American businessman, investor and motivational speaker Robert Kiyosaki is best known as the author of the bestselling book “Rich Dad, Poor Dad”. Praising Bitcoin (BTC)’s impressive performance over the past 12 months, Kiyosaki predicts that the BTC price will continue to rise in the future. He also says he will buy more BTC because he doesn’t trust the Federal Reserve and US President Joe Biden.
“I buy more gold, silver and Bitcoin because…”
In a recent tweet on Twitter, Robert Kiyosaki draws attention to Bitcoin’s price increase over the past year. However, it is worth noting that the rally started at the beginning of 2023, with BTC trading below $20,000 for a long time throughout 2022. The author of “Rich Dad Poor Dad” predicts that besides gold and silver, BTC could continue its positive trend in the coming months. He even swears to increase his interest in Bitcoin and precious metals because “Fed, Treasury and Biden are liars”. In this context, Kiyosaki shared the following:
Bitcoin has increased by over 100% in a year. Will Bitcoin continue to rise? I bet it will. I’m getting more gold and silver. Why am I getting more gold, silver, BTC? Because the Fed, Treasury and Biden are liars!
Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, BC? Because Fed, Treasury, and Biden are liars. .
— Robert Kiyosaki (@theRealKiyosaki) April 18, 2023
Robert Kennedy: Bitcoin will be the inevitable escape route
Numerous prominent figures have recently claimed that the actions of the US central bank have caused financial turmoil and may be one of the reasons behind the galloping inflation in the region. Robert F. Kennedy Jr., the nephew of former President John F. Kennedy and challenging Joe Biden for the Democratic nomination in the 2024 election, also supports this thesis. He recently stated that cryptocurrencies like Bitcoin can serve as an “escape route” for individuals “when this bubble inevitably bursts.”
In addition, the Fed partnered with a number of leading banks to print significant amounts of money between 2008 and 2022, while President Biden said that “to force the DOJ, FDIC and other institutions to cease operations for crypto assets at the end of last year”. He argued that he was armed. Recall that local regulators recently ceased operations of Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. All of them have served a large number of cryptocurrency clients and their problems have resulted in serious investor losses.
Kiyosaki predicts BTC price to be $500,000
As you follow on Kriptokoin.com, the American author, one of the few who predicted the financial crash of 2008, predicted earlier this year that the market could soon face another “giant” crash. Therefore, he advised people to avoid traditional fiat currencies and focus on Bitcoin and precious metals. He believes possible higher adoption could break the value of BTC by $500,000 by 2025, while gold could climb to $5,000.
The author’s comments about Bitcoin had a great impact in the financial circles. While some experts believe that BTC is a solid investment, others warn that it is a highly volatile asset that carries significant risks.
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