.

The hype following his latest publications or appearances is overdue. Now, the acclaimed author has officially shared his deepest and best-researched insights on Bitcoin, the hottest cryptocurrency that’s been making all the headlines in the past months. And now everyone, from those looking to break into crypto to those learning to buy BTC and to the most seasoned investors, is taking the time to explore the prophecy of one of the most distinguished authors and crypto investors alike. Similarly, fresh thoughts and opinions emerge and make it almost impossible for an investor not to engage themselves in these matters, whether their involvement takes the form of an investment or a guessing game.

Whether you’re a rookie or an old-timer to Bitcoin, you’ve likely contemplated amassing some not to be left out when everyone’s cashing out big profits. The past few days saw Bitcoin’s price exploding again and according to data from Binance, numerous new accounts have been set up as of late. Robert Kiyosaki has recently disclosed intent to invest in 10 Bitcoins, suggesting that he may end the year with a tenfold investment value. Since Bitcoin has been consistently booking records lately and coquetting with a $75K ATH, what are the chances that Robert’s vision turned fictitious?

When things are going south, turn the tide

When your investment isn’t working in your favor, the best thing you can do to turn the tide is simply look elsewhere, as per the author’s statements. This seems quite paradoxical, considering that most things in life work the other way around, correct?

Ever since the first Bitcoin investors registered their first phantasmagoric ROIs, a theory that swears by portfolio diversification as the key to weathering unforeseeable storms has thrived. Investors promote the act of spreading capital over several assets in order to minimize the imminent loss risks, which is a lesson that you may already be familiar with if you’ve been hit with the advice of not putting all your eggs in one basket. The same principle also applies to Bitcoin in the opinion of the crypto connoisseur, who recommends investors diversify through other assets such as the precious metals gold and silver, all the more when the current dire economic landscape shows signs of worsening instead of bettering, with property market crashes and debt crises.

It’s not only the Bitcoin supporter that abides by this tacit rule but industry-adept Andy Schectman, too. Kiyosaki has cited insights from the former, who underscored the wakening silver supply and the likelihood of the metal rising in value, additionally pointing out Bitcoin as an important tool to safeguard wealth.

Always conduct your due diligence

What’s easy to see everywhere you may look for advice is that you need to equip yourself with actual, up-to-date data before exploring investors’ prophecies and making up your mind on your next portfolio management move. Investing in crypto has become a commonality in recent years, and the trends depict a growing tendency in this regard, especially in the context of the approaching Bitcoin halving.

A large part of investors have already bought the crypto at bargain prices or before resurging and have now rejoiced over big winnings. A portion of investors who preferred to cash out while profits were guaranteed have already acted on their wishes. And similarly, a weighty enough faction of Bitcoin owners is waiting for the jackpot that crypto tacklers like Kiyosaki bet on. For you may never know what the next day brings for crypto, it’s equally safe to recognize that no one’s opinion should be your opinion. You need to study the sector thoroughly if you want to invest big lumps of money in the reigning crypto or any other digital currency. Never invest so much that you would be left bankrupt if the scenario didn’t turn in your favor. That is, if you’re a reader, hop on some of the most famous books on crypto. Conversely, listen to trustworthy, reliable experts in the field if podcasts are your best tutor.

There’s an emphasis on preparation

The current and future economic landscape is of great concern for everyone, and fear is a common sentiment among many of the deep thinkers. However, it’s safe to say that while the future remains unpredictable and dire situations unstoppable from their tracks, the intelligent thing left is to seek cushions for existing capital.

Kiyosaki encouraged his followers on X to not fear the future but to prepare for it. According to the financial guru, debt in the U.S. is rising by $1TN every three months and asks for swift and intelligent action, the latter of which takes the form of savvy investments. Bitcoin, silver, and gold seem to be safe venues for investors, for some are only rising in value while others are becoming scarce, among other reasons. Bitcoin’s quadrennial halving that contributes to the asset’s scarcity is right around the corner, potentially leading the asset to new peaks if demand remains as high as it is today and even better if it grows.

The impact of the current tremendous debt profile is as daunting as it can be, but there seem to be economic indicators pointing to employment growth and inflationary slump. For no one knows what’s being cooked in the oven, caution and preparation are the investor’s best long-term friends, so bear this in mind!

Exciting target on Bitcoin’s price, as the author indicates

Bitcoin’s current massive spike and a plethora of other factors have led the author and financial expert to bet on a breached threshold as high as $300,000 by the year’s finale, indicating a tenfold growth.

The writer’s persistent call resembles that of many other crypto gurus who think the asset will grow tremendously. As the asset has broken above $70,000 and established a new record and given the massive activity registered by the top BTC ETF issuers, investors’ predictions regarding the asset have improved considerably.

Bottom line

According to Kiyosaki, traditional fiat currency may fade, and pre-investments in Bitcoin will cushion, if not reward, those quick-on-the-uptake and future-oriented investors when the scenario starts materializing. Yet, what’s your stance on Bitcoin’s future and the faith of digital versus traditional money?

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.