InvestorCrypto.net - Renowned author of the best-selling book 'Rich Dad Poor Dad', Robert Kiyosaki, is urging his followers to buy Bitcoin (BTC) on Monday ahead of the halving event in April.
In a Twitter post, the author pledged to buy 10 BTC before the beginning of April due to his belief in the event, which will halve the rate of new BTC production.
"Get Bitcoin While You Can," Says Robert Kiyosaki "If you cannot afford to buy a whole Bitcoin, you may want to consider buying 1/10th of a coin, through a new ETF or Satoshi," wrote Kiyosaki.
"If the Bitcoin process goes according to plan, you may own a whole Bitcoin by the end of this year."
The price of Bitcoin surged over 3.5% to $69,700 on Monday, following the weekend rebound momentum from below $64,000.
This comes after a significant setback in the cryptocurrency market over the past two weeks as the Bitcoin spot ETF, which has proven to be highly successful since its launch in January, experienced an extraordinary outflow of over $800 million last week.
Kiyosaki stated that he expects Bitcoin to reach $100,000 in September – not just because of the ETF, but due to the weakness of the US dollar. With that sentiment, he recommended silver and gold coins as the next best buys for those who "do not like Bitcoin."
"‘Smart money’ knows that the US is the world's largest debtor nation," he said, citing high consumer and small business debt, domestic banking issues, and a world on the "brink of war."
Avoid Cash Bitcoin is often equated with precious metals by its supporters who view the limited supply of 21 million coins as a defense against the devaluation of the US dollar, whose increasing supply would devalue the currency against increasingly scarce assets over time.
Kiyosaki echoed the words of MicroStrategy CEO Michael Saylor, who said in a recent interview that those who save in cash or fiat currency are best labeled as "poor."
"Please start acquiring gold, silver, Bitcoin, if you haven't already," said Kiyosaki. "Please do not be one of the poor people who store fake money."
According to blockchain data, there are currently over 4.5 million Bitcoin addresses holding more than 0.1 BTC, as recommended by Kiyosaki.
This means that one investor can hold their ownership in multiple Bitcoin addresses, and one address can represent the ownership of thousands or millions of investors (e.g. Binance Bitcoin address).
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