Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.”
Why Robert Kiyosaki Loves Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC hit $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across 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 shed almost all of its value. At the time, he thought bitcoin was finished. However, when BTC slowly climbed to $6,000, he bought “lots” of it. His reasoning was that people support bitcoin and not the Fed or government. Bitcoin did not 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 $6,000 per coin. He also previously said he bought some more BTC at $9,000.
Kiyosaki has recommended bitcoin alongside gold and silver for quite some time. He recently said he expects the price of bitcoin to keep rising. In his Thursday tweet, he mentioned $100,000 as a price for bitcoin. However, he predicted in February that bitcoin will hit $500,000 by 2025 while gold will hit $5,000 and silver to reach $500 in the same time period.
The renowned author also repeatedly warned about the U.S. economy and the direction the U.S. dollar is headed. Last month, he predicted a crash landing ahead, noting that the Federal Reserve’s rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He also warned of hyperinflation.
What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s warning and why he loves bitcoin? Let us know in the comments section below.