coinspress.com
Robert Kiyosaki, the author of the popular personal finance book Rich Dad Poor Dad, recently shared his positive outlook on Bitcoin (BTC) with his 2.4 million followers on Twitter.
Kiyosaki believes that Bitcoin will continue to rise after already appreciating by 100% from its low of approximately $15,500 in 2022 to a high of $31,000 in 2023.
Kiyosaki attributes his decision to purchase Bitcoin and precious metals to his lack of trust in the Federal Reserve, the U.S. Treasury Department, and President Joe Biden. He stated that he is buying more gold, silver, and Bitcoin because he believes these assets will hold their value better than the U.S. dollar.
In a tweet, Kiyosaki said:
Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, BC? Because Fed, Treasury, and Biden are liars. .
— Robert Kiyosaki (@theRealKiyosaki) April 18, 2023
At the time of writing, Bitcoin is trading at $29,202. Kiyosaki has previously shared that he first purchased Bitcoin at $6,000 and has set a six-figure price target for the cryptocurrency.
READ MORE: Bitcoin Slides Below $29,000 as Market Braces for Further Correction
He believes Bitcoin will reach $500,000 by 2025 due to the Federal Reserve’s monetary policies and money-printing efforts. In another tweet, Kiyosaki predicted a potential economic crash and depression, leading to a loss of faith in the U.S. dollar and an increase in demand for gold, silver, and Bitcoin.
He stated:
“Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold will be at $5,000, silver at $500, and Bitcoin at $500,000. Why? Because faith in the U.S. dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin [is the] people’s money. Take care.”
Overall, Kiyosaki remains optimistic about Bitcoin and believes it has strong potential to grow and thrive as an alternative to traditional fiat currencies.