Robert Kiyosaki, renowned author of the financial book Rich Dad Poor Dad, has expressed his belief in the long-term value of Bitcoin (BTC) and precious metals like gold and silver. In a recent interview with Kitco News, Kiyosaki expressed his belief that Bitcoin’s value will continue over time.
best selling author #Robert Kiyosaki Earn more than 300% profit #bitcoin invest @azcoinnews https://t.co/c8RokXzPp4
— Kyptos (@azcoinnews) February 25, 2023
Kiyosaki cited his personal experience with bitcoin as proof of its stability. When Bitcoin hit $20,000, he said he didn’t know when it would drop again, but he bought 60 BTC at $6,000. People buy bitcoin and other cryptocurrencies for the same reason he invests in gold and silver because he no longer trusts the dollar.
Kiyosaki’s Bitcoin investment has grown by more than 300% since the cryptocurrency king breached the $24,000 mark. Currently, Bitcoin is trading at $23,100. Kiyosaki predicted that the value of Bitcoin and precious metals will soar in the next few years, saying: “A big crash is coming…The Fed must print trillions of dollars of counterfeit money to keep the economy running. Gold will reach $5,000 by 2025 /oz, silver will hit $500/oz, bitcoin will hit $500,000/coin. Why trust fake dollars in ruins? Gold and silver are the gods of money, bitcoin is everyone’s money.”
According to Kiyosaki, bitcoin is one of the best cryptocurrencies to invest in because, unlike other cryptocurrencies, regulators tend to take a neutral stance on it. He noted that many governments, including the United States, are increasingly interested in regulating cryptocurrencies. Therefore, it is important to invest in the correct cryptocurrencies that regulators will not consider safe.
All in all, Kiyosaki’s belief in the long-term sustainability of Bitcoin and precious metals may encourage investors to consider diversifying their portfolios by adding these 3. While the cryptocurrency market is known for its high volatility, Kiyosaki’s endorsement of bitcoin could help boost its profile as a viable investment option for those looking to protect their assets.
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according to Kyptos