Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to continue to rise. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoins when the price of the cryptocurrency was $6,000 per coin.
Robert Kiyosaki Expects Bitcoin Price to Continue Rising
Rich Dad Poor Dad author Robert Kiyosaki has expressed confidence that the bitcoin price will continue to rise. 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 sold in more than 51 languages in more than 109 countries.
Kiyosaki tweeted on Tuesday:
Bitcoin is up more than 100% in one 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% from the previous year. However, the largest cryptocurrency is down 26% from the previous year, but is up 224% over the last five years.
The famous author added: “Why buy more gold, silver, bitcoin? Because the Fed, the Treasury and Biden are liars.” This was not the first time that he expressed his distrust of the Federal Reserve, the Treasury and the Biden administration. He warned that the US economy is heading for a hard landing.
On Monday, Kiyosaki advised investors to understand the reasons behind any buy or sell recommendation. He tweeted: “Steve Van Meter Says ‘Sell Gold Now.’ David Hunter Says ‘Buy Gold Now’. Who do you believe? Pointing out that both men are intelligent, the renowned author stated: “All markets are made of buyers and sellers. His job is to figure out the logic behind the seller and the buyer. The opposite logic makes you smarter, which is more valuable than $”.
On an episode of the Rich Dad Radio Show, which aired last week, Kiyosaki revealed that he bought 60 bitcoins at $6,000 per coin. He detailed:
I had bitcoin… I waited for it to go to $20,000, it went down to $1,000, $3,000 and I watched and watched. I wanted to make sure he was going to stay. So I collected 60 bitcoins at $6,000.
Kiyosaki has been recommending bitcoin alongside gold and silver for quite some time. In February, he predicted that BTCThe ‘s price would reach $500,000 by 2025. He also predicted that gold would rise to $5,000 and silver to $500. He calls bitcoin “the money of the people.” In December of last year, he said that people who own gold, silver and bitcoin will get richer when the Fed spins up and prints trillions of dollars, what he calls “fake money.”
In addition to the author of Rich Dad Poor Dad, many others believe that the price of the largest crypto will rise substantially. Venture capitalist Balaji Srinivasan made a bet in March that BTC it will be worth more than $1 million in 90 days. Pantera Capital recently said that we are already in the next bull market cycle for bitcoin.
Do you agree with Rich Dad Poor Dad author Robert Kiyosaki on the price of bitcoin? Let us know in the comments section.
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