Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin
Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker, and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and lauded its ability to withstand the test of time.
According to Kiyosaki, the success of Bitcoin can be attributed to its decentralized nature, as it is driven by the people rather than the Federal Reserve Board or the US government for support.
Here’s Why Kiyosaki Loves Bitcoin
In a Friday tweet, Kiyosaki said he watched BTC climb to $20,000 and then lost almost all of its value when it dropped below $4,000 several years ago. The author noted that he purchased more of the asset when it climbed to $6,000.
WHY I ❤️BITCOIN: Years ago I watched BC climb to $20k then drop to 0. I thought BC finished. Slowly watched BC climb to $6 k & I bought lots. WHY? Because people support BC not FED or Gov. BC did not need FED or Gov bailout because BC people’s money. BC to $100k. Long live BC.
— Robert Kiyosaki (@theRealKiyosaki) April 21, 2023
As a strong advocate for financial education, Kiyosaki emphasized the importance of understanding the potential of Bitcoin and its role in the future of finance.
The investor sees BTC, gold, and silver through the same lens and keeps encouraging people to acquire more in preparation for an impending market crash on the US dollar. As CryptoPotato recently reported, Kiyosaki intends to increase his exposure to the digital asset and precious metals because the Fed, US Treasury, and President Joe Bideon are “liars.”
Kiyosaki Believes BTC Will Get to $100K
It is noteworthy that Kiyosaki believes Bitcoin is the only worthwhile investment within the cryptocurrency space, as it is acknowledged as a commodity, unlike most alternative coins (altcoins) considered as securities. He insists that once United States regulators such as the Securities and Exchange Commission (SEC) classify them as securities, the watchdogs will go hard on them.
Meanwhile, the author sees BTC trading at $100,000 soon. He predicted in February that by 2025, the leading cryptocurrency would be worth $500,000 while gold and silver would trade at $5,000 and $500, respectively.
Featured Image Courtesy of Kitco
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