Best-Selling Author Explains Why Bitcoin Will Hit $100,000

American businessman and best-selling author Robert Kiyosaki continues to see enormous potential in Bitcoin despite the current price decline. In a tweet from today, he predicts that the BTC price will reach $100,000. However, he does not reveal a time frame for this.

In the tweet, Kiyosaki shared his love for Bitcoin, citing its independence from governments, financial institutions and central banks as one of the main reasons for his prediction. According to the author of the best-selling book “Rich Dad, Poor Dad,” this feature makes BTC a safer investment than traditional assets like stocks and bonds. He tweeted:

I thought BTC was done. Then BTC slowly climbed to $6k and I bought a lot. WHY? Because people support BTC not FED or Gov. BTC didn’t need FED or Gov bailout because BTC people’s money. BTC to $100k. Long live BTC.

If Bitcoin were to reach this price, BTC’s market cap would be approximately $1.935 trillion. This would still put Bitcoin’s market cap seven times lower than gold ($13.19 trillion) at current values.

Kiyosaki advises on Bitcoin as well as gold, silver

In addition, the author also regularly recommends buying gold and silver in his tweets. He justifies this investment advice with an expected rise in the price of precious metals. Remarkably, the author is not alone in doing so.

But his preference for Bitcoin has other reasons. In a tweet on Tuesday, Kiyosaki wrote that the BTC price will continue to rise despite a 100% increase in a year. “I bet on it,” explained the author, who also revealed that he has bought more gold and silver in addition to Bitcoin. “Why? Because the Fed, Treasury and Biden are liars,” Kiyosaki said.

In mid-March he did elaborated about that statement in more detail. The rich dad explained that central bank governor Jerome Powell has been fooling everyone. According to him, this will lead to a massive crash in traditional markets:

FED’s Powell celebrated everyone. Raising interest rates will crash stocks, bonds, real estate and the US dollar. NEXT CRASH: $1 quadrillion derivatives market. 1 quadrillion is 1 thousand trillion dollars. God have mercy on our world. Klaus Schwab owns Powell, Yellin and Biden’s souls.

Robert Kiyosaki has been investing in Bitcoin since 2020

Digging through the multimillionaire’s Twitter feed, Kiyosaki’s enthusiasm for Bitcoin dates back to 2020. On April 1, 2020, one of his first tweets appeared in which Kiyosaki recommended buying Bitcoin in addition to gold.

In mid-May 2020, he announced that he had made further investments in gold and silver. In addition, he publicly proclaimed for the first time that he had also invested in BTC. From his own account, he bought BTC at a price of $9,800. However, it is unclear if this was Kiyosaki’s first Bitcoin investment or if it was a re-buy.

At press time, BTC was still struggling to hold above $28,000.

Featured image from 5ROI Global Info, chart from TradingView.com