American businessman and best-selling writer Robert Kiyosaki continues to see large potential in Bitcoin regardless of the present value droop. In a tweet immediately, he predicts that the value of BTC will attain $100,000. Nonetheless, he doesn’t reveal a timeframe for this.
Within the tweet, Kiyosaki shared his love for Bitcoin, citing its independence from governments, monetary establishments, and central banks as one of many important causes behind his prediction. In keeping with the writer of the best-selling ebook “Wealthy Dad, Poor Dad,” this characteristic makes BTC a safer funding than conventional belongings like shares and bonds. He tweeted:
I assumed BTC was carried out. I slowly watched BTC climb to $6,000 and acquired plenty of it. FOR WHAT? As a result of folks help BTC and never the FED or the federal government. BTC did not want the bailout from the FED or the federal government as a result of BTC folks’s cash. BTC at $100,000. Lengthy dwell BTC.
If Bitcoin had been to succeed in this value, the market capitalization of BTC could be round $1.935 trillion. This might nonetheless go away Bitcoin’s market capitalization seven instances decrease than that of gold ($13.19 trillion) at present values.
Kiyosaki advises Bitcoin in addition to gold, silver
Moreover, the writer additionally often recommends shopping for gold and silver in his tweets. He justifies this funding recommendation by an anticipated rise within the value of valuable metals. Remarkably, the writer will not be the one one to take action.
However his desire for Bitcoin has different causes. In a tweet on Tuesday, Kiyosaki wrote that the value of BTC will proceed to rise regardless of a 100% enhance in a single yr. “I guess on it,” defined the writer, who additionally revealed that he was shopping for extra gold and silver along with Bitcoin. “Why? As a result of the Fed, Treasury and Biden are liars,” Kiyosaki stated.
In mid-March he elaborate on this assertion in additional element. The wealthy dad defined that Federal Reserve Chairman Jerome Powell was dishonest everybody. In keeping with him, this may result in a large-scale crash in conventional markets:
FED’s Powell screwed everybody up. Rising rates of interest will trigger shares, bonds, actual property and the US greenback to fall. NEXT CRASH: $1 quadrillion within the derivatives market. 1 quadrillion {dollars} equals 1,000 billion {dollars}. Might God have mercy on our world. Klaus Schwab owns the souls of Powell, Yellin and Biden.
Robert Kiyosaki has been investing in Bitcoin since 2020
Digging by means of the multi-millionaire’s Twitter feed, one can discover that Kiyosaki’s enthusiasm for Bitcoin dates again to 2020. On April 1, 2020, one in all his first tweets surfaced through which Kiyosaki advisable shopping for Bitcoin in additional gold.
In mid-Might 2020, he introduced that he had made new investments in gold and silver. Furthermore, he publicly proclaimed for the primary time that he additionally invested in BTC. For his personal account, he purchased BTC at a value of $9,800. Nonetheless, it’s unclear if this was Kiyosaki’s first bitcoin funding or if it was a buyout.
At press time, BTC was nonetheless struggling to carry above $28,000.
Featured picture from 5ROI International Information, chart from TradingView.com
