Key Points
- Robert Kiyosaki, author of “Rich Dad, Poor Dad,” predicts Bitcoin will reach $100,000 by September.
- Kiyosaki advises investing in Bitcoin, silver, and gold as a hedge against global economic instability.
Robert Kiyosaki, the author of the popular personal finance book “Rich Dad, Poor Dad,” has forecasted that the price of Bitcoin will hit $100,000 by September.
Investment Suggestions
He revealed his intention to acquire an additional 10 Bitcoin before April, highlighting the forthcoming Bitcoin halving as an important opportunity for potential investors.
Kiyosaki also suggested that those unable to afford a whole Bitcoin could consider purchasing a fraction of one through Bitcoin ETFs or Satoshis. He hinted at the potential to own a full Bitcoin by the end of the year if things proceed as predicted.
The esteemed author also recommended investing in silver, specifically U.S. silver eagles, for those less inclined towards Bitcoin. He noted the decreasing supply of silver and the challenges of procuring junk silver, which refers to pre-1964 U.S. silver coins.
Global Economic Condition
Kiyosaki’s investment advice is set against a bleak depiction of the global economy. He pointed out several factors leading to financial instability, including the United States being the largest debtor nation, China’s struggling property market, Japan’s ongoing economic downturn, Germany’s plunge into depression, consumers’ dependence on credit cards, distressed banks, and the threat of global conflict.
Kiyosaki, along with Bitcoin advocate Michael Saylor, warned about the risks of saving in fiat currency, which Saylor disparagingly refers to as fake money.
Kiyosaki, Saylor, and his friend Andy Schectman, all advocate for the purchase of gold, silver, and Bitcoin to avoid financial impoverishment. He highlighted the affordability of silver, making it an accessible investment for a wider audience. As of now, the prices for Bitcoin (BTC) stand at $70,000, gold at approximately $2,500, and silver at roughly $35 per coin.
