Bitcoin to $100K in September? ‘Rich Dad, Poor Dad’ author claims…

• Kiyosaki goals to purchase 10 extra Bitcoins earlier than the halving occasion. 
• The investor urged his followers to contemplate Bitcoin as a hedge.

Serial investor and writer of Wealthy Dad, Robert Kiyosaki, seeks to purchase an additional 10 Bitcoin [BTC]  to reap the benefits of the pre-halving low cost. 

The king coin has been in a “re-accumulation” section because the second half of March, consolidating current losses beneath $68K. 

Kiyosaki’s transfer follows his mid-term bullish conviction of BTC value appreciation after the halving occasion in April, with a Q3 value goal of $100K. 

Kiyosaki: Catalysts for potential BTC rally to $100K by Q3 2024

Kiyosaki nudged his 2.5M X (previously Twitter) followers to contemplate shopping for 1/10 of Bitcoin if they’ll’t afford entire cash. 

Citing post-halving and elementary dangers in conventional international markets, Kiyosaki acknowledged, 

“I count on Bitcoin to be $100K by September 2024.”

To uncover the underlying challenges throughout conventional markets in superior economies, the investor expounded; 

“The “good cash” is aware of the US is the largest debtor nation on this planet; China’s property market is “toast;” Japan has been in a despair since 1990; Germany is sliding right into a despair, mother and pop customers live on bank cards; banks are in hassle; and the world is on the point of battle.” 

To alleviate and hedge towards these dangers, Kiyosaki beneficial gold, silver, or Bitcoin. Nevertheless, like Michael Saylor, he cautioned towards over-relying on fiat cash. 

“Please don’t be a poor individual saving pretend (fiat) cash.” 

Many analysts and key halving cycle theorists have predicted bullish prospects for BTC’s post-halving occasion in mid-April.

Final week, Customary Chartered raised its end-year BTC prediction by 50%, from $100K to $150K. 

Equally, Bernstein analysts raised the end-year BTC goal from $80K to $90K, citing

“Sturdy ETF inflows and aggressive miner capability enlargement.” 

Ergo, Kiyosaki’s prediction of $100K by September 2024 is nearer to Bernstein’s end-year targets. 

Nevertheless, an AMBCrypto report established that BTC’s short-term prospects have been nonetheless bearish. 

On the time of writing, BTC traded at $67.0K with an important overhead bearish order block on the 4-hour chart round $66.9K — $67.99K.

If the worth strikes above this order block, a renewed short-term bullish intention may very well be obvious.