- Kiyosaki aims to buy 10 more Bitcoins before the halving.
- The investor urged his followers to consider Bitcoin as a hedge.
Serial investor and author of Rich Dad, Robert Kiyosaki, wants to buy 10 more Bitcoin [BTC] to take advantage of the pre-halving discount.
The King Coin has been in a ‘reaccumulation phase’ since the second half of March, consolidating recent losses below $68,000.
Kiyosaki’s move follows his medium-term bullish belief of BTC’s price appreciation following the April halving, with a third-quarter price target of $100,000.
Kiyosaki: Catalyst for a Possible BTC Rally to $100,000 in Q3 2024
Kiyosaki bumped his 2.5 MX (formerly Twitter) followers are considering 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 reach $100,000 by September 2024.”
To expose the underlying challenges in traditional markets in advanced economies, the investor explained;
“The ‘smart money’ knows that the US is the largest debtor country in the world; The Chinese real estate market is “toast;” Japan has been in a depression since 1990; Germany slides into depression, mothers and children consumers live 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. But like Michael Saylor, he cautioned against relying too much on fiat money.
“Please don’t be a poor person who saves fake money (fiat).”
Many analysts and major halving cycle theorists have predicted a bullish outlook for BTC’s post-halving in mid-April.
Last week, Standard Chartered increased its year-end BTC forecast by 50%, from $100,000 to $150,000.
Similarly, Bernstein analysts raised the year-end BTC target from $80,000 to $90,000
“Strong ETF inflows and aggressive mining capacity expansion.”
Ergo, Kiyosaki’s forecast of $100,000 by September 2024 is closer to Bernstein’s year-end targets.
However, an AMBCrypto report found that BTC’s short-term outlook was still bearish.
At the time of writing, BTC was trading 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, renewed bullish intent could be evident in the near term.