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- According to Robert Kiyosaki, investors must find a way to include Bitcoin in their asset portfolio, as the “biggest mistake you can make is to procrastinate.”
- The author of ‘Rich Dad, Poor Dad’ predicts Bitcoin will hit $300,000 this year, in line with his bullish predictions for the world’s largest crypto in recent years.
The biggest mistake any investor can make today is to put off purchasing Bitcoin, even if they just invest a small portion of their overall portfolio. This is according to Robert Kiyosaki, a renowned author and financial pundit, who says Bitcoin is set to gain fivefold before the year ends.
Kiyosaki, who broke into the limelight as the author of the massively popular personal finance book ‘Rich Dad, Poor Dad,’ has been a vocal Bitcoin fan for years. Earlier this year, he predicted Bitcoin would hit $150,000, as Crypto News Flash reported at the time.
This week, he has doubled his predicted price, projecting that the top crypto would skyrocket to $300,000. He told his 2.5 million X followers that ‘Bitcoin is on fire’ and that the biggest mistake they can make is to procrastinate on BTC investment.
According to Kiyosaki, the most important thing is to start today, even if an investor puts in just $500.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024
— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
Bitcoin has been on a wild run this year. The crypto started the year at $42,000, but following the SEC’s approval of spot ETFs, it surged to retest its all-time high north of $69,000. It trades at $67,662 at press time, gaining 1.11% on the day and 8.8% for the week. Its trading volume has cooled down, settling at $41.2 billion for the past day, a 25% dip. The top crypto’s market cap is $1.328 trillion, bigger than Facebook’s parent company, Meta—only six companies globally are bigger.
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Invest in Bitcoin, Kiyosaki Says
Since the fourth quarter of last year, cryptocurrencies have been on a bullish rally, and Bitcoin has been among the standouts. The top crypto was trading around $25,000 as of September last year. Since then, it has shot up by 170%, and analysts believe it still has higher heights to climb.
Kiyosaki has continued to advise investors to put their money in Bitcoin. With spot ETFs now trading in the US, even the most sophisticated investors have no excuse not to put the top crypto in their portfolios,
According to Ark Invest, the investment firm run by Cathie Wood, investors should put at least 19.4% of their portfolio in Bitcoin for optimal returns. As CNF reported, Ark’s Big Ideas report a month ago revealed just how far BTC has come—in the first-ever report, Ark recommended an allocation of just 0.5%.
With the ETFs now factored into BTC’s price, the next big event for the crypto is the halving, which is due in 41 days. As captured by Jason Williams, the author of “Bitcoin—Hard Money You Can’t F*ck With,” the halving makes BTC “the hardest money in the history of humanity.”
40 days to the #Bitcoin halvening when BTC inflation drops to less than half that of gold.
That makes #Bitcoin the hardest money in the history of humanity. Buckle up. Fuck with it. pic.twitter.com/FuwAQ8Eyxz
— Jason A. Williams (@GoingParabolic) March 8, 2024
