Cryptocurrency

2024

Wolf of Wall Street

<div class="finbold">
 <p class="paragraph">A major and long-standing dissenting voice to the current broad sentiment that 2024 will be a strong year for the market has been Robert Kiyosaki – a prominent investor and author of the best-selling personal finance book, “<em>Rich Dad Poor Dad</em>.”&nbsp;</p>
 <div></div>
 <p class="paragraph">For a long time, Kiyosaki has been warning that there are numerous factors that could lead to a deepening of the financial crisis and put the majority of the people into ever-greater economic hardships.</p>
 <p class="paragraph">In an X post on January 4, 2024, Kiyosaki took a slightly different approach to his standard warnings of looming danger and instead pointed out that there are several major opportunities for savvy investors coming as early as the spring of this year.&nbsp;</p>
 <p class="paragraph">In the tweet, the author urged his followers to closely monitor Bitcoin (BTC), gold, and silver – particularly in January, February, and March. He also expressed a stance similar to the adage “your network is your net worth” – emerging from the title of a 2013 Porter Gale book – and concluded his message by saying, “please choose your friends carefully.”</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">I Hesitate Saying This: yet I believe it needs to be said. “One reason the poor and middle class remain poor is because they have poor friends and family.” If you want to be rich it is essential to have rich friends or at minimum friends who want to be rich. A Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> is…</p>— Robert Kiyosaki (@theRealKiyosaki) January 4, 2024
   </blockquote>
  </div>
 </figure>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/04/17bb05f0cc9a0dc6efbdbe5c5dd99eeb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Finance 
       <h3 class="font-bold leading-6 " id="crude-oil-experiences-biggest-gain-since-november">Crude oil experiences biggest gain since November</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/04/1ebdad23d77b0c2f9455a2055aaabbd5.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-erases-60-billion-one-day-after-jim-cramer-says-you-can-t-kill-btc">Bitcoin erases $60 billion one day after Jim Cramer says ‘you can't kill BTC'</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/04/aab07fc13957e3d8903c8d19389c9e7e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-and-ethereum-short-squeezed-on-january-2-for-massive-liquidations">Bitcoin and Ethereum short-squeezed on January 2 for massive liquidations</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/04/03eaafeee5222dad3476cd4bf1aeac05.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="january-s-crypto-hotlist-top-3-picks">January’s crypto hotlist: Top 3 picks</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/04/58f4acf5e34446fd0cc4942e06547ceb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wolf-of-wall-street-j-belfort-s-market-predictions-for-2024">Wolf of Wall Street J. Belfort’s market predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">The author also highlighted that the Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> – the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> of BTC mining rewards set to occur approximately 100 days from the time of publication – is fast approaching. Historically, the event has led to major rallies for Bitcoin and many other cryptocurrencies.</p>
 <h2 class="wp-block-heading" id="h-the-btc-bull-run">The BTC bull run</h2>
 <p class="paragraph">In recent months, Bitcoin has been steadily rallying, with its price rising from under $30,000 to more than $40,000 in the final quarter of 2023.&nbsp;</p>
 <p class="paragraph">In the last 52 weeks, the world’s foremost cryptocurrency is up as much as 155.24%. It, however, went through a swift and significant decline of 5.33% in the last 24 hours, and its price at the time of publication stands at $43,001.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qgJ8qFFhE7M_Fz_cX4Af3YPr0aw5z9ohRbT_TdtSCdi4e_OUdOm53vyYaBNToXN7TyNcXBOXt_x1COU6IBOKMslUevNeqEHlchzAk4Z7Sok6oc9i8HrfnpvOY4NjbesA70xqo6_PjcSzZL1apVBjmcM" alt>
  <figcaption class="wp-element-caption">
   BTC 1-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">The bull run has been driven by multiple factors, including the anticipation of the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> and the expected approval of a spot BTC exchange-traded fund (ETF) – an approval that some experts believe might occur in the first week of January.</p>
 <p class="paragraph">Along with the expectations that Bitcoin will surge in price after the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, Kiyosaki has been in favor of the cryptocurrency for a long time as a hedge against what he describes as various government abuses and has previously described it as the “people’s money.”</p>
 <h2 class="wp-block-heading" id="h-hedging-with-gold-and-silver">Hedging with gold and silver</h2>
 <p class="paragraph">Rober Kiyosaki has also been a long-standing supporter of investing in gold and silver – also largely as hedges against government-caused dangers such as hyperinflation. Given that the author has recently voiced his concerns that the U.S. is headed for “war and depression,” his most recent mention of the commodities aligns with his general advice.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Many people think HYPERINFLATION means prices are going UP. It means the exact opposite. Hyperinflation means the purchasing power of your money is going going. Don’t be a loser. Buy gold, silver, &amp; Bitcoin and be a winner not a loser.</p>— Robert Kiyosaki (@theRealKiyosaki) September 30, 2023
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">Given the current tensions around the world – the drone and bombing attacks in Beirut and Kerman, recent Boko Haram attacks in Nigeria, the ongoing conflict in Gaza, Russia’s war in Ukraine, and Xi Jinping’s recent reaffirmations that China and Taiwan will be unified, just to name a few – it isn’t impossible that gold and silver, as traditional crisis havens, will rise in value in 2024.</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>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rich-dad-r-kiyosaki-advises-pay-attention-to-the-bitcoin-halving-tbt75572.html">https://thebittimes.com/rich-dad-r-kiyosaki-advises-pay-attention-to-the-bitcoin-halving-tbt75572.html</a></p>

‘Rich Dad’ R. Kiyosaki advises ‘pay attention to the Bitcoin halving’

Table of Contents

TheBitTimes

Other articles published on Jan 4, 2024

Bitcoin ETF race intensifies: Grayscale adopts cash model, authorized participants revealed

Neo Price Slumps From Recent High: Can it Recover Before Weekend?

Bitcoin Halving Predictions & New Cryptos Most Likely to Surge in 2024

Binance's Investment Arm Binance Labs Announced It Is Investing In A New Altcoin!

A Sharp Decline in Loopring Price (LRC); Smart Money Dumped it?

XRP Price Recovers With $3.5 Billion Boost Amid 220% Volume Surge

Join our free newsletter for daily crypto updates!