Amid escalating geopolitical tensions in many parts of the world, Bitcoin is losing ground but remaining resilient. Robert Kiyosaki, author of the personal finance book ‘Rich Dad Poor Dad’, is worried about these developments. So much so that he says it could lead to another World War. On the other hand, he says Bitcoin will do well in such situations. Meanwhile, the halving countdown has begun.
R. Kiyosaki: We are on the brink of World War 3, Bitcoin will do well!
As you have been following on Kriptokoin.com, the market has faltered a bit with the increase in geopolitical tensions in recent days. This has brought some controversy. Renowned investor Robert Kiyosaki is concerned about the escalating geopolitical tensions in many parts of the world. Kiyosaki says that these developments could lead to another World War, even if it is a bit of an exaggeration. On the other hand, he says that Bitcoin (BTC) will do well in such situations.
In a podcast episode with Gerald Celente, editor and producer of Trends Journal, Kiyosaki discussed BTC, gold, real estate and the state of the world. He said that global uncertainties are heading towards a major war. He also noted that banks are in trouble. According to Kiyosaki, the demand and prices for precious metals and cryptocurrencies are increasing. Therefore, in Kiyosaki’s observation, digital assets like Bitcoin will perform well during such uncertain periods. In this context, Kiyosaki says the following:
We’re talking about a ‘golden year’ for gold, and that’s because the banks are failing. Everybody knows that too! However, BTC is going through the roof. However, the part that worries me the most is World War 3, which we are on the verge of.
BTC’s halving event is now less than 100 blocks away!
Bitcoin’s next halving event is less than 100 blocks away. Bitcoin halving events happen every 210,000 blocks. In this case, it will probably happen on April 20th at 11:00 a.m. PT: 11:00 am. When the halving event occurs, miners will receive 50% less BTC for each block of transactions they add to the blockchain. However, they will continue to earn additional transaction fee rewards. Bitcoin’s last halving will reduce the subsidy reward for miners from 6.25 BTC to 3.125 BTC per block. These halving events will continue until the last Bitcoin is expected to be mined around the year 2140.
What’s next for Bitcoin?
Analysts at research and brokerage firm Bernstein expect Bitcoin to continue its bullish trajectory post-halving. The analysts predict a target of $150,000 by the end of 2025. On the other hand, Coinify CEO Rikke Staer suggests that less efficient miners may be forced to sell their existing Bitcoin holdings. She also notes that the halving is a “sell the news” event, as this could potentially stifle demand.
Miner revenues have soared this year with the rise in the BTC price. However, it remains to be seen the extent of the halving’s impact on overall network metrics following less efficient mining operations and hence a reduction in subsidy.
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