NewsletterRich Dad Poor Dad Author Says It’s Time To Buy More Bitcoin and Gold
Highlights
- Robert Kiyosaki projected growth in the Bitcoin market.
- He pointed to institutional demand as a rallying factor for increased prices.
- Bitcoin price has notched upticks in the last 48 hours after periods in the red zone.
Robert Kiyosaki urged users to buy more Bitcoin (BTC) and gold amid recent market upticks. The investor and finance advocate has supported the Bitcoin market with projections of more highs. The asset’s price ticked upwards in the last 24 hours with users anticipating sustained uptrend.
Robert Kiyosaki Goes Bullish on Bitcoin
The popular author projected growth for the crypto market leader pointing to recent institutional inflows. In a recent post on X (formerly Twitter), Kiyosaki compared the chain of market events to a bad hand urging users not to be among the losers.
“BAD HAND Coming: In my previous tweet I stated success comes to those who know how to thrive when dealt a bad hand. The bad hand is being delt now. Millions will lose. Please don’t be one of the losers.”
He further urged users to buy Bitcoin, gold, and silver to turn the bad hand into a good one. Precious metals have been used as a store of values for years with arguments against Bitcoin. Bitcoin bulls opine that the asset has the store-of-value functionality of gold in addition to other benefits. A notable point cited by bulls is the price surge of the asset in the last decade reaching an all-time high above $73,000.
Institutional Flows To Rally Markets
The market activities of traditional investors have boosted the prices of digital assets this year. This is due to the launch of Bitcoin ETFs and subsequent interest in other products. In January, the Securities and Exchange Commission (SEC) approved Bitcoin ETFs leading to huge inflows in the market.
The asset eventually tapped a new all-time high amid eyes on Ethereum and Solana ETFs. Last week, the asset plummeted to lows on the German Bitcoin sale. However mid-week trading has seen a flip in market sentiment with cryptocurrencies picking up gains.
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