Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has never shied away from offering bold financial predictions, and his latest one involves Bitcoin (BTC).
In a recent tweet, Kiyosaki emphasized that a Bitcoin boom may be on the horizon, driven in part by escalating inflation and a possible shift in the Federal Reserve’s policies.
He likens this impending surge in BTC to the rising value of other real assets such as gold and silver, assets which, according to him, could skyrocket when the Fed pivots to lowering interest rates.
Kiyosaki’s financial philosophy has long revolved around the idea of investing in tangible assets—ones that hold intrinsic value over time. With U.S. bonds and fiat currencies losing credibility, he argues that “fake money” will leave “fake assets” and seek refuge in “real assets” like Bitcoin, gold, and silver.
This is especially true, he believes, as inflation continues to erode the value of cash, and the Federal Reserve eventually reduces interest rates to spur economic activity.
In his typical straightforward style, Kiyosaki warns that people who debate whether Bitcoin is better than gold will be left behind—what he refers to as “loser talk.” He urges investors to stop theorizing and start acting by acquiring more of these real assets before it’s too late.
Ultimately, Kiyosaki’s message is clear: those who own assets like Bitcoin and gold will not only preserve their wealth but potentially grow it as inflation accelerates and interest rates drop. The question is not if Bitcoin will rise, but when, and for Kiyosaki, that moment could be coming soon.
Bitcoin (BTC/USD) Daily Technical Outlook – September 19, 2024
Bitcoin (BTC/USD) chart shows strong upward momentum after breaking through the key resistance level of $61,326. A sharp green candlestick indicates a significant bullish move, signaling renewed buying interest.
The price has now risen above the 50-period EMA (Exponential Moving Average) at $59,709, further confirming this bullish trend.
The RSI (Relative Strength Index) also indicates strength, currently hovering around 70, which suggests that Bitcoin is nearing overbought conditions. However, the RSI is not yet in extreme territory, meaning there may still be room for further price increases.
The next resistance level to watch is $62,618. If Bitcoin breaks above this point, the upward momentum could accelerate, potentially pushing BTC toward the next resistance at $63,605.
On the downside, $61,326 now acts as strong support, and failure to hold this level could trigger a retest of lower supports near $60,217 or even $59,709.
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