Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has once again urged his followers to consider Bitcoin (BTC) — and not in anticipation of a spot ETF approval.
In a post to X on Wednesday, the real estate investor urged his followers to “pay attention.” [the] “Bitcoin halving” in the next three months ahead of its expected arrival in April.
Bitcoin is for rich friends
The Bitcoin halving occurs approximately every four years and permanently halves the rate of issuance of new BTC on the blockchain. Historically, the three halvings in Bitcoin's history have been followed by record-breaking bull markets, leading to new all-time highs the following year.
“Please pay attention to the Bitcoin, gold and silver halvings in January, February and March,” Kiyosaki warned, adding that followers should “choose their friends carefully.”
Kiyosaki often mentions Bitcoin, silver and gold in the same sentence: all of which are scarce assets that are difficult to “mine,” as opposed to printable cash that the government uses to “steal our wealth,” as the investor did last month said.
At the time, Kiyosaki warned his followers to buy all three assets and be prepared for their friends and family to laugh at them for doing so. In his post on Wednesday, he made further comments about wealth and friends, adding:
“One reason the poor and middle class stay poor is because they have bad friends and family. If you want to be rich, it’s important to have rich friends, or at least friends who want to be rich.”
Bitcoin Halving Promise
Investment banks such as Standard Chartered and Bernstein have also cited the halving as a likely trigger for a significant price increase over the next two years. The former expects BTC to reach $100,000 by the end of 2024, while the latter aims for Bitcoin to reach $150,000 by mid-2025.
Other analysts are more skeptical about the halving having any significant impact on Bitcoin's price, attributing the asset's “four-year cycles” to macroeconomic factors rather than a hypothetical halving-induced supply shock.
“It is an asset like any other, taking into account liquidity and credit conditions, the cost of money and economic flow,” price analyst TXMC wrote in September.
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