Robert Kiyosaki, the author of the bestseller “Rich Dad Poor Dad,” believes that Bitcoin will rise to $500,000 by 2025 due to an incoming market crash and a back-to-back distrust of the US dollar.
He previously warned people to avoid traditional fiat currencies during uncertain times and focus on BTC or gold.
Kiyosaki’s Last Tips
The American entrepreneur, investor, motivational speaker, and author predicted that markets are ripe for a serious correction, which will trigger another massive printing of fiat currencies by the Federal Reserve.
Kiyosaki believes that people should embrace bitcoin, gold and silver amid that potential turmoil, predicting that the leading digital asset will hit $500,000 in three years. He added that the yellow metal could go as high as $5,000 while silver could trade as high as $500.
The main reason for the price expansion of those assets could be undermined faith in the US dollar, which he described as “fake money”. On the other hand, he classified gold and silver as “God’s money”, while bitcoin is “people’s $”.
A giant crash is coming. Depression possible. The Fed was forced to print billions in counterfeit money. By 2025, gold at $5,000, silver at $500, and Bitcoin at $500,000. Because? Because faith in the US dollar, counterfeit money, will be destroyed. Money of the gods of gold and silver. $ from Bitcoin people. Take care.
—Robert Kiyosaki (@theRealKiyosaki) February 13, 2023
Kiyosaki was one of the few who predicted the severe economic crisis of 2008. In recent years, he has warned of a new financial meltdown, urging people to avoid saving dollars because of the Fed’s controversial policies.
BTC is the key to future happiness
the american opined in October of last year that bitcoin, gold and silver will continue their downward trend as long as the Federal Reserve continues to raise interest rates. However, he sees it as a buying opportunity and says investors who pick those assets will “smile” once the US central bank turns.
Before that, he list Several reasons why the dollar will lose its supremacy in the future, which means that people should embrace BTC, the main one being the US government borrowing “too much money”. The world’s leading economy had an external debt of more than $31 trillion as of January 2023.
According to Kiyosaki, other factors that could drive bitcoin’s valuation are the authorities’ intention to “keep interest rates low” and runaway inflation.
He opined last month that all cryptocurrencies besides bitcoin are securities, which means the US SEC will go after them. As such, BTC remains the only digital asset worth investing in.
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