Robert Kiyosaki, the author of the best-selling investment and financial management book “Rich Dad, Poor Dad”, recently publicly endorsed the Bitcoin strategy of MicroStrategy, the largest company in Bitcoin holdings, and put the expressed his agreement with the founder of MicroStrategy, Michael. Saylor Bitcoin sees an estimated $13 million.
(Previous Summary:Rich dad disclosed his Bitcoin holdings of “73 coins” and planned to increase his position to 100 coins: the increase has not been completed yet!)
(Development background:Rich dad threw away his rules of survival during the “worst financial crisis in history”, isn’t Bitcoin his first choice?)
withThanks to the record highs of Bitcoin, the stock price of MicroStrategy, a listed company that controls the ownership of Bitcoin, has risen significantly this year, even outperforming Bitcoin this weeknameIt plans to issue another convertible bond with a total value of US$2.6 billion and use the proceeds to continue increasing its position in Bitcoin.
In addition, MicroStrategy announced just at the end of last monthstart upThe “21/21 Plan” will raise US$21 billion in equity funding and issue US$21 billion in bonds over the next three years, raising a total of US$42 billion to generate more Bitcoins to buy
Michael Saylor, the founder of MicroStrategy, is very optimistic about the prospects for Bitcoin He made a bold statement at the Bitcoin Conference in July this year.predictBitcoin has a chance to reach US$ 13 million by 2045, accounting for 7% of the world’s wealth.
However, some market participants have been questioning MicroStrategy’s Bitcoin positioning strategy Recently, MicroStrategy has been criticized by Citron Research, a US short selling agency.sniperthe company pointed out that MicroStrategy’s stock trading volume has completely shifted from Bitcoin’s foundation. Thursday.
Robert Kiyosaki agrees that Bitcoin sees $13 million
However, Robert Kiyosaki, the author of the best investment and financial management book “Rich Dad, Poor Dad,” recently tweeted to show strong support for Michael Saylor’s Bitcoin strategy and agreed that Bitcoin will reach $13 million :
According to Michael Saylor’s prediction, Bitcoin will reach $13 million.
That’s better than taking on $50,000 in student loans and studying for years just to get a stupid MBA. Get smarter… buy Bitcoin today, that’s me.
$13 million Bitcoin:….according to Michael Saylor. I believe it is right. He is one smart boy. today stands at 90 000 $. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Definite effects…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
Plans to increase holdings of Bitcoin to 100 coins
Robert Kiyosaki has always criticized the rapid growth of the US national debt, which led to hyperinflation in the US dollar and eventually made the US dollar “toilet paper”worthlesshas again asked investors to switch to safer assets such as gold, silver and Bitcoin It was also earlier this monthLook offYour original Bitcoin investment cost and your current holdings.
Robert Kiyosaki revealed that he bought his first Bitcoin at $6,000 and continued to increase his holdings when Bitcoin rose to $76,000 of your earnings in real currencies like Bitcoin, Gold and Silver.
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Considering MicroStrategy’s continued investment in Bitcoin despite criticism, do you believe this strategy could be a harbinger of wider institutional adoption, or is it a risky gamble that could deter traditional investors?
This article discusses Robert Kiyosaki’s bullish stance on Bitcoin, particularly in relation to Michael Saylor’s $13 million price prediction. Let’s break it down into thematic sections with open-ended questions to spark discussions:
**Section 1: Kiyosaki’s Bitcoin Stance & Saylor’s Prediction**
* **Key Points:**
* Kiyosaki agrees with Saylor’s prediction that Bitcoin could reach $13 million.
* He compares investing in Bitcoin to avoiding the ”burden” of traditional education (like an MBA).
* Kiyosaki suggests even a small investment today could lead to significant wealth.
* **Discussion Questions:**
* Do you think Michael Saylor’s $13 million Bitcoin prediction is realistic? Why or why not?
* What are the potential risks and rewards of investing in Bitcoin based on this prediction?
* Is Kiyosaki’s comparison of Bitcoin investment to avoiding an MBA a compelling argument? Does it resonate with you?
**Section 2: Bitcoin as a Safe Haven**
* **Key Points:**
* Kiyosaki criticizes the US national debt and the potential for hyperinflation.
* He recommends investing in alternatives like gold, silver, and Bitcoin.
* He discloses his own Bitcoin holdings and purchase history.
* **Discussion Questions:**
* Do you agree with Kiyosaki’s concerns about the US dollar and inflation?
* How effective do you think gold, silver, and Bitcoin are as hedges against inflation and economic downturns?
* What other factors might impact the future value of Bitcoin besides traditional economic indicators?
**Section 3: MicroStrategy’s Bitcoin Strategy**
* **Key Points:**
* MicroStrategy continues to increase its Bitcoin holdings.
* Citron Research has criticized MicroStrategy’s strategy.
* The article mentions MicroStrategy’s plans to raise $42 billion to buy more Bitcoin.
* **Discussion Questions:**
* What are the potential benefits and risks for a publicly traded company like MicroStrategy to heavily invest in Bitcoin?
* Do you think Citron Research’s criticisms of MicroStrategy’s strategy are valid?
* What do you think about companies using significant portions of their treasury to invest in Bitcoin?
**Overall Discussion Points:**
* What are the broader implications of influential figures like Robert Kiyosaki endorsing Bitcoin?
* How do these endorsements impact public perception and adoption of cryptocurrencies?
* What are the long-term challenges and opportunities facing Bitcoin and the cryptocurrency market?
