Supporter of Bitcoin, financial entrepreneur, and guru Robert Kiyosaki—best known for his financial literacy book “Rich Dad Poor Dad”—has come to the Twitter/X platform to discuss and bring attention to the impending halving of Bitcoin.
The anticipated halving at block 840,000 occurs in April. It will cut the payouts to miners in half, resulting in less Bitcoin being introduced into the market.
Bitcoin halving endorsed by Kiyosaki
One of the key explanations given by Kiyosaki for his belief that the lower and middle classes would always be impoverished is disclosed. He thinks that their environment—”they have poor friends and family”—is to blame for this. He emphasised the significance of the individuals one surrounds themselves with and unconsciously absorbs inspiration from.
He states in his tweet that “having rich friends, or at least friends who want to be rich, is essential if you want to be rich.” Kiyosaki frequently tweets on this topic to his 2.4 million followers. But then things took an unexpected turn when Kiyosaki, for the first time, brought up the impending Bitcoin halving event and suggested that his fan base take note of it.
In line with his typical advice, Kiyosaki also advised his followers to pay attention to gold and silver. He thinks that the prices of all three assets—Bitcoin, gold, and silver—will all soar in the coming years.
https://x.com/theRealKiyosaki/status/1742721229297975619?s=20
In terms of the Bitcoin halving, this will be the leading cryptocurrency’s fourth halving. The 6.25 BTC payout for Bitcoin miners will be reduced to 3.125 BTC. This is a deflationary process that has been coded by the anonymous person who created Bitcoin, Satoshi Nakamoto, who did it in 2009, precisely fifteen years ago.
Kiyosaki published his predictions for Bitcoin prices in the upcoming years on many occasions last year. In a subsequent tweet, he lowered his predictions and said that $130,000 would be Bitcoin’s next destination, down from his initial prediction that the cryptocurrency would reach $500,000 by 2025.
Bitcoin price crash
On December 3, Bitcoin saw an abrupt decline of around 7%. It fell to $42,234 before making a small comeback to trade at $42,960 at this time. The Matrixport research, which said the SEC would reject all Bitcoin spot ETFs, was the cause.
