Rich Dad Author Poor Dad Predicts Bitcoin Price to Hit $100,000, Says BTC Has a Key Advantage Over the Federal Reserve
Author of bestselling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, is predicting a massive bull run for Bitcoin (BTC) as he says more people are warming to the top crypto asset.
Kiyosaki tells his 2.4 million Twitter followers that Bitcoin is set to surge more than 257% from its current value of $27,973.
He predicts Bitcoin will eventually trade for $100,000, partly because he believes people will increasingly favor the king crypto over the US dollar following a series of Federal Reserve rate hikes aimed at curbing inflation.
He also says that Bitcoin is fundamentally more solid than traditional financial institutions like banks, which have received government bailouts to stay afloat.
“WHY I BITCOIN: Years ago I watched BTC go to $20,000 and then go down to $0. I thought BTC was done. I slowly watched BTC climb to $6,000 and bought lots. WHY? Because people support BTC, not the Fed or the government. BTC didn’t need a FED or government bailout because the BTC people’s money. BTC to $100,000. Long live BTC.”
The bitcoin bull has previously predicted that bitcoin will eventually trade for even more than $100,000 and predicts that the value of BTC will reach $500,000 by 2025.
He said the BTC bull run is largely being driven by the Federal Reserve’s monetary easing and injection of liquidity into the markets.
“Huge crash is coming. depression possible. Fed forced to print billions in counterfeit money. By 2025 gold at $5,000, silver at $500 and bitcoin at $500,000. Why? Because trust in US dollars, fake money, is being destroyed. Gold & Silver god money. Bitcoin [is the] people’s money. Watch after.”
Kiyosaki has also said that of all crypto assets, Bitcoin is one of the most attractive as US regulators are likely to view Bitcoin as a commodity like gold, silver and oil.
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