Wealthy Dad Poor Dad writer Robert Kiyosaki has shared why he loves bitcoin and when he started investing within the cryptocurrency. Anticipating to see $100K per bitcoin, he emphasised that the crypto doesn’t want the Fed or authorities bailout as a result of it’s “folks’s cash.”
Why Robert Kiyosaki Loves Bitcoin
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the worth of BTC hit $100K. Wealthy Dad Poor Dad is a 1997 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Checklist for over six years. Over 32 million copies of the ebook have been offered in over 51 languages throughout greater than 109 international locations.
Kiyosaki tweeted Thursday explaining that years in the past, he watched the worth of the most important cryptocurrency climb to $20,000 after which shed nearly all of its worth. On the time, he thought bitcoin was completed. Nonetheless, when BTC slowly climbed to $6,000, he purchased “heaps” of it. His reasoning was that folks assist bitcoin and never the Fed or authorities. Bitcoin didn’t want the Fed or the federal government to bail it out as a result of it’s folks’s cash.
In a current Wealthy Dad Radio present, the well-known writer revealed that he purchased 60 bitcoins at $6,000 per coin. He additionally beforehand mentioned he purchased some extra BTC at $9,000.
Kiyosaki has really helpful bitcoin alongside gold and silver for fairly a while. He not too long ago mentioned he expects the worth of bitcoin to maintain rising. In his Thursday tweet, he talked about $100,000 as a worth for bitcoin. Nonetheless, he predicted in February that bitcoin will hit $500,000 by 2025 whereas gold will hit $5,000 and silver to achieve $500 in the identical time interval.
The famend writer additionally repeatedly warned concerning the U.S. economic system and the route the U.S. greenback is headed. Final month, he predicted a crash touchdown forward, noting that the Federal Reserve’s fee hikes will crash shares, bonds, actual property, in addition to the U.S. greenback. He additionally warned of hyperinflation.
What do you concentrate on Wealthy Dad Poor Dad writer Robert Kiyosaki’s warning and why he loves bitcoin? Tell us within the feedback part beneath.
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