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$107,000 is a low price for Bitcoin, Robert Kiyosaki is sure.
Businessman and investor Robert Kiyosaki considers $107,000 a low price for Bitcoin, which has increased by 16% since the beginning of the year.
What does expensive mean? I started investing in bitcoins late. I waited too long, which may have been for the best. I waited because I didn't understand modern money. So, I bought my first bitcoin when it was $6,000 per coin. It seemed expensive. Today I regret not buying more BTC at the rate of $6,000.
Today the price of Bitcoin is $107,000. And my mind tells me again: "That's expensive." But I am buying more coins. Why? Because if and when Bitcoin reaches $1 million, I will again lament not having bought more coins," wrote Kiyosaki.
Robert is not ready to bet that cryptocurrency will rise to $1 million, but he is convinced of the inevitable increase in the value of the digital asset, so he advises buying BTC, regardless of the current price of the coin, which reaches $108,573. When the price of Bitcoin rises to $200,000, this figure will seem small.
Nevertheless, Kiyosaki can be criticized for inconsistency. On June 25, he stated that he was waiting for a collapse in the prices of BTC and gold to purchase these assets at the bottom. Since the publication of this message, bitcoin has increased in price by 2.63%, so it remains a mystery why the businessman changed his mind.
However, gold has lost value, as Robert predicted. As a result of the dump over the last five days, the precious metal has fallen in price by 3.13%. However, today a correction began, and the XAU rate increased by 1.13%. At the same time, the well-known analyst Peter Brandt predicted the continuation of the bearish trend in the gold market, so it is still too early to talk about a reversal.