Cryptocurrency

Bitcoin SV

Silver

Bitcoin

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 <p class="paragraph">As the week has opened with bullish sentiment on the general cryptocurrency market, its representative asset, Bitcoin (BTC), has finally surpassed the critical psychological level at $30,000, and famous investor Robert Kiyosaki believes it could increase 350% soon.</p>
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 <p class="paragraph">Specifically, the renowned author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’</em> shared his insights on the future prices of Bitcoin, gold, and silver, arguing that the “next stop” for Bitcoin is $135,000 while urging his followers to tell their friends to “wake up” in an X post shared on October 20.</p>
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    <p lang="en" dir="ltr">Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700. Bitcoin testing $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce. Savers of fake dollars F’d. Please tell your friends to “Wake up.”…</p>— Robert Kiyosaki (@theRealKiyosaki) October 20, 2023
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 <h2 class="wp-block-heading" id="h-dca-ing-bitcoin">DCA-ing Bitcoin</h2>
 <p class="paragraph">Meanwhile, Kiyosaki more recently praised dollar-cost averaging as the ideal investment strategy for the above assets, pointing out that gold had dropped by $10 and silver by $0.14 today and that he had been accumulating the precious metals and his other favorite assets, including Bitcoin, for years:</p>
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  <p class="paragraph">“Rather than pretend to be Warren Buffet picking bottoms I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, BC, and real estate for years. (…) You can become rich by being an average investor, using dollar cost averaging to get rich.”</p>
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 <p class="paragraph">Indeed, using the DCA method by, for instance, investing about $100 in Bitcoin roughly once a month in the last five years (between October 23, 2018, and October 23, 2023) would be a profitable strategy, as the $6,000 investment spread this way would today be worth $14,122.96 or 135.38% more than the amount invested.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/6RRHUszpVhgh8p7nBXwT84lIg3EeE9SbPa7gT-5-STQ41F89mR37V963btEKGUphFAgplmCDHGEnGu1segpt8LXeXSy448dG29e7cmcny8ktwnhh0L2reX8OYVjq5SZriKnOhBnVlaWKGPB8zpFizgo" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin monthly $100 dollar-cost averaging. Source: </em><em>cryptoDCA</em>
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">As things stand, Bitcoin was at press time changing hands at the price of $30,577, which represents an increase of 2.31% in the last 24 hours, as well as an advance of 9.72% across the previous seven days and a gain of as much as 15% on its monthly chart, as per data on October 23.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/MNH2NRYZuASVEOGceA6kw10OQRLDftVOOTC0mncAKIeZ4vY3Y7d3tw-CWgi_8cFwrjDH9sBqvodEu5VscKsKIxXPOhDvQAVn3PsmV6GyCCh2FzX9tVqdIR5W-Zb5-mm7HFWSwTZxQUCb_WAuVVwVyjA" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, time will tell whether the maiden crypto asset will truly reach Kiyosaki’s predicted price of $135,000 and when, but the finance educator remains certain of its massive increase soon, earlier forecasting it at $1 million if the world economy crashed, as Finbold reported back in August.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rich-dad-r-kiyosaki-next-stop-for-bitcoin-135-000-tbt67365.html">https://thebittimes.com/rich-dad-r-kiyosaki-next-stop-for-bitcoin-135-000-tbt67365.html</a></p>

‘Rich Dad’ R. Kiyosaki: Next stop for Bitcoin $135,000

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