The author of the best-selling personal finance series Rich Dad Poor Dad thinks that Bitcoin (BTC) is just a few months away from hitting a six-figure price tag.
Robert Kiyosaki tells his 2.5 million followers on the social media platform X that he’d rather put his faith in hard assets like Bitcoin than blindly follow the Federal Reserve.
“Rather than trust the Fed, I prefer to trust gold, silver, and Bitcoin.”
Kiyosaki appears to be concerned about the demand for US Treasuries. The Rich Dad Poor Dad author mentions question raised by Andy Schectman, the president of precious metals investment firm Miles Franklin, on who would be willing to accumulate US bonds considering that the national debt has skyrocketed to a record high of $34.266 trillion.
“Andy Schectman asks a very important question: ‘Who is going to buy US bonds?’
Banks are buying gold, not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to crash possibly below $1,200. Silver will take off as will Bitcoin. Take care. Be careful.”
Believing that BTC will witness a move to the upside, Kiyosaki shares his target price for the crypto king along with a concrete timeline.
“BITCOIN to $100,000 by June 2024.”
At time of writing, Bitcoin is trading at $51,748, a slight decrease in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: DALLE3