Robert Kiyosaki, a renowned American writer and financial instructor, shares the same optimistic view as Ark Invest, led by Cathie Wood, regarding Bitcoin‘s price surge. They believe Bitcoin could hit $2.3 million mark this year.
Kathie Wood is confident that Bitcoin’s value will reach $2.3 million per BTC. I have faith in her expertise and agree with her prediction. However, she could be mistaken. The key question is “What is your belief?” If Kathie turns out to be correct, what then?— Robert Kiyosaki (@theRealKiyosaki) April 11, 2024
Based on the tweet’s content, Kiyosaki endorses Wood’s bitcoin price forecast due to his belief in Wood’s intelligence, optimism towards her, and conviction that Bitcoin has the potential to reach such a value under favorable conditions.
In February, Ark Invest published a report detailing the influence of institutional investments from the $250 trillion total investment pool on Bitcoin’s price.
An investment manager explained that if only 1% of the world’s $250 trillion in investable assets were allocated to Bitcoin, its price could potentially hit $120,000. Over the period from 2015 to 2023, a maximum investment with the highest risk-reward ratio (Sharpe ratio) of 4.8% would have been worth $550,000 in Bitcoin. A more aggressive investment of 19.4% could potentially surge its value to an astonishing $2.3 million.
Kiyosaki admitted that Ark’s analysis could be off, but he still shares the same views about Bitcoin. Nevertheless, what truly matters are people’s personal Bitcoin possessions and perspectives towards this digital currency.
Kiyosaki shared that he regretted not buying more bitcoins if Ark’s prediction had been accurate. On the other hand, he would be content with having no bitcoins at all if the asset manager was wrong. Additionally, he strongly believed that not many people would own bitcoins, regardless of whether Ark was correct or not.
Kiyosaki holds a contrary view, predicting Bitcoin could reach an astounding $2.3 million. He expressed gratitude towards Kathy Woods for bravely making errors and acquiring knowledge from them.
No matter the outcome of Ark’s prophecies, he asserted that his devotees would gain greater knowledge, intelligence, and wisdom by taking risks and investing in a modest amount of Bitcoin.
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2024-04-12 09:24