Despite Bitcoin's current decline, advocates like Robert Kiyosaki, author of "Rich Dad Poor Dad," remain steadfast in their support.
Recently, Kiyosaki posted on X (formerly Twitter) urging people to seize the chance to buy Bitcoin at its current prices, suggesting it may be the last opportunity at these levels.
Kiyosaki highlighted “Uptober,” a term crypto enthusiasts use for October due to its history of Bitcoin price gains.
Indeed, Bitcoin has risen over 5% this month, peaking above $69,500, even as the broader crypto market remained mostly stagnant.
Kiyosaki has previously predicted that Bitcoin could hit $100,000 by year’s end, with a potential climb to $1 million by 2025.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
Bitcoin’s downward trend could persist longer than expected, according to some analysts who see similarities with the 2022 bear market.