Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, predicts that the price of Bitcoin will rise to $1.2 million within five years. Kiyosaki revealed that he bought bitcoin for $9,000, adding that he might buy the cryptocurrency again “today or tomorrow, just because I’m more bullish on it.”
Robert Kiyosaki expects Bitcoin price to surpass $1 million in 5 years
Robert Kiyosaki shares his prediction on how high he thinks the Bitcoin price will go. The author of Rich Dad Poor Dad accurately predicted last December that the price of the cryptocurrency will reach $50,000 in 2021.
Rich Dad Poor Dad is a 1997 book by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages in over 109 countries.
Kiyosaki was asked in an interview with Kitco News last week if it was too late to buy bitcoin between $50,000 and $60,000. Noting that “there’s always an entry point,” the famous writer went on to share: “I bought bitcoin for $9,000, I thought I was being scammed, but the reason I bought it for $9,000 was because of the Covid shutdown the world economy,” he said, adding: “I wish I had bought it for 10 cents like a lot of people.”
He continued, “But now I look like a genius,” given that Bitcoin’s price is currently around $60,000. He also pointed to government money printing, overstimulation, and the devaluation of the U.S. dollar as reasons why Bitcoin and gold are attractive. The author of Rich Dad Poor Dad elaborates:
I think it will be $1.2 million in another five years.
Regarding his bullish BTC price prediction, he was further asked if he thinks the government will intervene in one form or another. Some prominent figures believe the government could take drastic measures against cryptocurrencies, 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 pension is about to go bankrupt.” Baby boomers have no money. They shut down the economy. They’re going to print…another $1.9 trillion. So, it never worked. This is Gresham’s Law. Bad money drives out good money. So, when someone like me gets bitcoin, I never spend it. He noted that as a real estate man, like former President Donald Trump, he borrowed and spent “fake money” when he needed it.
While affirming that he still supports Bitcoin, Kiyosaki admitted: “I prefer gold and silver because Bitcoin has not been tested.” Still, he went on to explain: “But if it falls, I have enough money. come and take the blow. But gold and silver are God’s currency. I know that because I travel the world looking for these things.” The famous writer clarified that he is “not a true religion,” reiterating: “I am very much in favor of gold and silver, Because it’s God’s money. God put it here.”
Kiyosaki also revealed that he might “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 believe in those academic elites called Bernanke and Yellen, Now we have Powell. These people are communists. They print money. They are central bankers.”
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