Robert Kiyosaki shared his love for Bitcoin; Predict BTC to $100k
Ever since its inception, Bitcoin has been the market leader in cryptocurrency. People have argued that BTC will reach new heights, citing its ability to change the global economic demographics. Rich Dad Poor Dad author Robert Kiyosaki recently professed his love for Bitcoin and expected it to reach $100k.
Robert Kiyosaki loves Bitcoin
During a recent Rich Dad show, Robert Kiyosaki shared his love for Bitcoin and revealed his expectation to see BTC touch the $1,000,000 mark soon. He pointed out that, unlike fiat, cryptocurrencies do not require the Fed or government bailouts, since they are “people’s money”.
In his April 21 tweet, he explained how years ago he watched the volatility of Bitcoin as it hit the $20,000 mark and dropped to almost nothing. He thought BTC was done then, but when it climbed to around $6,000, he bought “lots” of it. During the show, he also recalled that he bought a few more BTCs when it hit $9,000.
Kiyosaki is known for providing simple and understandable financial advice through his books and shows. He has been recommending Bitcoin along with commodities like gold and silver as suitable investments for some time. Although he wants BTC to touch the $1M mark, he predicted that the cryptocurrency would reach $500,000 by 2025, silver would be around $500, and gold could reach $5,000.
The author is also known for repeatedly arguing about the US economy and the direction of the US dollar. However, in March 2023, Kiyosaki predicted a crash landing while arguing that the Federal Reserve rate hike would crash stocks, bonds, real estate and the USD. The author also gave a warning about hyperinflation.
On March 13, 2023, Kiyosaki reiterated his Bitcoin, Gold and Silver recommendations. Citing the bailouts and closings of Silicon Valley Bank and Signature Bank, he said the Fed would not inject more “fake money” into it “sick economy”.
After the collapse of these banks, the U.S. Treasury Department, The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board issued a joint statement that the depositors of SVB and Signature Bank would be paid in full without any burden on taxpayers.
Robert calls US dollar- counterfeit money
Kiyosaki calls the USD fake money because it is backed simply by the faith and credit of the US government rather than being linked or linked to real money or an asset or commodity such as gold. The US is in the process of bringing back the gold standard for its currency, where a certain amount of gold would back the USD.
The famous book Rich Dad Poor Das was published in 1997 and was co-authored by Sharon Lecher. Since then, it has changed countless lives and was even on the New York Times list for over six years. The famous book has been sold in more than 109 countries, translated into over 51 different languages and sold over 32 million copies.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
