Vocal Bitcoin bull Robert Kiyosaki has turned his attention to another asset with high-profit potential: Apple stocks. While Kiyosaki typically extols the virtues of Bitcoin, gold, and silver in his tweets, his recent tweet has Apple investors buzzing with curiosity.
Kiyosaki pointed out a significant development in the tech giant’s camp – Apple CEO Tim Cook’s decision to sell his own shares of Apple stock. This move coincided with a downgrade in the company’s rating by Keybank, raising eyebrows in the financial world.
Although Kiyosaki doesn’t currently hold any Apple shares, he suggested that the recent drop in Apple’s stock price, which has dipped below the $150 mark, might be an opportune time to consider an investment.
“I do not own any Apple,” he revealed on X. “Maybe it’s time to buy Apple if shares drop below $150.” As of the latest market data, Apple Inc. (AAPL) is trading at $174.91 per share on the NASDAQ.
Tim Cook dumps his share of Apple. Keybank downgrades Apple. I still love Apple. I do not own any Apple. May be time to buy Apple if Apple shares drop below $150.
— Robert Kiyosaki (@theRealKiyosaki) October 4, 2023
Robert Kiyosaki’s Love For Bitcoin, Gold And Silver
Kiyosaki’s endorsement of Apple stocks marks a departure from his usual emphasis on cryptocurrencies and precious metals. He has long been an advocate for Bitcoin, gold, and silver as hedges against economic uncertainty and inflation. However, this shift in focus towards a tech giant like Apple indicates the evolving dynamics of the investment landscape.
BTCUSD selling at $27,710 on the daily chart: TradingView.com
Despite the gains in the cryptocurrency market, the influence of the bears remains a relevant factor, according to CoinStats. Over the past 24 hours, Bitcoin’s price has seen a marginal increase of 0.11%, but it has broken through the recently formed support level of $27,560. Should the daily closing price remain below this threshold, there is a heightened risk of further decline, possibly down to the $27,000 range.
For those eyeing a potential reversal in the midterm, buyers may need to see the Bitcoin rate climb back to the $29,000 range and hold steady above it. This would indicate a more bullish sentiment and potentially a brighter outlook for the cryptocurrency.
Bitcoin’s Current Price and Recent Performance
As of the most recent data from CoinGecko, Bitcoin is currently trading at $27,690 with a modest 24-hour gain of 0.1%. Over the past seven days, the cryptocurrency has shown a 2.0% gain, reflecting the ongoing volatility and uncertainty in the market.
Kiyosaki’s surprising endorsement of Apple stocks highlights the ever-changing nature of investment opportunities. While Bitcoin remains a central focus for many investors, Kiyosaki’s willingness to consider traditional assets like Apple stocks underscores the need for diversification in a constantly evolving financial landscape.
As Bitcoin’s price continues to fluctuate, investors must carefully monitor key support and resistance levels to navigate the cryptocurrency market effectively.
Featured image from iStock