Robert Kiyosaki, author of “Rich Dad, Poor Dad,” expects bitcoin prices to keep rising.” I am betting on it,” he said. Kiyosaki also reveals that he bought 60 bitcoins when the cryptocurrency’s price was $6,000 per coin.
Robert Kiyosaki expects bitcoin prices to keep going up
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has expressed confidence that the price of bitcoin will continue to rise. Rich Dad, Poor Dad is a book co-authored by Kiyosaki and Sharon Lechter and published in 1997. It has been on the New York Times bestseller list for more than six years; more than 32 million copies have been sold in more than 109 countries and in more than 51 languages.
Kiyosaki tweeted Tuesday:
Bitcoin up over 100% in a year. Will bitcoin keep going up? I’m betting on it.
At the time of this writing, bitcoin is trading at $30,264.50, up 82% since the beginning of the year. However, the largest cryptocurrency is down 26% year over year, but up 224% over the past five years.
The famous writer further asks, “Why buy more gold, silver, and bitcoin? Because the Fed, the Treasury, and Biden are liars.” This is not the first time he has expressed 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.
On Monday, Kiyosaki advised investors to understand the reasons for his buy and sell recommendations. He tweeted: Steve Van Metre says, “Sell gold now.” David Hunter says, ‘Buy gold now. Which do you believe?” Noting that both men are wise, the distinguished author says: “All markets are made up of buyers and sellers. Your job is to find the logic behind the sellers and buyers. By disagreeing with the logic, you become smarter, and that is worth more than dollars.”
On an episode of the Rich Dad Radio Show that aired last week, Kiyosaki revealed that he purchased 60 bitcoins at $6,000 per coin. He elaborated:
I owned bitcoins and waited for them to get to $20,000 and then watched as they went down to $1,000 and then $3,000. I wanted to see if bitcoin would stay around. So I picked up 60 bitcoins at $6,000.
Kiyosaki has been recommending bitcoin alongside gold and silver for quite some time, and in February hepredicted that the price of BTCwould reach $500,000 by 2025. He also predicted that gold would soar to $5,000 and silver to $500. He called bitcoin “people’s money.” Last December, he said that if the Fed pivoted and printed trillions of dollars, people with gold, silver, and bitcoin would get richer, calling it “fake money.”
Many others besides the authors of Rich Dad Poor Dad believe that the price of the largest crypto will rise significantly. Venture capitalist Balaji Srinivasan made abet in March that BTCwould be worth more than $1 million in 90 days; Pantera Capital recently told us a