Robert Kiyosaki, author of Rich Dad Poor Dad, recently gave an interview to Kitco News. During the interview, the famous best-selling author talked about his bitcoin (BTC) investments. He explained why he is betting on the flagship crypto.
Bitcoin (BTC) has lasting value, says Robert Kiyosaki
During the interview with Kitco News, Robert Kiyosaki said he has faith in the enduring value of Bitcoin. He argues that this value is durable over time as with precious metals such as gold and silver. Also, this explains why the famous author bets so much on the flagship crypto. Speaking of which, Kiyosaki’s BTC investment saw a 300% increase. The rise was seen precisely when the flagship crypto broke through the $24,000 mark.
The author of Rich Dad Poor Dad said:I saw bitcoin hit $20,000, I don’t remember when, and then it dropped. But then he came back strong. So when it hit $6,000, I bought 60 bitcoins at $6,000. I think today it’s $20,000“.
He added : “The more I am there, the more I realize its durability. So the reason people buy bitcoin is the same reason I buy silver and I buy gold. I don’t trust banknotes“.
The author has been supporting BTC for a long time
The author of Rich Dad Poor Dad has been showing unwavering support for bitcoin for a while now. Kiyosaki, by the way, pointed out a while ago that bitcoin is one of the most attractive cryptos. He added that regulators may consider it a commodity, like gold, silver and oil.
Furthermore, Kiyosaki has recently predicts huge rallies to come in a few years for the flagship crypto. He made the same prediction for precious metals. “Giant crash ahead. Possible depression. The Fed is forced to print billions of dollars in counterfeit money“, he said.
Robert Kiyosaki thinks gold could be worth $5,000 by 2025. At the same time, he expects silver to end up at $500. As for bitcoin (BTC), Kiyosaki pegs its value by 2025 at $500,000. The famous author did not fail to specify:Faith in the US dollar, counterfeit money, will be destroyed“.
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