Robert Kiyosaki, the best-selling writer of “Wealthy Dad Poor Dad,” has predicted that the value of bitcoin will improve to $1.2 million inside 5 years. Kiyosaki revealed that he purchased bitcoin at $9,000, including that he could purchase the cryptocurrency once more “at this time or tomorrow simply because I’m extra bullish on it.”
Robert Kiyosaki Expects Bitcoin’s Value to Surpass $1 Million in 5 Years
Robert Kiyosaki has shared his prediction of how excessive he thinks bitcoin’s worth can be. The Wealthy Dad Poor Dad writer precisely predicted in December final yr that the value of the cryptocurrency would attain $50,000 in 2021.
Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Listing for over six years. Over 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 international locations.
Kiyosaki was requested in an interview with Kitco Information final week whether it is too late to purchase bitcoin on the present worth of between $50,000 and $60,000. Noting that “There may be all the time the entry level,” the well-known writer proceeded to share: “I purchased bitcoin at $9,000 and I assumed I used to be being fleeced however the motive I purchased it at $9,000 was as a result of Covid shut down the world economic system,” he mentioned, including that “I want I purchased it at 10 cents like lots of people did.”
He continued, “However now I seem like a genius,” given the value of bitcoin is at the moment round $60,000. He moreover identified that cash printing by the federal government, extreme stimulus, and the devaluation of the U.S. greenback are what give bitcoin and gold their enchantment. The Wealthy Dad Poor Dad writer elaborated:
I believe it’s going to $1.2 million in 5 extra years.
Concerning his bullish BTC worth prediction, he was additional requested whether or not he thinks the federal government would intervene in a single type or one other. A number of notable individuals consider that the federal government may take critical measures in opposition to cryptocurrency, together with outlawing bitcoin, together with Bridgewater Associates founder Ray Dalio, The Huge Brief’s Michael Burry, and Ron Paul.
“I believe they [the government] will strive,” Kiyosaki replied. “However, the issue is simply too huge,” he exclaimed. “Our pensions are going bust. Child boomers haven’t any cash. They shut down the economic system. They’re gonna print … one other $1.9 trillion. So, it has by no means labored. It’s Gresham’s legislation. Dangerous cash drives out good cash. So, when a man like me will get my hand on bitcoin, I’ll by no means spend it.” He famous that as an actual property man, like former President Donald Trump, when he wants cash, he would borrow it and spend the “faux cash.”
Whereas affirming that he nonetheless advocates for bitcoin, Kiyosaki admitted: “I want gold and silver as a result of bitcoin continues to be untested.” Nonetheless, he proceeded to clarify: “However I’ve the wherewithal to resist the hit if it goes down. However gold and silver are God’s cash. I do know as a result of I’ve traveled the world searching for these items.” Clarifying that he’s “probably not non secular,” the well-known writer reiterated: “I’m very a lot in favor of gold and silver as a result of it’s God’s cash. God put it right here.”
Kiyosaki additionally revealed that he could purchase bitcoin “once more at this time or tomorrow simply because I’m extra bullish on it.” Nevertheless, he opined: “I’m not bullish on gold over bitcoin. I’m simply bearish on Biden and his communist gang. That’s what I don’t like. I don’t belief the tutorial elite that’s referred to as Bernanke and Yellen and now we’ve got Powell. These guys are communists. They’ll print cash. They’re central bankers.”
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