Robert Kiyosaki Advocates for Bitcoin Investment and Predicts Price Increase

According to CryptoPotato, Robert Kiyosaki, the author of the best-seller 'Rich Dad, Poor Dad,' is a vocal proponent of Bitcoin (BTC) and a HODLer. He recently revealed plans to purchase 10 more BTC this month, worth approximately $670,000 at current rates, due to the upcoming halving event. Kiyosaki suggests that those who can't afford to buy a whole BTC should consider buying 1/10 of a coin via new ETFs or Satoshi's. He believes that if the Bitcoin process works as designed, investors may own a whole Bitcoin by the end of this year. The halving event, which occurs roughly every four years, reduces the rewards miners receive for adding new blocks to the network by half, thus slowing the production of new coins. This event has historically been followed by a massive resurgence of the entire cryptocurrency market. Kiyosaki predicts that Bitcoin's price could reach $100,000 by September this year and potentially skyrocket to $300,000 by the end of 2024. In addition to the approaching halving, other factors could contribute to a future rally for Bitcoin. A possible pivot from the Federal Reserve on its anti-inflationary policy, such as reducing interest rates, could increase investors' interest in riskier assets, including cryptocurrencies, and play a role in a price surge. The benchmark interest rate currently remains unchanged at 5.25%-5.50%.

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