Crypto

Robert Kiyosaki Expects Bitcoin’s Price to Keep Rising — Says ‘I’m Betting on It’ – Markets and Prices Bitcoin News

Published

2 years ago

April 18, 2023

Robert Kiyosaki Expects Bitcoin’s Price to Keep Rising — Says ‘I’m Betting on It’ – Markets and Prices Bitcoin News

The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, expects the worth of bitcoin to maintain rising. “I’m betting on it,” he stated. Kiyosaki additionally shared that he purchased 60 bitcoin when the worth of the cryptocurrency was at $6,000 per coin.

Robert Kiyosaki Expects Bitcoin’s Worth to Hold Going Up

The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, has expressed his confidence that the worth of bitcoin will maintain going up. Wealthy Dad Poor Dad is a 1997 guide co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Greatest Vendor Checklist for over six years. Greater than 32 million copies of the guide have been bought in over 51 languages throughout greater than 109 nations.

Kiyosaki tweeted Tuesday:

Bitcoin up over 100% in a yr. Will bitcoin maintain going up? I’m betting on it.

On the time of writing, bitcoin is buying and selling at $30,264.50, up 82% year-to-date. Nonetheless, the most important cryptocurrency is down 26% from the earlier yr however up 224% over the previous 5 years.

The well-known creator added: “Why purchase extra gold, silver, bitcoin? As a result of Fed, Treasury, and Biden are liars.” This was not the primary time he has expressed his mistrust in the direction of the Federal Reserve, the Treasury, and the Biden administration. He warned that the U.S. economic system is headed for a crash touchdown.

On Monday, Kiyosaki suggested traders to know the explanations behind any purchase or promote suggestions. He tweeted: “Steve Van Metre says ‘Promote gold now.’ David Hunter says ‘Purchase gold now.’ Who do you imagine?” Noting that each males are good, the famend creator acknowledged: “All markets are fabricated from patrons and sellers. Your job is to seek out out logic behind vendor and purchaser. Opposing logic makes you smarter which is extra invaluable than $.”

In an episode of his Wealthy Dad Radio Present, aired final week, Kiyosaki revealed that he purchased 60 bitcoin at $6,000 per coin. He detailed:

I owned bitcoin … I waited for it to get to $20,000, it went right down to $1,000, $3,000 and I watched it and watched it. I needed to ensure it was gonna hold round. So I picked up 60 bitcoin at $6,000.

Kiyosaki has been recommending bitcoin alongside gold and silver for fairly a while. In February, he predicted that BTC’s worth would attain $500,000 by 2025. He additionally predicted that gold would surge to $5,000, and silver to $500. He calls bitcoin “folks’s cash.” In December final yr, he stated individuals who personal gold, silver, and bitcoin will get richer when the Fed pivots and prints trillions of {dollars}, which he calls “faux cash.”

In addition to the Wealthy Dad Poor Dad creator, many others imagine that the worth of the most important crypto will rise considerably. Enterprise capitalist Balaji Srinivasan made a wager in March that BTC might be price greater than $1 million in 90 days. Pantera Capital not too long ago stated we’re already within the subsequent bull market cycle for bitcoin.

Do you agree with Wealthy Dad Poor Dad creator Robert Kiyosaki concerning the worth of bitcoin? Tell us within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.