Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad,” has made the audacious forecast that the price of Bitcoin would rise to $100,000. Kiyosaki recently expressed his admiration for Bitcoin in a tweet, naming it as one of the primary factors contributing to his positive view. Its independence from governmental and financial institutions.
As he saw the cryptocurrency’s dramatic surge to $20,000 before falling to $0 not long after, Kiyosaki fell in love with it. In spite of this loss, Kiyosaki kept track of the cryptocurrency’s development and finally bought a sizable quantity when its price hit $6,000.
The decentralised structure of Bitcoin and its independence from governmental interference, in Kiyosaki’s opinion, make it a more secure investment than conventional assets like stocks and bonds. He thinks the government’s financial policies, such as infusing “fake” money into the economy, are problematic since it is the people’s money.
People’s money
On Bitcoin, Kiyosaki’s viewpoint seems to be consistent with his general counsel to investors to diversify their portfolios by purchasing gold, silver, and Bitcoin. Prior to this, he called for a change in investing tactics to protect against probable economic downturns and attacked the government’s financial policies.
Although the present Bitcoin market has experienced some fluctuation, Kiyosaki’s positive perspective is unwavering. By highlighting its potential for large returns and its independence from governmental and financial organisations, he exhorts investors to think about Bitcoin as a promising investment prospect. Kiyosaki’s estimate of Bitcoin hitting $100,000 may not be far off as its popularity rises.
