Robert Kiyosaki, the writer behind “Rich Dad, Poor Dad,” has expressed his agreement with Cathie Wood’s optimistic price forecast for unspecified assets, which she shared on the X social media platform.
Ark predicted that the largest cryptocurrency could soar up to $2.3 million based on their findings in the yearly “Big Ideas” report. With an estimated global investment base of approximately $250 trillion, this would require a 19.4% allocation to the flagship cryptocurrency for it to hit that price mark.
According to U.Today’s report, Wood has raised the stakes by estimating that the value of Bitcoin could potentially reach as high as $3.8 million. This could materialize if approximately 5% of institutional investors’ assets were transferred to Bitcoin.
In January, Wood expressed his belief that the cost of Bitcoin might soar up to $1.5 million due to the approval of spot Bitcoin exchange-traded funds (ETFs) around the same time.
Despite some people labeling Wood as too optimistic with her ambitious Bitcoin forecasts, Kiyosaki commended her for her boldness in putting forth such predictions: “In reality, the most prosperous and content individuals are those who err and acquire knowledge from their errors.”
Irrespective of whether the contentious stock advisor turns out to be correct or incorrect, Kiyosaki is confident that those who heed her advice will gain a deeper understanding of Bitcoin.
According to Kiyosaki’s forecast, Bitcoin’s price might soar up to $300,000 by the year 2024.
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2024-04-11 09:20