Weirdly specific from Rich Dad Poor Dad. The best-selling author is here with another prediction after Gold Sachs boss predicted a big evolution in regulation in the crypto space.
Robert Kiyosaki is going big here, with a forecast that the price of Bitcoin will increase to $1.2 million within five years. He revealed that he brought the cryptocurrency at $9,000, adding that he might buy Bitcoin again today or tomorrow.
Because he’s more bullish on it.
The Rich Dad Poor Dad author has a pretty decent record of it, too. He predicted in December last year that the price of the cryptocurrency would reach $50,000 in 2021. And, well, here we are with Bitcoin having zoomed ahead of this zone a few weeks back.
In an interview with Kitco News last week asking if it is too late to buy Bitcoin at the current price of between $50,000 to $60,000, the famous author noted:
“There is always the entry point. 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. I wish I bought it at 10 cents like a lot of people did.”
He continued that now he looks like a genius, what with the price of Bitcoin where it’s at right now.
Kiyosaki additionally pointed out that money printing by the government, excessive stimulus, and the devaluation of the US dollars are what give Bitcoin and gold their appeal. Appeal enough to see the cryptocurrency going to $1.2 million in five more years.
The author had tons more thoughts to share on the topic, capping it off with some political thoughts on the Biden and Powell, and how they will print more money.
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