Rich Dad Author Declares Bitcoin Buying Spree Before Halving

Over the last weekend, the world’s largest cryptocurrency Bitcoin (BTC) witnessed some momentum building up moving up 5% going all the way to $67,500. As we approach the Bitcoin halving in three weeks from now, investors have started building up positions.

Robert Kiyosaki Plans to Increase Bitcoin Holdings

Renowned investor and author Robert Kiyosaki has announced his intention to purchase an additional 10 Bitcoin before April, citing the upcoming halving event as his primary motivation. Kiyosaki emphasized the significance of the “Halving,” indicating his bullish outlook on Bitcoin’s future prospects.

Kiyosaki advised individuals who cannot afford to purchase a whole Bitcoin to consider buying fractions of the cryptocurrency, such as 1/10 of a coin, through newly available Exchange-Traded Funds (ETFs) or Satoshi’s. This suggestion aligns with his belief that owning Bitcoin, even in smaller increments, could yield significant returns over time.

Reflecting on the potential impact of Bitcoin’s design, Kiyosaki expressed optimism that investors might accumulate a whole Bitcoin by the end of the year if the cryptocurrency’s process operates as intended.

In addition to his immediate plans to increase his Bitcoin holdings, Kiyosaki shared his long-term price prediction for Bitcoin, foreseeing its value reaching $100,000 by September 2024. Kiyosaki has also advised his followers to increase their exposure to gold and silver, in addition to Bitcoin.

BTC Nears Super Cycle Entry

In recent weeks, Bitcoin has surged past its all-time high (ATH) and is currently consolidating near this peak, signaling a crucial phase in its price trajectory. Analysts emphasize the importance of this period, highlighting the need for patience as Bitcoin builds support in the ATH region before potentially entering a super cycle.

Notably, experts predict that Bitcoin will remain in the vicinity of the ATH for several weeks, laying the groundwork for sustained growth and the onset of a super cycle. This forecast aligns with observations of previous ATH breakouts, which typically involve weeks of sideways movement and consolidation before the next significant price surge. As the sentiment around Bitcoin builds up once again, the Bitcoin mining difficulty has also touched its all-time high.

Analysts point to key resistance levels, with confirmation anticipated at the $72,500 mark before Bitcoin’s ascent to new highs above $70,000. Despite the need for patience, market sentiment remains overwhelmingly bullish, fueled by the cryptocurrency’s resilience and ongoing institutional interest.

However, investors must remain vigilant, as recent market activity has seen selling pressure from institutions like Grayscale.