Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Rich Dad Poor Dad Author Thinks Bitcoin Price Will Be $1.2 Million in 5 Years

Rich Dad Poor Dad Author Thinks Bitcoin Price Will Be $1.2 Million in 5 Years

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that the price of bitcoin will increase to $1.2 million within five years. Kiyosaki revealed that he bought bitcoin at $9,000, adding that he may buy the cryptocurrency again “today or tomorrow just because I’m more bullish on it.”

Robert Kiyosaki has shared his prediction of how high he thinks bitcoin’s price would be. The Rich Dad Poor Dad author accurately predicted in December last year that the price of the cryptocurrency would reach $50,000 in 2021.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki was asked in an interview with Kitco News last week if it is too late to buy bitcoin at the current price of between $50,000 and $60,000. Noting that “There is always the entry point,” the famous author proceeded to share: “I bought bitcoin at $9,000 and I thought I was being fleeced but the reason I bought it at $9,000 was because Covid shut down the world economy,” he said, adding that “I wish I bought it at 10 cents like a lot of people did.”

He continued, “But now I look like a genius,” given the price of bitcoin is currently around $60,000. He additionally pointed out that money printing by the government, excessive stimulus, and the devaluation of the U.S. dollar are what give bitcoin and gold their appeal. The Rich Dad Poor Dad author elaborated:

"I think it’s going to $1.2 million in five more years."

Regarding his bullish BTC price prediction, he was further asked whether he thinks the government would intervene in one form or another. Several notable people believe that the government could take serious measures against cryptocurrency, including outlawing bitcoin, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul.

“I think they [the government] will try,” Kiyosaki replied. “But, the problem is too big,” he exclaimed. “Our pensions are going bust. Baby boomers have no money. They shut down the economy. They’re gonna print … another $1.9 trillion. So, it has never worked. It’s Gresham’s law. Bad money drives out good money. So, when a guy like me gets my hand on bitcoin, I’ll never spend it.” He noted that as a real estate guy, like former President Donald Trump, when he needs money, he would borrow it and spend the “fake money.”

While affirming that he still advocates for bitcoin, Kiyosaki admitted: “I prefer gold and silver because bitcoin is still untested.” Nonetheless, he proceeded to explain: “But I have the wherewithal to withstand the hit if it goes down. But gold and silver are God’s money. I know because I’ve traveled the world looking for this stuff.” Clarifying that he is “not really religious,” the famous author reiterated: “I’m very much in favor of gold and silver because it’s God’s money. God put it here.”

Kiyosaki also revealed that he may buy bitcoin “again today or tomorrow just because I’m more bullish on it.” However, he opined: “I’m not bullish on gold over bitcoin. I’m just bearish on Biden and his communist gang. That’s what I don’t like. I don’t trust the academic elite that’s called Bernanke and Yellen and now we have Powell. These guys are communists. They’ll print money. They’re central bankers.”

Source: Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
×