Kiyosaki is still adamant that BTC, gold, and silver will prosper in the years to come.
American investor, motivational speaker, and “Rich Dad, Poor Dad” author Robert Kiyosaki predicted a bleak future for the US currency and advised people to concentrate on precious metals and bitcoin. He thinks the price of bitcoin would soar to $120,000 in 2024.
Standard Chartered, the top British financial organization, believes the asset can achieve that milestone in the upcoming year.
Yet another bullish prediction
In August of this year, South Africa will host the leaders of the BRICS nations—Brazil, Russia, India, and China—to examine the prospect of establishing a new currency. According to Kiyosaki, the countries will soon launch a new cryptocurrency backed by gold, which might hurt the value of the dollar:
“The US dollar will perish. Billions of US dollars swarm home. “Through the roof inflation.”
In order to safeguard themselves, he advised investors to purchase gold and silver. Like in his earlier remarks, he mentioned Bitcoin, predicting that it would reach $120,000 in 2024.
In times of a catastrophic financial catastrophe or inflation, Kiyosaki, who was one of the few to predict the 2008 economic collapse, thinks BTC is the best investing tool.
He said in April 2020 that precious metals and bitcoin might benefit from the Fed’s massive printing during the global COVID-19 pandemic, calling them the “best investments.” Recall that at the time, the most valuable digital asset was trading at about $6,800.
Throughout the bear market of 2022, he continued to support Bitcoin, telling investors that it was a wonderful time to buy the drop.
$500K by 2025?
In February, Kiyosaki slammed the US dollar once more, calling it “fake money.” He thought that the diminished confidence in the global reserve currency may cause investors to turn to bitcoin, gold, and silver.
As a result, he predicts that BTC will hit $500,000 by 2025, while silver and yellow metal will reach $5,000 and $500, respectively.
Additionally, he referred to bitcoin as “people’s money” and called precious metals “God’s money.” Others, like as Michael Saylor, Executive Chairman of MicroStrategy, and Cathie Wood, CEO of Ark Invest, have forecast an even more promising future for BTC, indicating that its price may reach $1 million, but over a different time period.y Wood expressed the same opinion as Kiyosaki, saying that the digital asset is a “huge hedge” against inflation. She also believes it might be used to protect against counterparty risk and deflation.
