SCOTTSDALE, ARIZONA — Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has indicated his belief that the value of bitcoin will continue to increase, stating “I’m betting on it.”
Kiyosaki revealed that he purchased 60 bitcoins at a price of $6,000 per coin. Rich Dad Poor Dad, co-written by Kiyosaki and Sharon Lechter, has sold over 32 million copies in more than 109 countries and has been listed on the New York Times Best Seller List for over six years.
“Bitcoin up over 100% in a year. Will bitcoin keep going up? I’m betting on it,” SAID KIYOSAKI ON TWITTER.
Bitcoin’s current price stands at $30,250, marking an 82% year-to-date increase.
Although the world’s largest cryptocurrency has declined by 26% from the previous year, it has seen a rise of 224% over the past five years.
In his recent statements, the famous author has urged people to invest in gold, silver, and bitcoin due to his distrust towards the Federal Reserve, the Treasury, and the Biden administration.
Kiyosaki has warned about an impending economic crisis in the US. In his latest tweet, he advised investors to comprehend the logic behind any buy or sell recommendations.
Kiyosaki had earlier disclosed his purchase of 60 bitcoins at $6,000 per coin on his Rich Dad Radio Show.
I owned bitcoin … I waited for it to get to $20,000, it went down to $1,000, $3,000 and I watched it and watched it. I wanted to make sure it was gonna hang around. So I picked up 60 bitcoin at $6,000.
For a while now, Kiyosaki has been promoting bitcoin, gold, and silver as profitable investment options.
In February, he projected that the value of BTC would hit $500,000 by 2025. Kiyosaki also forecasted a surge in gold to $5,000 and silver to $500, while referring to bitcoin as “people’s money.”
He has been vocal about his belief that those who own gold, silver, and bitcoin will benefit when the Federal Reserve shifts and prints trillions of dollars, which he describes as “fake money.”
Kiyosaki is known for his investment insights, and several of his previous forecasts have materialized over time.
For instance, he predicted a financial crash in 2020, which came true with the global pandemic’s onset.
Additionally, Kiyosaki anticipated the rise of silver prices in 2019, which occurred in 2020, and the eventual devaluation of the US dollar.
His prediction of the US dollar losing value against other currencies has been ongoing for years and is supported by the government’s monetary policies.
These examples demonstrate the credibility of Kiyosaki’s predictions and suggest that his current recommendations may be worth considering.