Kiyosaki Buys $1M in Bitcoin, Highlights True Value of BTC
Financial author Robert Kiyosaki has doubled down on Bitcoin, purchasing an additional $1 million worth of BTC after selling at the $69,000 peak. He advises investors to focus not on short-term price fluctuations but on Bitcoin’s core attributes: scarcity, decentralisation and immunity from government seizure. Kiyosaki predicts BTC could reach $1 million in the coming years, framing it as a hedge against inflation and fiat devaluation.
Bullish
Kiyosaki’s high-profile purchase underscores strong institutional confidence in Bitcoin. Historically, endorsements by well-known investors have spurred positive market sentiment and price rallies. In the short term, this news may boost trader optimism and volume. Over the long term, emphasising Bitcoin’s scarcity and immunity from confiscation supports its narrative as a reliable store of value and inflation hedge.