The author of the personal finance best-seller Rich Dad Poor Dad, Robert Kiyosaki, is predicting a massive bull run for Bitcoin (BTC) as he says more people are warming up to the top crypto asset.
Kiyosaki tells his 2.4 million Twitter followers that Bitcoin will soar by more than 257% from its current value of $27,973.
He predicts Bitcoin will eventually trade for $100,000, in part, because he believes people will increasingly prefer the king crypto over the US dollar after a series of Federal Reserve interest rate hikes intended to draw down inflation.
He also says that Bitcoin is fundamentally sounder than traditional financial institutions like banks, which have received government bailouts to remain afloat.
“WHY I BITCOIN: Years ago I watched BTC climb to $20,000 then drop to $0. I thought BTC finished. Slowly watched BTC climb to $6,000 and I bought lots. WHY? Because people support BTC not FED or Gov. BTC did not need FED or Gov. bailout because BTC people’s money. BTC to $100,000. Long live BTC.”
The Bitcoin bull has previously predicted Bitcoin will eventually trade for even more than $100,000, forecasting BTC’s value will hit $500,000 by 2025.
He has said the BTC bull run will be largely driven by the Federal Reserve loosening monetary policy and injecting liquidity in the markets.
“Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin [is the] people’s money. Take care.”
Kiyosaki has also said that out of all the crypto assets, Bitcoin is one of the most attractive since US regulators are likely to consider Bitcoin a commodity like gold, silver, and oil.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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