Connect with us
Active Currencies 14880
Market Cap $2,227,052,547,215.50
Bitcoin Share 50.92%
24h Market Cap Change $1.39

Bitcoin to $100K in September? ‘Rich Dad, Poor Dad’ author claims…

2min Read

Kiyosaki’s prediction follows his bullish conviction of Bitcoin’s rise to $100K in Q3 2024. 

Robert Kiyosaki on war, 'poor' people, and Bitcoin hitting 100K in 2024

Share this article

  • Kiyosaki aims to buy 10 more Bitcoins before the halving event. 
  • The investor urged his followers to consider Bitcoin as a hedge.

Serial investor and author of Rich Dad, Robert Kiyosaki, seeks to buy an extra 10 Bitcoin [BTC]  to take advantage of the pre-halving discount. 

The king coin has been in a “re-accumulation” phase since the second half of March, consolidating recent losses below $68K. 

Kiyosaki’s move follows his mid-term bullish conviction of BTC price appreciation after the halving event in April, with a Q3 price target of $100K. 

Kiyosaki: Catalysts for possible BTC rally to $100K by Q3 2024

Kiyosaki nudged his 2.5M X (formerly Twitter) followers to consider buying 1/10 of Bitcoin if they can’t afford whole coins. 

Citing post-halving and fundamental risks in traditional global markets, Kiyosaki stated, 

“I expect Bitcoin to be $100K by September 2024.”

To uncover the underlying challenges across traditional markets in advanced economies, the investor expounded; 

“The “smart money” knows the US is the biggest debtor nation in the world; China’s property market is “toast;” Japan has been in a depression since 1990; Germany is sliding into a depression, mom and pop consumers are living on credit cards; banks are in trouble; and the world is on the brink of war.” 

To alleviate and hedge against these risks, Kiyosaki recommended gold, silver, or Bitcoin. However, like Michael Saylor, he cautioned against over-relying on fiat money. 

“Please don’t be a poor person saving fake (fiat) money.” 

Many analysts and key halving cycle theorists have predicted bullish prospects for BTC’s post-halving event in mid-April.

Last week, Standard Chartered raised its end-year BTC prediction by 50%, from $100K to $150K. 

Similarly, Bernstein analysts raised the end-year BTC target from $80K to $90K, citing

“Strong ETF inflows and aggressive miner capacity expansion.” 

Ergo, Kiyosaki’s prediction of $100K by September 2024 is closer to Bernstein’s end-year targets. 

However, an AMBCrypto report established that BTC’s short-term prospects were still bearish. 

At the time of writing, BTC traded at $67.0K with a crucial overhead bearish order block on the 4-hour chart around $66.9K — $67.99K.

If the price moves above this order block, a renewed short-term bullish intention could be apparent. 

Share

Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.