• Millionaire entrepreneur Robert Kiyosaki recommends gold, silver and Bitcoin instead of real estate to 2.1 million Twitter followers.
  • Analysts believe that after the successful Ethereum merger, Bitcoin price action is likely to remain king.
  • Analysts predict a 25% rise in the price of Bitcoin, BTC aims for the target of $24,000.

Famous millionaire and entrepreneur Robert Kiyosaki told his 2.1 million followers to look to bitcoin instead of real estate. Analysts believe Bitcoin’s price action is key to the crypto ecosystem following Ethereum’s transition to proof-of-stake.

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Why Robert Kiyosaki recommends Bitcoin

Robert Kiyosaki, the author of Rich Dad Poor Dad and a millionaire entrepreneur, told his 2.1 million Twitter followers that Bitcoin is a better investment than real estate. Kiyosaki thinks Bitcoin has become more important now, during the unemployment crisis.

Kiyosaki took to Twitter to remind the trading community of the crashing US and global economy, poor stock performance and rising unemployment rate. The millionaire entrepreneur has warned his followers about the crash several times over the past year via his tweets.

In addition to Bitcoin, Kiyosaki considers gold and silver safe-haven assets that can help people preserve their wealth.

Kiyosaki addresses the macro reasons for the current state of the economy and believes Bitcoin, silver and gold are the way forward for investors looking to preserve wealth and income. When US pension funds started betting on Bitcoin, Kiyosaki called it “gambling”.

Bitcoin is king after Ethereum Merge

There is an increase in new trends in various altcoins, but the larger context is that persistently high inflation remains a problem in the United States and around the world. The impending debt crisis makes even the strongest crypto price trends subject to macro factors. Bitcoin is the largest asset by market capitalization in the current bear market.

Analysts warn traders of a possibility of a sharp drop in the price of Bitcoin and recommend calculating the size of the investment based on their own risk appetite. The bitcoin price could climb 25% to reach the $24,000 level in the near term. PostyXBT, a crypto analyst and trader assessed the Bitcoin price trend and predicted a bullish move in BTC.