The author of the book ‘rich dad, poor dad’ has been a famous advocate of cryptocurrency for a while now, and some months back, he predicted that Bitcoin would soon replace gold. He values Bitcoin as a more significant asset when compared to other asset classes. Robert has once again predicted a surge in Bitcoin prices, and he explained that the price change is inevitable due to the change in cryptocurrency buyers.
Many Bitcoin advocates have analyzed the charts and that the coming of a new all-new high will emerge. The cryptocurrency’s volatility might be beneficial in that regard to old investors who will sell the assets far higher than the buying price.
Robert Kiyosaki opines that institutional buyers will cause the surge
The renowned writer believes that the massive entry of new institutional buyers will make the change unavoidable. He shared on his Twitter page recently that he was delighted he bought Bitcoin and that the digital asset will soon hit an all-new high due to the presence of high net worth individuals rushing to invest in the most valuable cryptocurrency in the world.
He advised investors to buy the digital asset below $20,000 because the price will soon skyrocket to the predicted $50,000, according to the author. Robert also encouraged silver, gold and Bitcoin investors mainly because of the AOC’s green deal, and he believes buying Bitcoin is good at this point because of the failing American economy.
The cryptocurrency recently saw a sudden fall in prices which made it struggle to pass some resistance point. But presently, the digital asset is selling slightly above $19,000, and this has brought some normalcy back into the crypto space.
The fall was unexpected, and it brought much panic, but due to the volatility of the currency, old investors are confident that prices will stabilize even after its fall. With the price tag above $19,000, there is a likelihood that the new price tag will close the week. Crypto enthusiasts are also anticipating Bitcoin’s victory pass the $20,000 resistance price line to beat the 2017’s price record.
Why Bitcoin might reach its all-time high
Some experts have predicted that there is a high possibility that the old all-high price line might be broken on the same date as three years ago. With just a few days to Dec 17, which marks the date where Bitcoin reached its highest price years back, Investors are on the watch to let the prediction unfold. The finance writer, through his top-rated book, sees great value to financial literacy and making the right investments, particularly in purchasing some valuable assets like gold or Bitcoin.
He recently predicted inflation in America, mainly because of the global pandemic and advised individuals to purchase assets with their money to sustain its value. The author explained that Bitcoin is going to the moon, and that is why it is a good investment along with silver and gold. He foresees a promising future for the valuables and urged the public in making wise financial decisions.
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