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In line with the hit book “Rich Dad Poor Dad,” Author and Entrepreneur Robert Kiyosaki urges his fans to buy assets, not liabilities. One of those assets is the world’s most prominent cryptocurrency, Bitcoin.
The business mogul has recently analyzed the broader market, speculating its effect on the BTC price. Meanwhile, the new Stake-to-Mine Bitcoin Minetrix enables users to mine Bitcoin from Ethereum and has amassed over $265K in its presale since launching just days ago.
Best-Seller Author Thinks Bitcoin Will Become Priceless Due to Limited Supply
Robert Kiyosaki believes that Bitcoin’s scarcity-focused tokenomics will result in parabolic growth potential in a world of expansion and growth.
In a recent statement on the X app, Kiyosaki waded to his 2.4 million followers that Bitcoin will soon become priceless due to external economic conditions. The author has long been a proponent of Bitcoin and other scarce commodities like gold and silver.
The recent comments also alluded to CBDCs as a reason for Bitcoin’s drastic potential hike in value. Kiyosaki fears that CBDCs will remove the privacy associated with dealing in cash transactions, warning his followers that “Big Brother will be watching.”
However, he believes that Bitcoin, other scarce commodities, and cash will become in-demand assets once CBDCs are launched to the public.
In another tweet, the Rich Dad Poor Dad author states that people always ask him what the price of Bitcoin will be in 2025. Yet he claims this is a silly question, noting that the real question is how much Bitcoin you have today. The message behind this tweet is that he believes Bitcoin is massively undervalued and will explode by 2025, yielding significant returns for those who buy now.
The last time Kiyosaki provided a tangible price prediction in his tweets was on 15 August, where he proclaimed that if the economic climate remains the same, Bitcoin will reach $100K. However, he also predicts that Bitcoin will reach $1 million if the US economy crashes.
Based on the reasoning in his tweets, the Bitcoin price would reach $1 million due to hyperinflation and the devaluation of the dollar due to excess money printing to hold up the economy.
However, economic conditions in the US and globally have recently stabilized. While an upcoming global recession is possible, falling inflation and interest rate pauses in countries like the US, the UK, and Canada hint at an improving global economy.
With that in mind, investors may be better poised to identify Bitcoin alternatives with higher upside potential. With the Bitcoin halving scheduled for April 2024, some projects will likely outperform Bitcoin.
One is Bitcoin Minetrix, which is currently undergoing a massively successful presale, having raised $265K in its first few days.
Presale Bitcoin Minetrix Raises $265K for With Stake-to-Mine Bitcoin Rewards on Ethereum
Bitcoin Minetrix (BTCMTX) is a new Ethereum-based project where users can stake tokens and earn Bitcoin cloud mining, enabling them to mine Bitcoin on Ethereum.
Yet the project offers far more than just the convenience of mining Bitcoin on Ethereum. For instance, users can get started with zero technical know-how, and no upfront cost or hardware maintenance is required.
Adding to this, its tokenization of Bitcoin cloud mining eradicates all the security and centralization issues that have long formed a deterrent to cloud mining adoption.
These value propositions have fared massively popular among the community, with many analysts predicting BTCMTX will be the next project to explode.
One of the reasons it could outperform Bitcoin is that its staking mechanism will remove many tokens from circulation. Meanwhile, unlike many other staking projects, rewards will be paid out in mining credits rather than its native token. As such, there will not be additional sell pressure from staking rewards, bolstering its supply and demand dynamics.
However, the $BTCMTX price will increase by 10% once the presale hits $3,080,000. This will repeat nine more times as the project reaches further milestones. Therefore, investors looking to secure the most growth potential should act now.
Read More: Robert Kiyosaki Speculates on the Bitcoin Price; Can Bitcoin Minetrix Make