Robert Kiyosaki, author of “Rich Dad Poor Dad,” expects Bitcoin to reach $ 1.2 million, but still loves gold more.
In a recent interview with Kitco, Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicted that Bitcoin could eventually reach $ 1.2 million in the next five years.
Kiyosaki bought cryptocurrency for the first time last year, while trading at $ 9,000 after the epidemic effectively shut down the world economy in early 2020:
I wish I bought it at 10 cents like most people, but now I look like a genius because today it’s around $ 55,000. I think it will increase to $ 1.2 million in five years.
Last year, Kiyosaki correctly said that Bitcoin will experience another bull run due to overprinting. People like MicroStrategy, Tesla, and Square now have cryptocurrencies on their balance sheets.
Bitcoin is untested
Despite becoming a staunch Bitcoin advocate, Kiyosaki says he still prefers gold and silver as its flagship cryptocurrency has not been tested.
Speaking of potential government pressure, Kiyosaki said such a possibility is “a very serious concern”.
Kiyosaki also believes the altcoins will stay here, but not sure which ones will survive.
He compared the current market with Amazon and Pets.com to the dot-com bubble of the late 90s, adding that he received advice from young men:
I don’t know anything about crypto so I talk to young guys who are in it every day and they fill me up a bit.
Kiyosaki claims that Bitcoin has the same ability to transform and adapt to Amazon.