Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin – Expects BTC to Hit $100,000 – Markets and Prices Bitcoin News

Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves Bitcoin and when he started investing in the cryptocurrency. Anticipating $100,000 per bitcoin, he stressed that the crypto does not need the Fed or government bailout because it is “people’s money.”

Why Robert Kiyosaki loves Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki shared why he loves Bitcoin on Twitter Thursday. He expects the price of BTC to reach $100,000. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. Over 32 million copies of the book have been sold in over 51 languages ​​in more than 109 countries.

Kiyosaki tweeted Thursday, explaining that years ago he watched the price of the largest cryptocurrency climb to $20,000 and then lose almost all of its value. At the time, he thought Bitcoin was dead. However, as BTC slowly climbed to $6,000, he bought “a lot” of it. His reasoning was that people support bitcoin and not the Fed or the government. Bitcoin didn’t need the Fed or the government to bail it out because it’s people’s money.

In a recent Rich Dad radio show, the famous author revealed that he bought 60 bitcoins at a price of $6,000 per coin. He also previously said that he bought more BTC for $9,000.

Kiyosaki has been recommending Bitcoin alongside gold and silver for some time. He recently said he expects Bitcoin’s price to keep going up. In his Thursday tweet, he cited $100,000 as the price of bitcoin. However, he predicted in February that Bitcoin will hit $500,000 by 2025, while gold will hit $5,000 and silver will hit $500 over the same period.

The renowned author has also repeatedly warned about the US economy and the direction of the US dollar. Last month he predicted an imminent crash landing, noting that Federal Reserve rate hikes would send stocks, bonds, real estate and the US dollar plummeting. He also warned of hyperinflation.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warning and why he loves Bitcoin? Let us know in the comment section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economics and cryptography.

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