Bitcoin to $100K in September? ‘Rich Dad, Poor Dad’ author claims…
Kiyosaki's prediction follows his bullish conviction of Bitcoin's rise to $100K in Q3 2024.
- Kiyosaki aims to buy 10 more Bitcoins before the halving event.
- The investor urged his followers to consider Bitcoin as a hedge.
Serial investor and author of Rich Dad, Robert Kiyosaki, seeks to buy an extra 10 Bitcoin [BTC] to take advantage of the pre-halving discount.
The king coin has been in a “re-accumulation” phase since the second half of March, consolidating recent losses below $68K.
Kiyosaki’s move follows his mid-term bullish conviction of BTC price appreciation after the halving event in April, with a Q3 price target of $100K.
Kiyosaki: Catalysts for possible BTC rally to $100K by Q3 2024
Kiyosaki nudged his 2.5M X (formerly Twitter) followers to consider buying 1/10 of Bitcoin if they can’t afford whole coins.
Citing post-halving and fundamental risks in traditional global markets, Kiyosaki stated,
“I expect Bitcoin to be $100K by September 2024.”
To uncover the underlying challenges across traditional markets in advanced economies, the investor expounded;
“The “smart money” knows the US is the biggest debtor nation in the world; China’s property market is “toast;” Japan has been in a depression since 1990; Germany is sliding into a depression, mom and pop consumers are living on credit cards; banks are in trouble; and the world is on the brink of war.”
To alleviate and hedge against these risks, Kiyosaki recommended gold, silver, or Bitcoin. However, like Michael Saylor, he cautioned against over-relying on fiat money.
“Please don’t be a poor person saving fake (fiat) money.”
Many analysts and key halving cycle theorists have predicted bullish prospects for BTC’s post-halving event in mid-April.
Last week, Standard Chartered raised its end-year BTC prediction by 50%, from $100K to $150K.
Similarly, Bernstein analysts raised the end-year BTC target from $80K to $90K, citing
“Strong ETF inflows and aggressive miner capacity expansion.”
Ergo, Kiyosaki’s prediction of $100K by September 2024 is closer to Bernstein’s end-year targets.
However, an AMBCrypto report established that BTC’s short-term prospects were still bearish.
At the time of writing, BTC traded at $67.0K with a crucial overhead bearish order block on the 4-hour chart around $66.9K — $67.99K.
If the price moves above this order block, a renewed short-term bullish intention could be apparent.
