Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Robert Kiyosaki Expects Bitcoin’s Price to Continue to Rise – Says ‘I’ll Bet on It’ – Markets & Prices Bitcoin News
The author of Rich Dad Poor Dad, Robert Kiyosaki, expects the price of bitcoin to continue to rise. “I’ll bet 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’s price to continue to rise
The author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his confidence that the price of bitcoin 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 bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted on Tuesday:
Bitcoin up over 100% in a year. Will bitcoin continue to rise? I bet on it.
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.
The famous author added: “Why buy more gold, silver, bitcoin? Because the Fed, Treasury and Biden are liars.” This was not the first time he has expressed his distrust of the Federal Reserve, the Treasury Department and the Biden administration, warning that the US 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 Meter Says ‘Sell Gold Now.’ David Hunter says “Buy Gold Now.” Who do you think?” Noting that both men are smart, the renowned author stated, “All markets are made of buyers and sellers. Your job is to figure out the logic behind the seller and the buyer. Opposite logic makes you smarter, which is more valuable than $.
In an episode of his Rich Dad Radio Show, which aired last week, Kiyosaki revealed that he bought 60 bitcoins at $6,000 per coin. He detailed:
I owned bitcoin … I was waiting for it to get to $20,000, it went down to $1,000, $3,000 and I watched it and watched it. I wanted to make sure it hung around. So I picked up 60 bitcoin at $6000.
Kiyosaki has been recommending bitcoin alongside gold and silver for some time. In February, he predicted that BTC’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 people’s money”. Last December, he said that people who own gold, silver and bitcoin will become richer when the Fed swings and prints trillions of dollars, which 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 significantly. Venture capitalist Balaji Srinivasan bet in March that BTC 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 about the price of bitcoin? Let us know in the comments section below.
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