👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

'Rich Dad Poor Dad' Author Kiyosaki Delivers Epic 'Buy Bitcoin or Bye-Bye' Line

Published 2024-10-23, 09:25 a/m
© Reuters \'Rich Dad Poor Dad\' Author Kiyosaki Delivers Epic \'Buy Bitcoin or Bye-Bye\' Line
BTC/USD
-

U.Today - Despite the fact that the price of Bitcoin (BTC) is turning red and dragging the entire cryptocurrency market with it, some of the proponents of the "digital gold" are undaunted in their urge to buy BTC. One of them is Robert Kiyosaki, the famous author of the business bestseller "Rich Dad Poor Dad."

The author just delivered a new epic statement on his X (formerly Twitter), where he straightforwardly stated that the time to buy more Bitcoin or say goodbye to such an opportunity at current prices is now.

As a focal point of Kiyosaki's statement is the so-called "Uptober," as the month of October is commonly called by crypto enthusiasts. Due to the history of major price appreciation in the 10th month of the year throughout the life period of the cryptocurrency market, it indeed often showed a bullish October.

And indeed, since the beginning of the month, the price of Bitcoin soared more than 5.1% and reached a multi-month high above $69,500.

On the other hand, the rest of the cryptocurrency market literally did not move in those 23 days, according to the TOTAL2 index, which tracks alternative digital assets.

But we are talking about Bitcoin, and despite not beating its all-time high and overall chop performance, it is still "Uptober" for the main cryptocurrency. Having said that, Kiyosaki's vision becomes clearer.

Previously, the prominent author predicted that Bitcoin will reach at least $100,000 by the end of the year. Next, according to him, BTC will be up to $1 million in 2025.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.