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 is facing strong headwinds just shy of its all-time high, with analysts at Swissblock warning that a breakout may be off the table—at least for now.
As concerns grow over government debt and global instability, Bitcoin is increasingly seen as a serious alternative to both gold and U.S. Treasuries.
Anthony Pompliano, a prominent Bitcoin advocate and co-founder of Morgan Creek Digital, is reportedly preparing to launch a new BTC-focused investment firm dubbed ProCapBTC.
Economist Peter Schiff has revived his long-running feud with Bitcoin, warning that shareholders in Michael Saylor’s company, Strategy, could come to rue the day they followed its “all-in” crypto play.