Robert Kiyosaki: Bitcoin Will Reach $1.2 Million In 5 Years
Rich Dad Poor Dad author and entrepreneur Robert Kiyosaki said he sees Bitcoin going to $1.2 million within the next five years.
Kiyosaki, who first bought Bitcoin when it was about $9,000, admitted that he thought he ‘was being fleeced’ at the time, but with the covid lockdowns, he realised he had no other choice.
Robert Kiyosaki was interviewed on Gold and Silver news channel, Kitco News when he explained his bullish Bitcoin price prediction.
‘I bought Bitcoin at $9,000 and I thought I was being fleeced, but the reason I bought it at nine was because Covid shut down the world economy,’ explained Kiyosaki. ‘I wish I’d bought it at 10 cents like a lot of people did, but now I look like a genius because today it’s around $55,000… and I think it’s gonna go to $1.2 million in five more years.’
Kiyosaki admitted he didn’t really know anything about Bitcoin or cryptocurrencies, but said he learned from young guys like Robert Breedlove, who he said gave him his $1.2 million price prediction.
Is It Still A Good Time To Buy Bitcoin?
Kiyosaki was asked whether he still advocated buying Bitcoin, after tweeting in December 2020 and telling his followers to buy Bitcoin under $20k.
The real estate mogul explained he still believed it was a good time to buy Bitcoin, but admitted he still preferred gold and silver.
‘So, I’m still advocating it all. I prefer gold and silver. I do because Bitcoin is still untested, but I have the wherewithal to withstand the hit if it goes down, but gold and silver are God’s money,’ explained Robert Kiyosaki.
Interviewee Michelle Makori asked the Rich Dad Poor Dad author whether the government would try to shut Bitcoin down, which is something billionaire investor Ray Dalio has alluded to as well.
‘I think they [the government] will try, but, the problem is too big,” Kiyosaki replied. ‘Our pensions are going bust. Baby boomers have no money. They shut down the economy. They’re gonna print … another $1.9 trillion.’
‘So, it has never worked. It’s Gresham’s law. Bad money drives out good money. So, when a guy like me gets my hand on Bitcoin, I’ll never spend it,’ who explained he might buy some more Bitcoin.
Rich Dad Poor Dad Author Robert Kiyosaki Bullish On Bitcoin
Real Estate mogul Robert Kiyosaki has long been against what he calls ‘fake money’ – fiat currencies, and has long advocated hoarding gold and silver.
But the Rich Dad Poor Dad author is getting more bullish on Bitcoin. He speaks regularly with Robert Breedlove, and Pomp, so is getting great advice.
Kiyosaki also has a Twitter following of over 1.5 million and his Rich Dad Poor Dad podcast is one of the biggest investment podcasts going so his influence shouldn’t be underestimated.
Watch the Robert Kiyosaki interview on Kitco News.