Robert Kiyosaki, author of “Rich Dad Poor Dad,” expects bitcoin prices to continue rising.
“I’ll bet it,” he said.
Kiyosaki also shared that he bought 60 BTC when the price was $6,000.
Robert Kiyosaki – Author of Rich Dad Poor Dad
Robert Kiyosaki Expects Bitcoin Price to Continue to Rise
Robert Kiyosaki, author of “Rich Dad Poor Dad,” said he believes the king of cryptocurrencies will continue to rise. “Rich Dad Poor Dad” is a 1997 book co-authored by Kiyosaki and Sharon Leichter. The work has been on the New York Times bestseller list for six consecutive years. Over 32 million copies have been sold in over 109 countries and in over 51 languages.
Kiyosaki is tweet Tuesday:
“Bitcoin is up over 100% in a year. Will the price keep going up? I bet.”
At the time of writing, BTC is trading at $29,233, up 77% year-to-date. However, the largest cryptocurrency is down 26% year-over-year, but is up 224% over the past 5 years.
The famous writer added:
“Why buy gold, silver, bitcoin? Because the Federal Reserve (Fed), the US Treasury and the Biden administration are all liars.”
This is not the first time he has expressed doubts about the institutions. He warned that the U.S. economy was headed for collapse.
Monday Kiyosaki suggestion Investors should understand the reasons for any buy or sell recommendations.
“Steve Van Meter says ‘sell gold now’. David Hunter says ‘buy gold now’. Who do you believe?”
Noting that both are smart, the famous author said:
“All markets have buyers and sellers. Your job is to figure out the logic of buyers and sellers. Contradictory arguments will make you smarter, which is worth more than a dollar.”
On a rich dad radio show that aired last week, Kiyosaki revealed that he bought 60 bitcoins for $6,000.
“I own bitcoin … I wait for it to go to $20,000, it goes to $1,000, it goes to $3,000, and I watch it. I bought 60 bitcoins at $6,000.”
Kiyosaki has been recommending BTC as well as gold and silver for a long time. In February of this year, he predicted that BTC would reach $500,000 by 2025. He also predicted $5,000 for gold and $500 for silver. He called Bitcoin “everyone’s money.” In December, he said holders of gold, silver and bitcoin would get richer as the Fed changes its mind and prints trillions of dollars, which he calls “fake money.”
Not only the author Rich Dad Poor Dad, but many others believe that the price of the largest cryptocurrency will rise significantly. Venture capitalist Balaji Srinivasan bet in March that BTC would surpass $1 million in value within 90 days. Pantera Capital recently stated that we are in the next bull cycle for the king of cryptocurrencies.
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