Best-Selling Author Sees Bitcoin Price Soar to $2.3 Million Amid Market Uncertainty

Robert Kiyosaki, author of the best-selling personal finance book “Rich Dad Poor Dad,” has reiterated his optimistic outlook on Bitcoin, predicting a price surge to $2.3 million per BTC.

Kiyosaki, citing a forecast by Ark Invest CEO Cathie Wood, expressed his trust in her expertise and the potential for Bitcoin’s value to reach such heights. He emphasized that regardless of the exact price prediction, individuals should consider their own investment strategies and Bitcoin holdings.

This bullish stance on Bitcoin comes hand-in-hand with Kiyosaki’s repeated warnings about a looming crash in traditional markets after he expressed concern about a potential bubble encompassing stocks, bonds, and real estate, coupled with rising U.S. debt and the possibility of national bankruptcy.

Kiyosaki has consistently advocated for alternative assets like Bitcoin, gold, and silver as hedges against inflation and a weakening U.S. dollar. He views Bitcoin as a “flight to safety” option in the current economic climate.

Kathie Wood quarantees Bitcoin will hit $2.3 million per BTC. Do I believe her? Yes I do. Kathie Wood is very smart. I trust her opinion. Could she be wrong? Yes. She could be. So what? The more important question is “ What do you believe?” What if Kathie is right? What if…

— Robert Kiyosaki (@theRealKiyosaki) April 11, 2024

These predictions come on the heels of Kiyosaki’s earlier forecasts for Bitcoin, including a $100,000 price target by September 2023 and a $300,000 mark sometime this year. The best-selling author has earlier this year revealed that he owns 66 Bitcoins.

As CryptoGlobe reported, Kiyosaki has in the past suggested that the price of bitcoin is going to move up to more than $1.2 million over the next few years, while still advocating for gold and silver, which he said are “God’s money.”

Kiyosaki’s words come as spot Bitcoin exchange-traded funds (ETFs) have kept on attracting investor inflows over this past week, with data showing that total inflows reached $91.3 million on April 11, led by BlackRock’s iShares Bitcoin Trust (IBIT), whose total net inflows now top $15 billion.

According to data shared by BitMEX Research, the spot Bitcoin ETF offered by the world’s largest asset manager saw a significant inflow of $192.1 million on April 11, the largest daily inflow since April 5. The fund has average daily inflows of $240.4 million since it was first launched.

Featured image via Unsplash.

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