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April 13, 2021
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Bitcoin

Author of “Rich Dad, Poor Dad” predicts that Bitcoin could reach $ 1.2 million

And this is not even the first time that Robert Kiyosaki promotes Bitcoin

In a recent interview with Kitco, “Rich Dad, Poor Dad” author Robert Kiyosaki predicted that Bitcoin could reach $ 1.2 million in the next five years.

Kiyosaki first bought the cryptocurrency last year, when it was trading at $ 9,000 after the pandemic effectively paralyzed the world economy in early 2020:

“I wish I could have bought it for 10 cents like a lot of people did, but now I look like a genius because today it’s around $ 55,000. I think it will go to $ 1.2 million in another five years. ”

Last year, Kiyosaki correctly said that Bitcoin would experience another bull run due to unbridled printing of money. Companies like MicroStrategy, Tesla and Square now have cryptocurrency on their balance sheets.

Bitcoin remains untested

Despite becoming a staunch supporter of Bitcoin, Kiyosaki says he still prefers gold and silver, since the main cryptocurrency has yet to be tested:

“It was only around 2009 or something. So that’s why I’m very cautious about it. ”

Speaking of a possible government crackdown, Kiyosaki said that such a possibility was “a very serious concern”.

On April 5, 1933, President Franklin D. Roosevelt issued an executive order to ban Americans from owning gold.

Pets.com and altcoins

Kiyosaki is also convinced that altcoins are here to stay, but he’s not sure which one will survive.

He compared the current market to the dot-com bubble in the late 1990s with Amazon and Pets.com, adding that he takes advice from younger guys:

“I don’t know anything about cryptocurrencies, so I talk to the young people who are in it every day, and they kind of fill me up.”

Kiyosaki claims that Bitcoin is capable of transforming and adapting in the same way as Amazon.

Source: U.Today

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