Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his confidence in the continuous rise of Bitcoin’s price. Kiyosaki tweeted on Tuesday that he is betting on Bitcoin’s price to keep going up. At the time of writing, Bitcoin is trading at $30,264.50, up 82% year-to-date. However, the largest cryptocurrency is down 26% from the previous year but up 224% over the past five years.
Kiyosaki has been recommending Bitcoin, alongside gold and silver, for quite some time now. In February, he 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. He calls Bitcoin “people’s money.” In December last year, he said people who own gold, silver, and Bitcoin will get richer when the Fed pivots and prints trillions of dollars, which he calls “fake money.”
In an episode of his Rich Dad Radio Show, aired last week, Kiyosaki revealed that he bought 60 Bitcoin at $6,000 per coin. He detailed that he waited for Bitcoin to get to $20,000, and when it went down to $1,000 and $3,000, he watched it and wanted to make sure it was going to hang around. So he picked up 60 Bitcoin at $6,000. Kiyosaki also added that he doesn’t trust the Federal Reserve, the Treasury, and the Biden administration. He warned that the U.S. economy is headed for a crash landing.
On Monday, Kiyosaki advised investors to understand the reasons behind any buy or sell recommendations. He tweeted: “Steve Van Metre says ‘Sell gold now.’ David Hunter says ‘Buy gold now.’ Who do you believe?” Noting that both men are smart, the renowned author stated: “All markets are made of buyers and sellers. Your job is to find out the logic behind the seller and buyer. Opposing logic makes you smarter, which is more valuable than $.”
Besides the Rich Dad Poor Dad author, many others believe that the price of the largest crypto will rise substantially. Venture capitalist Balaji Srinivasan made a bet in March that BTC will be worth more than $1 million in 90 days. Pantera Capital recently said we are already in the next bull market cycle for Bitcoin.
It’s evident that Kiyosaki is confident in Bitcoin’s future, and his investment in the cryptocurrency is a testament to that. As Bitcoin continues to rise, it remains to be seen whether Kiyosaki’s predictions will come true.