Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has taken to Twitter to share his love for bitcoin and why he invested in the cryptocurrency. He predicts that bitcoin will reach $100,000 and emphasized that it does not require government or Fed bailout because it is “people’s money.” Kiyosaki previously recommended investing in bitcoin, gold, and silver. He also warned about the US economy and the direction of the US dollar, predicting a crash landing ahead and hyperinflation.
Kiyosaki’s tweet on Thursday revealed that he loves bitcoin and expects its price to reach $100,000. He bought “lots” of bitcoin when its price was at $6,000 because he believes in the support that people have for bitcoin, rather than the government or Fed. In a recent Rich Dad Radio show, he revealed that he purchased 60 bitcoins at $6,000 per coin and some more at $9,000. He has previously recommended investing in bitcoin, gold, and silver and predicted that bitcoin’s price will keep rising.
Kiyosaki’s book, Rich Dad Poor Dad, co-authored with Sharon Lechter, has been on the New York Times Best Seller List for over six years. The book has sold over 32 million copies in over 51 languages across more than 109 countries. Kiyosaki’s tweet on bitcoin came after he watched the cryptocurrency’s price climb to $20,000 and then shed most of its value. He believed that bitcoin was finished at that time. However, when its price slowly climbed to $6,000, he invested in it.
Kiyosaki has repeatedly warned about the US economy and the direction of the US dollar. Last month, he predicted a crash landing ahead, noting that the Federal Reserve’s rate hikes will crash stocks, bonds, real estate, and the US dollar. He also warned of hyperinflation. Kiyosaki’s love for bitcoin stems from the fact that it does not require government or Fed bailout because it is “people’s money.” He believes that bitcoin’s price will keep rising and predicts that it will reach $100,000, while gold will hit $5,000, and silver will reach $500 by 2025.
In conclusion, Kiyosaki’s love for bitcoin and his investment in it is not surprising, given his previous recommendations to invest in bitcoin, gold, and silver. He believes that bitcoin’s price will keep rising and predicts that it will reach $100,000. Kiyosaki’s warning about the US economy and the direction of the US dollar should not be taken lightly, given his track record of predicting economic crashes and hyperinflation.
