Robert Kiyosaki, best-selling author of Rich Dad Poor Dad, predicted that the price of bitcoin would reach $1.2 million within five years. Kiyosaki revealed that he bought bitcoin for $9,000, adding that he might buy the cryptocurrency again today or tomorrow, just because I’m more optimistic.
Robert Kiyosaki predicts that the price of bitcoin will exceed $1 million within 5 years.
Robert Kiyosaki shared his prediction on what he thinks the price of bitcoin will be. The writer Rich Dad Poor Dad predicted last December that the price of cryptocurrencies would reach $50,000 by 2021.
Rich Dad Poor Dad is a 1997 book written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. Over 32 million copies of the book have been sold in over 51 languages and in more than 109 countries.
In an interview with Kitco News last week, Kiyosaki was asked if it was too late to buy bitcoins at the current price of $50,000 to $60,000. Noting that there is always an entrance, the acclaimed author continued: I bought bitcoins for $9,000 and thought I’d be showered, but the reason I bought them for $9,000 is because Covid stopped the world economy, he said, adding that I wish I had bought them for 10 cents like many people did.
He continued: But now I seem like a genius, since bitcoin is now around $60,000. He also noted that the printing of government money, excessive stimulus measures and the devaluation of the US dollar have increased the appeal of bitcoin and gold. The author of Rich Dad Poor Dad wrote:
I think in five years it will be $1.2 million.
As for his bullish outlook on BTC prices, he was also asked if he thinks the government will intervene in some form. Some prominent figures believe that the government could take serious action against cryptocurrencies, including banning bitcoin, including Ray Dalio, founder of Bridgewater Associates, Michael Berry of The Big Short and Ron Paul.
I think they [the government] will try, Kiyosaki replied. But the problem is too big, he exclaimed. Our boarding houses are overcrowded. Baby boomers have no money. They cripple the economy. They’re going to print… another $1.9 billion. So it never worked. This is Gresham’s Law. Bad money throws good money out the window. So when a guy like me gets my hands on bitcoins, I never spend them. He noted that as a real estate broker, like former President Donald Trump, he borrows money when he needs it and spends it poorly.
Kiyosaki said he still supports Bitcoin and admitted: I prefer gold and silver, as bitcoin has not been tested yet. Nevertheless, he explained: But I can afford to take the damage if it goes wrong. But gold and silver is God’s money. I know this because I have traveled the world looking for it. The realization that he is not really a believer was adopted by a famous author: I am a big believer in gold and silver because it is God’s money. It was God who put it there.
Kiyosaki also told me he could buy bitcoin today or tomorrow, just because I’m more optimistic. But not according to him: I’m not bullish on gold, or bitcoin. I’m just a bear for Biden and his bunch of communists. That’s what I don’t like. I don’t trust the academic elite called Bernanke and Yellen, and now we have Powell. These guys are communists. They’re going to print money. They are the central bankers.
What do you think of Robert Kiyosaki’s prediction? Let us know your comments in the section below.
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frequently asked questions
What does Kiyosaki say about bitcoin?
Kiyosaki said printing government money, overstimulation and the devaluation of the U.S. dollar are the attractions of bitcoin and gold. I can’t stand Biden and his bunch of communists, that’s what I don’t like.
Is Rich Dad Poor Dad worth reading?
So, if you’re looking for help teaching kids about money, I’d pass up Rich Dad Poor Dad. There are better books for you. But if you are interested in buying and selling real estate, this book is a good place to start. Dave Kinzer is a music teacher and financial coach in Springfield.
What are the morals of a rich father compared to a poor father?
One of the most inspiring lessons from Rich Dad in this Rich Dad – Poor Dad section: Keep using your brain, work for free, soon your brain will show you ways to make far more money than I could ever pay you. You will see things that others will never see.
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