Bitcoin to reach $500,000 in 3 years
- According to Robert Kiyosaki, the crypto market is likely to experience a severe correction and could lead to the Federal Reserve printing more fiat money.
- He predicted that Bitcoin would bounce back to $500,000 in three years while gold and silver trade at $5,000 and $500 respectively.
The author of the popular book Rich Dad Poor Dad, Robert Kiyosaki has long been a Bitcoin enthusiast with plenty of investment advice around the digital asset. Last December, he stated that Bitcoin holders would likely become richer when the Fed changes monetary policy and prints more money. Also, he favors precious metals such as gold and silver as he believes they are likely to provide more value, unlike dollar savings. The American businessman, investor, motivational speaker and author has once again predicted a huge rise for Bitcoin.
According to him, the market is likely to experience a severe correction and could lead to the Federal Reserve printing more fiat money. Kiyosaki believes that the expected correction should be a huge opportunity to embrace bitcoin, gold and silver. He further predicted that after the turbulence, Bitcoin will bounce back to $500,000 in three years while gold and silver trade at $5,000 and $500 respectively. The acclaimed author stated that faith in the US dollar would be undermined, leading to price increases in these assets. According to him, Bitcoin is “the people’s dollar”, while gold and silver are “God’s money”.
Huge crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in the American dollar, fake money, will be destroyed. Gold and silver God’s money. Bitcoin people’s $. Have a good time.
Bitcoin may be the only non-security asset standing
This prediction has given some level of hope among the crypto community considering the accuracy of his previous forecasts. It can be recalled that Kiyosaki accurately predicted the severe economic crisis of 2008. He has been very consistent in urging people to move away from saving dollars due to the controversial policies of the Fed. Kiyosaki has predicted that another financial collapse is in the pipeline.
In October 2022, he predicted that Bitcoin, silver and gold will continue their retreat as the Fed continues to raise interest rates.
Huge crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in the American dollar, fake money, will be destroyed. Gold and silver God’s money. Bitcoin people’s $. Have a good time.
He also stated that the downtrend was the perfect opportunity for investors to continue buying, and could provide a massive gain as the US Federal Reserve fluctuates. According to him, the US government is borrowing too much and may end the supremacy of the US dollar. As of January 2023, the United States had an external debt of $31 trillion.
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Bitcoin could also benefit greatly from the government’s intention to reduce interest rates amid rising inflation. Additionally, there is a strong possibility that the US Securities and Exchange Commission may go after all other cryptos except Bitcoin. This could open up more investments as the only non-security asset.
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