As the halving event draws nearer, Kiyosaki plans to stack 10 BTC this week.
Renowned author of the best-seller book Rich Dad Poor Dad, Robert Kiyosaki, remains bullish on the leading cryptocurrency, Bitcoin. This time, he stated that he would accumulate 10 BTC in addition to his existing Bitcoin stack. The American businessman explained that the upcoming halving event influences the big buy.
The halving event is a mechanism used to combat BTC inflation where the block reward for mining BTC is reduced by half. Set to occur in late April 2024, the event will bring the mining reward to 3.125 BTC. Historic records show that BTC will see new heights after the event as high demand for the asset will occur.
Kiyosaki Increases Bitcoin Portfolio
Kiyosaki is known for his massive embrace of digital currencies. Although he is generally interested in assets like gold, silver, and other investment vehicles, the American businessman has expressed more enthusiasm for Bitcoin.
He urged everyone via his latest tweet to accrue as much BTC as possible. He added that those who cannot afford a whole BTC should accumulate bits of the asset until they eventually own at least 1 BTC.
Kiyosaki further explained how BTC and other assets like gold and silver are better stores of value, compared with fiat currencies. Referencing MicroStrategy’s co-founder Michael Saylor, the renowned author termed fiat currencies as “fake money,” adding that those who save in local currencies are “poor.”
The American investor and Bitcoiner shared a new price projection for the leading crypto asset. Set to occur post-halving, Kiyosaki stated that BTC will potentially hit a trading price of $100,000 in September 2024. Meanwhile, BTC currently trades at $67,000, representing a 3.5% increase in the last 24 hours.
More Entities Accumulate BTC
Kiyosaki is not the only one accumulating BTC. Michael Saylor’s business intelligence company MicroStrategy has emerged as one of the biggest Bitcoin owners. Following the firm’s latest purchase, it owned about 1% of Bitcoin’s total supply.
Other entities holding a large BTC portfolio include Tether and the El Salvador government.
