“Buy As Many Bitcoin As You Can Afford,” Says Rich Dad, Poor Dad Author

Bitcoin (BTC) is down again today after Thursday’s surge. Sitting at $64,511 (BTC/USD, Bitcoin has fallen 3.86%.

As the price drops, the author of Rich Dad, Poor Dad, Robert Kiyosaki, says to buy as much bitcoin as possible. He also advises buying gold and silver, as he expects these commodities to become even more valuable very soon.

There are a number of analysts telling people to buy the dip and purchase Bitcoin while it is down. They expect the decline today to be very short term and anticipate Bitcoin skyrocketing past the previous all-time high to create new records.

When Will We See $100k for Bitcoin?

Like many others in the financial sphere, Kiyosaki expects Bitcoin to reach $100,000 by June this year. There were estimates that the coin would achieve that milestone by the time the halving event occurs in April, but that does not seem likely any longer. Bitcoin has done a lot of backtracking in the last week, which may hurt its chances at going as high as expected before halving.

Can Bitcoin still reach $150,000 by the end of the year? That is still a possibility, but it cannot spend too much time in retracement between now and the end of the year for that to happen.

Bitcoin has seen a major drop off in trade volume with those numbers falling 25% over the last day. Many investors are still timid on Bitcoin after the recent bear trend, and the coin may have to go bullish for a couple days in a row before many of them climb back on onboard. The whales are propping up the coin for now, buying up tons of bitcoins as the price drops and they expect it to recover.

The recent drop was attributed to poor inflation numbers, and now that those are more than a week behind us, Bitcoin has the potential to go very high very quickly.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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