'Rich Dad Poor Dad' Author Calls Bitcoin Fast Track Investment, Here’s What He Means

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 29 2024

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Robert Kiyosaki's Investment Insights:
- Known for investing in Bitcoin and speculative assets, he discussed fast track investments like Bitcoin and Lithium.
- Educates entrepreneurs on improving their "financial IQ" through his book and board game.
- Emphasized the transition from "Rat Race" to "Fast Track" investments in real life.
- Has personally invested in Fast Track investments for over 30 years due to higher risks and returns.
- Shared a photo of himself with partner Marin Katusa sitting on a Lithium vein worth $5 million in Canada.
Bitcoin Price Prediction:
- Kiyosaki predicted Bitcoin could reach $350,000 by August this year.
- Stated his preference for buying BTC directly and expressed no interest in investing in a spot Bitcoin ETF.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36037.2	48018.6	60307.22	72288.62	84577.24	96558.64	108847.26
Fibonacci	48018.6	57289.748	63017.472	72288.62	81559.768	87287.492	96558.64

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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