Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

Archives

Robert Kiyosaki: Buy Bitcoin Now, Next Stop Is $50,000

December 15, 2020 at 14:31 by Mark Stevenson

Robert Kiyosaki, the author of the bestselling Rich Dad Poor Dad and entrepreneur has again called for buying Bitcoin (BTC) and predicted the rise in the price of the flagship cryptocurrency.

Kiyosaki advised buying Bitcoin before the price of obe bitcoin exceeds $20,000. The entrepreneur stated that “America is in trouble” and predicted a “bright future” for gold, silver, Bitcoin, and entrepreneurs. He is also convinced that the cryptocurrency will continue to rise to $50,000 amid the influx of institutional money next year.

Read also: Bloomberg: Bitcoin headed for $50,000

As a reminder, NASDAQ listed company, MicroStrategy has purchased Bitcoin as a reserve asset, and holds a total of 40,824 BTC. On December 12, it announced that it had raised another $650 million to make additional Bitcoin purchases.

In addition, the inflow of institutional money is growing. For example, Grayscale Bitcoin investment trusts have surpassed 10 billion dollars in early December. Approximately 70–80% of the customers of trust products are institutional investors and large investors. This growing trend reflects the movement of companies with too much money looking for investment destinations.

What is more, the expansion of individual investors has been greatly affected by the entry of PayPal into crypto services, and some have begun to point out that BTC may be in short supply.

Earlier, Kiyosaki spoke about the future “death” of the US dollar and predicted the rise in the price of Bitcoin to $50,000 within three years.

If you have any questions and comments on Bitcoin today, use the form below to reply.

Leave a Reply

required
required  

Navigation

Menu