Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” has expressed confidence in Bitcoin’s future, predicting that its price will reach $150,000. Kiyosaki, known for co-authoring the 1997 bestseller with Sharon Lechter, highlighted his satisfaction with having purchased Bitcoin years ago, especially in light of the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds (ETFs). He emphasized his belief in Bitcoin’s imminent surge to $150,000 and stated his intention to acquire more gold, silver, and Bitcoin using what he referred to as “fake dollars.”
Additionally, Kiyosaki highlighted his views on precious metals, stating that gold is set to rise due to central banks buying and holding it without selling, while silver may experience a decline as some silver investors sell to meet financial obligations caused by increasing inflation. He viewed this as positive news for those who accumulate silver, seeing it as an opportunity to buy more as the price drops. Kiyosaki consistently refers to fiat currencies as “fake money,” asserting that the U.S. dollar lost its real value when it was detached from the gold standard in 1971 by President Richard Nixon. He explained that instead of being backed by tangible assets like gold, the U.S. dollar became reliant on the “full faith and credit” of the United States.
Consistently promoting investments in gold, silver, and bitcoin, Robert Kiyosaki, the author of “Rich Dad Poor Dad,” underscores bitcoin as a crucial hedge against hyperinflation. Kiyosaki’s optimistic predictions for Bitcoin range from short-term estimates of $135,000 to a potential $1 million in the face of a global economic crisis. In a February forecast, he anticipated a $500,000 valuation for Bitcoin by 2025, with parallel significant increases projected for gold ($5,000) and silver ($500) within the same timeframe.
This positive outlook on Bitcoin is echoed by other influential figures in the financial sector. Venture capitalist Tim Draper foresees the cryptocurrency hitting $250,000 this year, while both Standard Chartered and Alliance Bernstein predict a $200,000 valuation by 2025, buoyed by recent approvals of spot bitcoin ETFs. Ark Invest CEO Cathie Wood also shares the expectation of a substantial price surge following the introduction of these ETFs.
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