Robert Kiyosaki, the author of the popular book Rich Dad Poor Dad, recently expressed his confidence in the future price of bitcoin.
In a tweet, Kiyosaki noted that bitcoin has increased in value by over 100% in the past year and he expects the price to continue to rise. Despite a 25% dip from the previous year, bitcoin is up 80% year-to-date and 225% over the past five years, currently trading at $30,228.
Kiyosaki also shared his distrust of the Federal Reserve, the Treasury, and the Biden administration. He warned that the U.S. economy is headed for a crash landing and advised investors to understand the reasons behind any buy or sell recommendations.
In a recent episode of his Rich Dad Radio Show, Kiyosaki revealed that he bought 60 bitcoin at $6,000 per coin. He has been recommending bitcoin alongside gold and silver for some time, and in February predicted that BTC’s price would reach $500,000 by 2025. He also predicted that gold would surge to $5,000 and silver to $500.
While Kiyosaki’s predictions are not universally shared, he is not alone in his optimism. Venture capitalist Balaji Srinivasan recently made a bet that BTC will be worth more than $1 million in 90 days, and Pantera Capital recently said we are already in the next bull market cycle for bitcoin. As always, investors should carefully consider their options and do their research before making any investment decisions.