Bitcoin (BTC), the largest cryptocurrency by market capitalization reached a new all-time high on the 2024 International Women’s Day, triggering several bullish speculations from top financial experts.
Among those who have reiterated the importance and price potential of BTC is the best-selling author Robert Kiyosaki, popularly known for his book Rich Dad Poor Dad. In a Thursday tweet, the financial education advocate encouraged individuals to shun being spectators and start investing in Bitcoin — the digital gold.
Citing the ongoing uptrend in the price of bitcoin, Kiyosaki dubbed the habit of hesitating to invest in the leading crypto asset the “biggest mistake” anyone can make. “The biggest mistake you can make is to procrastinate,” he wrote.
Acknowledging that individuals may procrastinate making BTC investments because of low capital, the American entrepreneur and investor encouraged the habit of investing with handy funds. “Important to start, even if only for $500,” he exemplified.
Kiyosaki further predicted BTC to reach $300,000 per coin in 2024, the year of the fourth Bitcoin halving event. “Next stop $300,000 per BC in 2024,” he wrote.
Bitcoin (BTC) Hits All-Time High
On March 8, 2024, a day set aside to mark International Women’s Day, BTC finally broke the age-long resistance at $69,000 to reach a new all-time high at $70,083. The positive outcome, which occurred amidst escalating BTC whale activity and spot Bitcoin ETF inflows, marked the first time the crypto asset reached a new all-time high pre-halving.
In previous circumstances, new ATHs were reached after BTC halvings, an event where the reward given to miners for producing blocks on the Bitcoin blockchain are reduced by 50%. This helps to reduce the rate at which new BTC enters circulation, promoting scarcity and potentially driving the asset’s price upward.
BTC is trading at $64,648 at the time of writing, up 1.74% in the past 24 hours.
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