Renowned author of “Rich Dad, Poor Dad”, Robert Kiyosaki, has emerged as a vocal supporter of Bitcoin and a harsh critic of the US dollar in this age of increasing financial digitalization. Known for his unconventional investment strategies and his affinity for assets like gold and silver, Kiyosaki has recently found another reason to celebrate: Bitcoin’s impressive performance.
Throughout this year, the leading cryptocurrency has provided Kiyosaki and other enthusiasts with numerous reasons to rejoice. In particular, on February 28th, Bitcoin achieved a significant milestone by surpassing the $60,000 mark for the first time since 2021. This remarkable surge, amounting to over $11,000 in just five days, prompted Kiyosaki to express his gratitude to the cryptocurrency in a post on X, where he thanked Bitcoin for “kicking the fake US dollar’s butt.”
Bitcoin’s trajectory in recent months has undeniably been remarkable. After experiencing a substantial recovery in the last quarter of 2023, the digital currency has witnessed a value increase of over 160% in the past 52 weeks. As of the time of writing, the price of BTC stands at US$62,742.27, with a 6% increase in the last 24 hours.
This exceptional performance reignites the ongoing debate surrounding Bitcoin’s potential to establish itself as a superior form of currency, a debate that can only be settled through wider adoption of the cryptocurrency.
While some argue that Bitcoin’s true value as a currency is yet to be proven, it is impossible to ignore the significant impact it has had on the financial world and the public’s perception of the value and stability of traditional fiat currencies.
Disclaimer: The views and opinions expressed by the author or any individuals mentioned in this article are purely for informational purposes and do not constitute financial, investment, or any other form of advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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