Becoming a millionaire is undoubtedly a dream that several investors aim to achieve. While some follow an array of strategies, a few put all their eggs into one basket. Nevertheless, renowned financial author Robert Kiyosaki revealed an investment tool that is the most accessible way to achieve millionaire status. The author highlighted the simplicity and potential of investing in Bitcoin [BTC] when compared to the traditional path.
The “Rich Dad Poor Dad” author has time and again shared predictions about Bitcoin with his X followers. More recently, he forecast that Bitcoin could rise to a high of $350,000 by August 2024. Even though his predictions are far-fetched, it instills a sense of optimism in the market. On June 11 he tweeted,
The above statement reflects the author’s enduring admiration for Bitcoin. Kiyosaki believes that the king coin will skyrocket. Additionally, he also echoed ARK Invest’s Cathie Wood’s optimistic projection that Bitcoin could eventually reach a staggering $2.3 million. At press time, BTC was trading at $66,675.62, following a 4.64% daily drop. The asset noted an 11% rise over the past month.
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It should be noted that Kiyosaki’s bullish outlook on Bitcoin is part of his broader investment strategy. He has also advised his followers to accumulate the assets. This includes precious metals like gold and silver. The author believes that these are a prominent safeguard against inflation, mounting debt and the overall volatility of the financial market.
Additionally, Kiyosaki’s latest endorsement of BTC notes the growing belief among investors. Bitcoin, in this case, proves to be much more than a hedge against economic uncertainty. The author highlights the significant opportunity for wealth creation as well.