Analysts believe BTC is king, Robert Kiyosaki is bullish on Bitcoin
- Robert Kiyosaki, millionaire entrepreneur recommends gold, silver and Bitcoin instead of real estate to his 2.1 million followers on Twitter.
- Analysts believe that after the successful Ethereum merger, Bitcoin price action is likely to remain king.
- Analysts predict a 25% rally in Bitcoin price, BTC eyes $24,000 target.
Renowned millionaire and entrepreneur Robert Kiyosaki asked his 2.1 million followers to turn to Bitcoin, instead of real estate. Analysts believe Bitcoin’s price action is key to the crypto ecosystem following Ethereum’s move to proof-of-stake.
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Why Robert Kiyosaki Recommends Bitcoin
Robert Kiyosaki, the author of Rich Dad Poor Dad and a millionaire entrepreneur, told his 2.1 million Twitter followers that Bitcoin is a better investment than real estate. Kiyosaki believes Bitcoin has become more important now, during the unemployment crisis.
Kiyosaki took to Twitter to remind the trading community of the crash in the US and global economy, poor stock performance and rising unemployment. The millionaire entrepreneur warned his followers about the crash several times over the past year through his tweets.
Why I NO LONGER recommed PROPERTY. In my 2022 Capitslist Manifesto I stated that Marxist took over the US in the 2020 election. Marxists will raise property taxes, introduce rent controls, as rising interest rates reduce property values. I recommend gold, silver, Bitcoin.
— therealkiyosaki (@theRealKiyosaki) 15 October 2022
In addition to Bitcoin, Kiyosaki considers gold and silver safe-haven assets that are likely to help people preserve their wealth.
Kiyosaki addresses macroeconomic reasons for the current state of the economy and believes Bitcoin, silver and gold are the way to go for investors who want to preserve their wealth and income. When US pension funds started betting on Bitcoin, Kiyosaki called it “gambling”.
Bitcoin is king after Ethereum Merge
There is an increase in emerging trends across different altcoins, but the broader context is that persistently high inflation remains a problem in the US and around the world. The looming debt crisis makes even the strongest crypto price trends subject to macro factors. Bitcoin is the largest asset by market capitalization in the ongoing bear market.
Analysts warn traders about a possibility of a sharp decline in the price of Bitcoin, and recommend calculating the investment size according to their own risk appetite. Bitcoin price could climb 25% to reach the $24,000 level in the short term. PostyXBT, a cryptoanalyst and trader evaluated the Bitcoin price trend and predicted a bullish move in BTC.
Solid daily close after yesterday’s touch of support after the CPI numbers.
$20,500 serves as a mid-range in this larger selection that has been forming since June.
If this level reverses, I will look for longs against range highs. No RR to go long right now. pic.twitter.com/DXHtNHoC7R
— Posty (@PostyXBT) 14 October 2022
