'Rich Dad Poor Dad' Author Robert Kiyosaki Admits Bitcoin Might Be A Ponzi Scheme But Remains Optimistic Due To This Law About Power Of 'Networks'
Portfolio Pulse from Benzinga Neuro
'Rich Dad Poor Dad' author Robert Kiyosaki has expressed a bullish stance on Bitcoin, despite acknowledging its potential risks as a Ponzi scheme. He supports Bitcoin due to the power of its network, as per Metcalf's Law, and criticizes U.S. leaders for financial mismanagement. Kiyosaki plans to buy more bitcoins before the upcoming halving event, predicting a significant price increase.
March 26, 2024 | 12:15 pm
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Robert Kiyosaki remains optimistic about Bitcoin, planning to buy more before the halving event and predicting a price of $300,000 in 2024. He attributes Bitcoin's value to the strength of its network system.
Kiyosaki's endorsement and planned purchase of Bitcoin before the halving event, combined with his prediction of a significant price increase, could influence investor sentiment positively. His comparison of Bitcoin's network strength to Metcalf's Law reinforces the asset's perceived value, potentially driving short-term demand.
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