In one of his recent posts on X, Robert Kiyosaki stated that he expects a bull market for bitcoin and gold. Where does this optimism come from?
Robert Kiyosaki expects growth
The renowned author of books on financial intelligence began his post by saying that bitcoin, gold, and silver will soon see a significant increase in price. The reason? The Fed’s initiation of quantitative easing.
Kiyosaki has long claimed that dollars are “fake” money. He also claims that investing in US bonds makes no sense. He recommends his fans buy “real estate, gold, silver and bitcoin.”
Gold is often compared to BTC (and vice versa, of course). According to the author of “Rich Dad, Poor Dad,” the dispute between fans of the first and second security is pointless.
As I stated in my previous post… it really doesn’t matter which is better, gold or bitcoin. That would mean people are arguing which car is better… Ferrari or Lamborghini… while they are riding the bus
– he explained figuratively what he meant.
Those who own real gold, silver and bitcoins will become richer…they will be able to afford a Ferrari or Lamborghini…while the chatterboxes who ride the bus…will say to themselves, “I don’t really like Ferraris or Lamborghinis”
– he continued his pictorial comparison.
He encouraged his fans to increase their investments in his favorite assets.
Bitcoin and ether rate
Today, one bitcoin is worth around $63,500, which translates into a price increase of 2% since yesterday and 9.2% on a weekly basis.
The situation on ether is interesting. 1 ETH is now worth 2547 USD, which means that since yesterday alone, investors are about 5% “ahead” on this asset. Over the week, the ether price has increased by about 8.2%, which is slightly less than bitcoin. However, the ETH/BTC pair has recently been at such low levels that the current recovery may take ETH to interesting levels on the chart.
Market sentiment has also improved. The BTC fear and greed index shows 54, which is a neutral market sentiment towards the cryptocurrency.
