‘Rich Dad, Poor Dad’ Author: Don’t Wait to Invest in Bitcoin

Robert Kiyosaki, author of the best-selling book ‘Rich Dad Poor Dad,’ has urged people not to sleep on Bitcoin. The author, who has sold tens of millions of copies of his books in over a hundred countries gave his 2.5 million followers on X some profound advice, saying:

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Earlier in February he said the price of BTC will reach USD $100k by June and in 2023 he said the price will reach USD $500k by end of 2025. Kiyosaki is bullish on Bitcoin, gold and silver and a staunch critic of the US Fed (Federal Reserve).

He believes that the Fed has negatively impacted the economy by harming the poor and middle class while favouring wealthy bankers through bailouts.

The writer’s comments come amid the backdrop of Bitcoin moving more or less sideways for the past two days as it recovered from an 11% correction post new all-time highs on March 6.

Meanwhile, the ‘Fear & Greed Index’ has returned to Extreme Greed, indicating the frothiness of the market. At the time of writing, Bitcoin is trading at USD $67,116 (AUD $101,342), up 1.55% in the past 24 hours.

Most analysts believe the gains come due to the recent Spot Bitcoin ETF approvals in the United States. Since the Securities and Exchange Commission (SEC) gave its nod of approval on January 11, Bitcoin’s price has increased by 50%.

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Now the industry is looking to the next highlights: the Bitcoin halving, which is anticipated for April 15 and a decision on Spot Ethereum ETFs by the SEC by May 23.

The SEC has once again delayed a decision on BlackRock and Fidelity, for the second time—a move not unexpected from Gary Gensler and his troupe.