Robert Kiyosaki, an American author and financial educator, has expressed his agreement with the price prediction of bitcoin by Ark Invest, Cathie Wood’s asset management firm, that it will reach $2.3 million earlier this year.
According to the tweet, Kiyosaki accepts Wood’s prediction because he thinks positively of her, thinks she is smart, and thinks that under the right circumstances, Bitcoin could increase in value to that level.
In February, Ark Invest released a report that explained how institutional allocations and investments from the $250 trillion global investable asset base would impact Bitcoin’s price.
The investment manager clarified that BTC might reach $120,000 with a 1% allocation from the $250 trillion global base of investable assets. Similarly, from 2015 to 2023, a maximum Sharpe ratio allocation of 4.8% would have valued Bitcoin at $550,000, while a 19.4% allocation might propel the cryptocurrency to a whopping $2.3 million.
Kiyosaki acknowledged that the firm’s analysis might be incorrect, even though he agrees with Ark’s predictions. However, he asserted that the most crucial inquiries center on an individual’s Bitcoin holdings and opinions regarding the digital asset.
Kiyosaki revealed that he would have liked to have purchased more if Ark’s prophecy had come true. In contrast, he would be happy to own zero bitcoin if the asset manager was mistaken. He also insisted that more people would not own Bitcoins, whether or not Ark is correct.
However, Kiyosaki also believes that Bitcoin will hit $2.3 million. He also said, “God Bless Cathie Woods for her courage to make mistakes and learn from her mistakes.”
Regardless of how Ark’s prophecies pan out, he declared that his followers would become more educated, smarter, and wiser if they chose to “live dangerously” and acquire at least a small amount of Bitcoin.
Also Read: Ark Invest and 21Shares Integrate Chainlink for Bitcoin ETF
