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Robert Kiyosaki, whose Rich Dad Poor Dad is known around the world for promoting solid asset investments like precious metals, real estate and entrepreneurship, is no stranger to investing in solid assets. However, his recent focus on cryptocurrency, specifically Bitcoin (CRYPTO: Financial markets have taken notice of the BTC.
A few days ago, Kiyosaki had projected a positive take on Bitcoin, estimating the price to hit $350,000 per coin by 2025. That wasn’t such long ago; just two weeks ago, in fact, he doubled down on this ambitious price target, putting $175,000 to $350,000 in 2024 as a range. Bitcoin would have to surge between 89% to 278% even to come close to making these projections.
Bitcoin’s Fourth Halving in April 2024: A Key Driver for Price Momentum
There are a number of key factors as to why BTC has seen momentum in recent prices. Bitcoin’s fourth “halving” took place in April 2024, a process that halves the rewards of miners for creating new coins. Halvings basically create a downward spiral, which reduces mining costs while also making it more difficult to mine new Bitcoins.
Looking historically, the price of BTC rallied 9 months to 12 months after each halving cycle, so there may yet be price upside in this cycle. Regulatory approval in January 2024 for 11 BTC exchange-traded funds (ETFs) overall added extra juice to the cryptocurrency’s accessibility.
ETFs like the iShares BTC Trust (NASDAQ: Both IBIT and ARK 21Shares BTC ETF (NYSEMKT ARKB) make it possible for investors to purchase now shares tied to Bitcoin’s real-time price. This will then allow traditional investors, such as banks and financial advisors, to join the cryptocurrency market without the need for specialized accounts.
Both the ARK 21Shares BTC ETF and iShares variant were trading just north of $97.27 and $55.37 per share. For every pound of your money that goes into BTC today, the $128 trillion managed by major financial institutions globally, even a little change like that would affect its price dramatically because it drives demand.
Kiyosaki’s Influence on Public Curiosity About Bitcoin
BTC is becoming a publicizer of increasingly rosy projections of Kiyosaki. The BTC accounts around the world today have some 106 million users, which is a drop in the ocean. Since then, BTC’s daily transaction volume has been 400,000, but its real-world usage is limited right now.
However, as BTC is increasingly adopted for larger transactions, its capped supply and increasing use are a double whammy for price increases. Kiyosaki’s endorsements will certainly help it get some media attention that may, in turn, heighten the public’s curiosity and bring in new users.
BTC’s future remains unknown, but its combination of limited supply, growing tamper proofness via ETFs, and increasing public interest could see massive price movement. While magic happens only when figures are disclosed when the target becomes a reality and remains to be seen, the cryptocurrency market is in a pivotal phase.
Conclusion
The projections from Kiyosaki for Bitcoin show how it’s likely to grow in the future with catalysts such as halvings, ETFs, and growing public interest. If Bitcoin adoption continues as it has been, one could see massive gains in the Bitcoin price over the next few years.
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FAQs
Why does Kiyosaki recommend Bitcoin?
Bitcoin can reach $350,000 by 2025 as BTC’s limited supply, wider adoption and institutional interest will dominate, said Kiyosaki.
How does Bitcoin’s halving impact its price?
Historically, halving reduces BTC rewards which in turn has resulted in price increases 9-12 months later thanks to reduced coin supply.
What do Bitcoin ETFs mean for investors?
BTC ETFs allow traditional investors to access BTC easily, boosting demand and potentially driving up its price.
How does public interest affect Bitcoin’s price?
As BTC is used more and gains media attention, its limited supply and growing adoption can push its price higher.
