Bitcoin
Rich Dad Poor Dad Author Says It’s Time to Buy More Bitcoin and Gold
Robert Kiyosaki urged users to buy more Bitcoin (BTC) and gold amid recent market rallies. The investor and financial advocate backed the Bitcoin market with projections for further upside. The asset’s price has surged in the past 24 hours, with users anticipating a sustained uptrend.
Robert Kiyosaki Goes Bullish on Bitcoin
The popular author has projected growth for the cryptocurrency market leader by pointing to recent institutional inflows. In a recent post on X (formerly Twitter), Kiyosaki compared the chain of market events to a bad hand, urging users not to be among the losers.
“BAD HAND COMING: In my previous tweet, I said that success comes to those who know how to thrive when dealt a bad hand. The bad hand is being dealt now. Millions will lose. Please don’t be one of the losers.”
He further urged users to buy Bitcoin, gold, and silver to turn a bad hand into a good one. Precious metals have been used as a store of value for years with arguments against Bitcoin. Bitcoin bulls opine that the asset has the store of value functionality of gold, in addition to other benefits. One notable point cited by the bulls is the rise in the asset’s price over the past decade, reaching an all-time high above $73,000.
Institutional flows to recovery markets
Market activity by traditional investors has driven digital asset prices this year. This is due to the launch of Bitcoin ETFs and subsequent interest in other products. In January, the Securities and Exchange Commission (SEC) approved Bitcoin ETFs, leading to massive inflows into the market.
The asset has finally hit a new all-time high amid eyes on Ethereum and Solana ETFs. Last week, the asset plunged to lows in the German Bitcoin selloff. However, midweek trading saw a turnaround in market sentiment as cryptocurrencies recovered gains.
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David is a financial news contributor with 4 years of experience in Blockchain Technology and Cryptocurrency. He is keen on learning about emerging technologies and has an eye for breaking news. Keeping up with the trends, David has reported on various niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horse riding.