Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has shared his thoughts on bitcoin and why he loves it. According to Kiyosaki, he began investing in bitcoin back when it reached $6,000, buying “lots” of the cryptocurrency. The reason behind his decision was simple; he believes in bitcoin and thinks that it does not need the Fed or any governmental aid because it’s “people’s money.”
Kiyosaki has long recommended investing in cryptocurrencies such as bitcoin, gold, and silver. He believes that those who invest in these assets will be better off in the future. In a recent tweet, he reiterated his endorsement of Bitcoin, predicting that it will reach $100,000. However, back in February, he made an even bolder prediction, stating that bitcoin will hit $500,000 by 2025, with gold hitting $5,000 and silver reaching $500 in the same time period.
What sets Bitcoin apart from other investments, according to Kiyosaki, is its independence from governmental help. He believes that bitcoin is “people’s money” and that it has the potential to become even more valuable than gold.
Kiyosaki’s views on Bitcoin are not new. In a previous interview, he explained that he sees Bitcoin as a new type of currency that is “outside the control” of governments, central banks, and financial institutions. Furthermore, he thinks that it has the potential to become more valuable than fiat currencies, such as the United States dollar, and that it will only get more and more valuable as time goes on.
Despite his enthusiasm for Bitcoin and other cryptocurrencies, Kiyosaki has also warned about the global economy and the future of the US dollar. In a recent podcast, he said that the US economy is on the verge of a “crash landing,” with the federal reserve’s rate hikes likely to cause a major market correction. He has also spoken up about hyperinflation and warned of the dangers of not investing in assets such as gold, silver, and Bitcoin.
It is worth noting that while Kiyosaki’s endorsement of Bitcoin and other cryptocurrencies is well-known, his predictions and views should not be taken as financial advice. As with all investments, a degree of caution and research should be taken before making any significant decisions.
In the end, whether Bitcoin reaches $100,000 or even $500,000 remains to be seen. However, with Kiyosaki’s years of experience in the finance industry and his understanding of economics, his endorsement of Bitcoin is a sign that the cryptocurrency is not going anywhere anytime soon. For those who wish to invest in Bitcoin, it might be wise to pay heed to Kiyosaki’s advice and consider adding it to their portfolios as a long-term investment.
