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Bestselling author of Rich Dad Poor Dad, Robert Kiyosaki on Wednesday lauded Bitcoin BTC/USD for its rally to $64,000, marking the highest point its reached since November 2023.
What Happened: Kiyosaki in a post on X said, "Thank you BITCOIN for doing your job.kicking the fake US dollar's b*tt and bringing integrity back to money."
Bitcoin saw a surge in value on Wednesday, rising 9.5%its most significant leap in a single day since late October. The rise comes amid growing interest in Bitcoin Exchange Traded Funds (ETFs) on Wall Street.
Kiyosaki is a well-known Bitcoin advocate and has endorsed BTC several times.
On Feb. 23, Kiyosaki addressed concerns about potential volatility in the Bitcoin market.
In a post on X, he shared his strategy, saying, I am often asked What happens if Bitcoin crashes? My reply is the same for Bitcoin, gold or silver. My reply is I would be happy and I would buy more, once the crashing stops. All market crashes are, are assets going on sale.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Earlier in January, the Rich Dad Poor Dad author said that he believes Bitcoin could hit $100,000 by mid-2024.
After the SEC approved Bitcoin ETFs, Kiyosaki upgraded his stance on Bitcoin, adjusting his previous price target from $120,000 to $150,000. "BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon, he posted.
Confirming his confidence in the cryptocurrency, Kiyosaki revealed an acquisition of five additional Bitcoins early in 2024.
Price Action: At the time of writing, BTC was trading at $61,759, up 8.22% in the last 24 hours, according to Benzinga Pro.
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