The author of Rich Dad Poor Dad has predicted that the price of Bitcoin could reach $75,000 over the next three years.
Bitcoin Price to Soar in Three Years
Robert Kiyosaki, a financial investment expert, known for writing the popular Rich Dad Poor Dad book series has predicted, once again, that the price of Bitcoin is set to explode over the next three years. According to Kiyosaki, he expects the BTC price to be around $75,000 in the next three years, which would see the leading cryptocurrency rise by over 100% annually.
Kiyosaki made his position known via a tweet on May 16, where the business expert stated that his fear of the moribund economy has led him to buy more digital currency. He tweeted that “Economy dying. FED incompetent. Next bailout trillions in pensions. Hope fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$, 9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.”
Kiyosaki believes that the real value of investment now lies outside the traditional financial system, with assets such as gold, silver, and Bitcoin holding real value from now and in the near future. From his prediction, gold, silver, and Bitcoin are set to rise annually by 76%, 19%, and 97%, respectively. This shows that amongst the three assets, Kiyosaki believes that Bitcoin has better potential growth in value as it is set to rise by nearly 100% every year for the next three years. As a result of this, this makes Bitcoin the most profitable asset amongst the three recommended assets.
Kiyosaki More Bullish on Bitcoin
This is not the first time that Kiyosaki has come out to state his bullish position on Bitcoin and the general cryptocurrency market. Earlier last month, Kiyosaki stated that he believes that Bitcoin will become the new normal for Generation Z. He called Bitcoin the people’s money, and he urged people to save in Bitcoin, gold, and silver instead of fiat currencies such as the US dollar and the euro.
Also, in April this year, Kiyosaki spoke on Anthony Pompliano’s podcast, praising the leading digital currency. He stated that he endorses Bitcoin because we are not a part of it. Kiyosaki also maintains that gold and silver are God’s money, while Bitcoin’s open-source is people’s money.
The businessman is one of the most highly respected financial authors in the world, with his book Rich Dad Poor Dad selling hundreds of millions of copies around the globe and it has also been translated into various languages.
Market experts like Kiyosaki have been pointing out their concerns about the death of the traditional economy, with many of them suggesting that alternative assets like Bitcoin hold actual value for investors at the moment. Kiyosaki maintains that the Federal Reserve is not a bank; instead, it is a cartel owned by the most influential people in the world. The guys that own the Fed control the world, he added.
However, he sees the current financial disruption around the world overtaking the existing economic structure. Several experts have touted Bitcoin to be a disruptive investment asset over the coming years, with more financial institutions entering the cryptocurrency sector after initial hesitance.