Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, believes that Bitcoin is a “bargain” today. The world’s largest cryptocurrency has not seen a great return on investment over the past few months, however, Mr. Kiyosaki encourages investors to look at the recent weakness as an opportunity to build a position in the “future” at a discount.
At present, Bitcoin is trading at $26,900 versus its year-to-date high of $31,500 in mid-July. Pseudonymous crypto analyst PlanB is more optimistic, predicting BTC could hit $100,000 in about two years and speculating it could eventually be worth $1.0 million.
Certain events could help propel the price of Bitcoin in the near to medium term, such as the potential approval of an exchange-traded fund, and the halving event scheduled for April or May of 2024. Meanwhile, Santiment – a crypto analytics platform – has reported an increase in Bitcoin’s on-chain activity to levels not seen since April.
As the potential for Bitcoin continues to grow, investors should consider the recent dip in price as an opportunity to invest in the digital asset.
