Contents
- “Bitcoin is real money,” “gold crashes to $1,000”
- Bitcoin at $100,000 per Kiyosaki
‘Rich Dad Poor Dad’ Author Still Betting on Bitcoin, Says Gold May Crash
Yuri Molchan
Prominent investor cites predictions that gold could crash and maintains his support for Bitcoin
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Prominent investor, entrepreneur and author known for penning classic financial literacy book “Rich Dad Poor Dad,” Robert Kiyosaki, has taken to Twitter to share that he continues to bet on Bitcoin, even though he also believes in gold and silver.
However, he has cited a prediction from a respectable fund manager that says gold is about to crash.
“Bitcoin is real money,” “gold crashes to $1,000”
Robert Kiyosaki says that fund manager Steve Van Meter, whom he greatly respects, expects the price of gold to crash to $1,000. Per Kiyosaki, Meter believes the markets are “tired of waiting for gold to go higher.”
Should this price drop really happen, Kiyosaki says, he will buy more gold, since he is an investor and does not trade the assets he buys. Kiyosaki, who has been a vocal fan of BTC for the past three years, since the pandemic began, stated that for him, Bitcoin (as well as gold and silver) is real money, and “cash is garbage.”
In several earlier tweets, Kiyosaki said he expects the USD to collapse soon after the Federal Reserve prints dollars backed by nothing and injects them into the economy. Unlike other Bitcoin believers, he values both BTC and gold, adding silver to that list as well. Gold is currently trading at $1,981. It hit a record high of $2,020 on April 5.
Bitcoin at $100,000 per Kiyosaki
In a recent tweet, Kiyosaki speculated that Bitcoin may soon reach the $100,000 level. The reason for that is the same as above – Kiyosaki does not trust the US Federal Reserve. After the recent banking crisis that occurred in the United States in March – when about 10 major banks, including Silicon Valley Bank and Signature Bank, went out of business – a rescue operation by the US government followed.
Bitcoin didn’t need to be bailed out by the Fed, Kiyosaki tweeted, when it fell below $20,000 because BTC is “the people’s money.” Therefore, he expects the flagship cryptocurrency to rise to the $100,000 mark.
Before that, citing the same reasons, Kiyosaki said that by 2025, Bitcoin would reach $500,000. At the time of writing, BTC is changing hands at $27,519.
