Robert Kiyosaki is an American entrepreneur, businessman and author. He is the founder of Rich Global LLC and Rich Dad Company. He is also the author of the best-selling book “Rich Dad Poor Dad“. Kiyosaki has always favored crypto as an investment option and has regularly encouraged people to adopt crypto currency.
According to Robert Kiyosaki, the price of bitcoin will reach $500,000 by 2025. He predicts that the price of gold will reach $5,000 and the price of silver will reach $500 in the same time frame. In addition, Robert Kiyosaki expects a “great crash” and a potential collapse.
On the February 15 episode of the Rich Dad Radio Show, Robert Kiyosaki spoke with a member of Doomberg, an anonymous Twitter account run by a small group of commodity business experts known for their knowledge of macroeconomic challenges.
Robert Kiyosaki shared his experience buying bitcoins in response to Doomberg’s belief that crypto-currencies, “at least in this first generation“, were “nothing more than a giant Ponzi scheme, where the sophisticated fleeced the unsophisticated,” but that he was interested in the technology and could be persuaded to buy it at the right price.
He said, “I’ve studied technical analysis, and what went up to $20,000 went down to almost zero, then back to $1,000, $2,000, $3,000. I’was waiting for it to keep crashing, so when it hit $6,000, I’backed the truck up and bought some.”
Kiyosaki predicted a stock market crash
Kiyosaki has stressed his caution about stock market crashes. On Friday, Kiyosaki tweeted that everything will crash, including gold, silver and bitcoin, citing the fact that 66,000 more employees have been laid off since the beginning of the year and that more than 144,000 people in the tech industry will lose their jobs by 2022.
“The crash is here… Everything is going to crash, including the prices of gold, silver, bitcoin. Don’t panic. Good news. I will buy more gold, silver, bitcoin, real money with fake $.”
The U.S. dollar is a fake currency, according to Kiyosaki, because it was attached to the “full faith and credit” of the United States rather than real money like gold. Real money, on the other hand, includes silver, bitcoin and gold.
It seems that Robert Kiyosaki has the’intention to take advantage of this situation to buy more crypto.
Feelings of the community
Many agree with Robert Kiyosaki on his outlook and investment strategy for the coming recession. However, the general feeling is one of fear within the crypto community.
The price of bitcoin is currently $23,884.69, and the total market capitalization is $460,808,043,274.03.