The author of Rich Dad Poor Dad, Robert Kiyosaki, forecasts a continued ascent in cryptocurrency prices. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoin when the price of the cryptocurrency was at $6,000 per coin.
Robert Kiyosaki Sees Bitcoin’s Value Growing
The author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his expectation that the price of bitcoin will keep climbing. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been distributed in over 51 languages across more than 109 countries.
Kiyosaki tweeted Tuesday:
Bitcoin up over 100% in a year. Will bitcoin keep going up? I’m betting on it.
At the time of writing, bitcoin is trading at $30,264.50, up 82% year-to-date. However, the largest cryptocurrency is down 26% from the previous year but up 224% over the past five years.
The well-known author added: “Why buy more gold, silver, bitcoin? Because Fed, Treasury, and Biden are liars.” This was not the first time he has expressed his mistrust towards the Federal Reserve, the Treasury, and the Biden administration. He warned that the U.S. economy is on track for a crash landing.
On Monday, Kiyosaki advised investors to understand the reasons behind any buy or sell recommendations. He tweeted: “Steve Van Metre says ‘Sell gold now.’ David Hunter says ‘Buy gold now.’ Who do you believe?” Noting that both men are smart, the famous author stated: “All markets are made of buyers and sellers. Your job is to find out logic behind seller and buyer. Opposing logic makes you smarter which is more valuable than $.”
In an episode of his Rich Dad Radio Show, aired last week, Kiyosaki revealed that he bought 60 bitcoin at $6,000 per coin. He detailed:
I owned bitcoin … I waited for it to get to $20,000, it went down to $1,000, $3,000 and I watched it and watched it. I wanted to make sure it was gonna hang around. So I picked up 60 bitcoin at $6,000.
Kiyosaki has advocated bitcoin alongside gold and silver for some time. In February, he predicted that BTC’s price would reach $500,000 by 2025. He also predicted that gold would surge to $5,000, and silver to $500. He calls bitcoin “people’s money.” In December last year, he said people who own gold, silver, and bitcoin will get richer when the Fed pivots and prints trillions of dollars, which he calls “fake money.”
Aside from the Rich Dad Poor Dad creator, many others believe that the price of the largest crypto will rise substantially. Venture capitalist Balaji Srinivasan made a bet in March that BTC will be worth more than $1 million in 90 days. Pantera Capital recently said we are already in the next bull market cycle for bitcoin.
Do you agree with Rich Dad Poor Dad author Robert Kiyosaki about the price of bitcoin? Let us know in the comments section below.
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