- Robert Kiyosaki expects Bitcoin’s price to keep going up after it displayed an amazing performance since the start of the year.
- Kiyosaki bought 60 BTC when the price of the big crypto was at $6,000 per coin.
- According to the Rich Dad Poor Dad author, Bitcoin will hit $500,000 by 2025.
Robert Kiyosaki, the author of the best-selling personal finance book Rich Dad, Poor Dad, is optimistic about Bitcoin (BTC). On April 18, Kiyosaki told his followers on Twitter that he firmly believes the pioneer cryptocurrency will keep going up after achieving growth of almost 100% in 2023. Bitcoin appreciated from around $15,500 in 2022 to $31,000 earlier this month.
Kiyosaki’s love for Bitcoin
The Rich Dad, Poor Dad author disclosed that he is buying additional gold, silver, and Bitcoin. The reason is that he no longer trusts the Federal Reserve, the U.S. treasury department, and Joe Biden, the President of the U.S. During his show on his Youtube channel earlier this year, Kiyosaki said he first bought Bitcoin at $6,000.
In a recent tweet, Kiyosaki expressed his love for Bitcoin and shared how he watched it rise to $20,000 before falling to $3,000, which led him to think that the digital asset had ended.
He added that after watching Bitcoin rise to $6,000, he decided to buy lots of them. The motivation behind this is that people support Bitcoin and not the U.S. Federal Reserve or the Government. Kiyosaki labels Bitcoin as “people’s money,” the reason the digital asset did not need the government or the Federal Reserve to be bailed out. He said:
“….. people support B.C., not FED or Gov. BC did not need FED or Gov bailout because of B.C. people’s money. B.C. to $100k. Long live B.C.“
Rich Dad, Poor Dad Author Believes BTC Will Reach $500K In 3 Years
Kiyosaki urged people to avoid saving dollars owing to the Fed’s questionable policies in previous years. He was among the few to foresee the global financial crisis in 2008 and believes that by 2025, Bitcoin will have reached $500,000 due to an impending economic crash and a growing skepticism of the U.S. currency.
The entrepreneur, investor, motivational speaker, and author forecasted earlier this year that the markets are headed for a significant downturn that will lead to the Federal Reserve issuing enormous amounts of fiat money once again.
In his Feb 13 tweet, Kiyosaki said:
“Giant crash coming. Depression is possible. The Fed was forced to print billions in fake money. By 2025 gold will be at $5,000, silver at $500, and Bitcoin at $500,000. Why? Because faith in the U.S. dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin people’s $.”
In the face of probable turmoil, Kiyosaki advises people to invest in gold, silver, and bitcoin, forecasting that the most valuable digital asset will reach $500,000 in three years. He continued by saying that while silver could trade at $500, gold could rise to $5,000.
The rich and poor dad categorized Bitcoin as “people’s money,” whereas gold and silver are “God’s money.”
In December last year, Kiyosaki stated that all cryptocurrencies, except for bitcoin, are securities and will be targeted by the US SEC. Thus, the only digital asset still worth investing in is bitcoin (BTC) because it is classified as a commodity like gold, silver, and oil.
