Bestselling personal finance author Rich Dad Poor Dad Robert Kiyosaki predicts a massive rush into Bitcoin (BTC) as he says more people are gearing up for the top crypto asset.
Kiyosaki tells his 2.4 million Twitter followers that Bitcoin will rise over 257% from its current value of $27,973.
He predicts that Bitcoin will eventually trade for $100,000, in part because he believes people will increasingly prefer the crypto king to the US dollar following a series of Federal Reserve interest rate hikes aimed at reducing inflation. .
He also says that Bitcoin is fundamentally sounder than traditional financial institutions like banks, which took government bailouts to stay afloat.
“WHY I USE BITCOIN: Years ago I saw BTC rise to $20,000 and then drop to $0. I thought BTC was over. I slowly watched BTC rise to $6,000 and bought a lot. WHY? Because people support BTC, not the FED or the government. BTC didn’t need the FED or government bailout because BTC people’s money. BTC to $100,000. Long live BTC.”
Bitcoin bull previously predicted that Bitcoin will eventually trade for over $100,000, predicting that the value of BTC will reach $500,000 by 2025.
He said BTC’s rally will largely be fueled by the Federal Reserve’s easing of monetary policy and the injection of liquidity into markets.
“A giant showdown is coming. Possible depression. The Fed was forced to print billions in counterfeit money. By 2025, gold at $5,000, silver at $500, and Bitcoin at $500,000. Why? Because faith in the US dollar, counterfeit money, will be destroyed. Money from the gods of gold and silver. Bitcoin [is] the people’s money. Be careful.”
Kiyosaki 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.