Robert Kiyosaki, author of the bestselling “Rich Dad, Poor Dad” book series, made a bold prediction about the future of Bitcoin.
The author expects the world's largest cryptocurrency to reach $100,000 by June 2024, which is approximately a two-fold increase from its current price of $52,000.
Kiyosaki, who is also an entrepreneur, investor and educator, has long been a strong advocate of Bitcoin. He believes that Bitcoin is the ultimate protection against the inflationary and manipulative policies of the traditional financial system, which he claims are eroding the wealth of the masses.
Kiyosaki has repeatedly stated that he does not like the actions of the FED, the Treasury Department and Wall Street bankers, whom he accuses of creating money out of thin air, devaluing the dollar, imposing excessive taxes and manipulating the stock market. He argues that these practices harm the economic well-being of the people and the nation.
On the other hand, he praises Bitcoin for its decentralized and deflationary nature, which makes it immune to interference and corruption by central authorities. He also appreciates Bitcoin for its scarcity, security and portability, which he sees as the key qualities of sound money.
*This is not investment advice.
