Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin – Expects BTC To Reach $100,000 – Markets & Prices Bitcoin News
Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he started investing in the cryptocurrency. Expecting to see $100,000 per bitcoin, he stressed that the crypto does not need the Fed or government bailouts because it is “people’s money.”
Why Robert Kiyosaki Loves Bitcoin
Rich Dad Poor Dad author Robert Kiyosaki shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC reach $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. Over 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted Thursday, explaining that years ago he saw the price of the largest cryptocurrency climb to $20,000 and then lose almost all of its value. At that point, he thought bitcoin was done. But when BTC slowly climbed to $6,000, he bought “lots” of it. His rationale was that people support bitcoin and not the Fed or the government. Bitcoin didn’t need the Fed or the government to save it because it’s the people’s money.
In a recent Rich Dad Radio show, the famous author revealed that he bought 60 bitcoins at $6,000 per coin. He also previously said that he bought some more BTC at $9,000.
Kiyosaki has recommended bitcoin along with gold and silver for quite some time. He recently said that he expects the price of bitcoin to continue to rise. In his Thursday tweet, he mentioned $100,000 as a price for bitcoin. However, he predicted in February that bitcoin will reach $500,000 by 2025 while gold will reach $5,000 and silver will reach $500 in the same time period.
The acclaimed author also warned repeatedly about the US economy and the direction the US dollar is headed. Last month he predicted a crash landing ahead, noting that the Federal Reserve’s interest rate hikes will crash stocks, bonds, real estate as well as the US dollar. He also warned of hyperinflation.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warning and why he loves bitcoin? Let us know in the comments section below.
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