Rich Dad, Poor Dad author Robert Kiyosaki has suggested that his followers earlier today on 26th December “Buy one Satoshi, Get rich”. The advice comes at a time, when Bitcoin has not disappointed with its trading but hover has not been that upbeat as well.
To enable smaller transactions, Bitcoins can be divided into smaller parts. At 100 millionth of a Bitcoin, a satoshi is the smallest denomination of the cryptocurrency. The satoshi bears the name of Satoshi Nakamoto, the person who created Bitcoin.
The advice comes as Bitcoin is current trading at $95,328.91, down over 2% as compared to the same time last day.
Robert Kiyosaki’s Repeated Advice: Buy Bitcoin
Robert Kiyosaki has time and again advised his huge fan following on X to keep buying Bitcoin. His optimism over Bitcoin has kept many upbeat about the trajectory of the OG-crypto and how it will perform in the future.
Previously, the well-known author used his social networking platform X to give a sobering warning about the state of the world economy.
He highlights in his message that a “global economic collapse has begun,” citing the recessionary states of the US and Europe in particular.
Given that current economic indicators are indicating significant signals of deterioration across major global economies, including Europe, China, and the USA, Kiyosaki’s warning is especially concerning over the potential for an imminent Great Depression.
Against the backdrop of this global economy, Kiyosaki constantly has a bullish view of some alternative assets, especially Bitcoin, gold, and silver.
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Regardless of the state of the economy, he stresses that these assets will “hold their value.” His long-held conviction that bitcoin and physical assets are effective hedges against economic volatility is reflected in this position.
Robert Kiyosaki’s Advice Comes As Bitcoin Price Has Not Disappointed Investors
Bitcoin prices have only been down 2%, trading above expectations as investors has priced a fall to mid-$80K after Bitcoin’s price had hit its all time high value.
The primary cause of Bitcoin’s fall following a spike brought on by Donald Trump’s election victory is the waning of enthusiasm after the Federal Reserve’s aggressive policy last week.
Despite this, the price has largely outperformed many expectations, making it evident that investors are bullish over Bitcoin’s future trajectory.
Additionally, for the first time since January 2024, Binance’s Bitcoin reserves have fallen below 570,000 BTC. Similar declines have historically preceded significant price increases, which raises predictions about a possible rally.
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