- Famous financial writer Robert Kiyosaki argued that the price of Bitcoin could soon reach $100,000 and could rise up to $1 million.
- Kiyosaki shared his predictions about gold and silver, referring to them as “God’s money.” According to the financial educator, if the world economy collapses, gold and silver could reach $75,000 and $60,000, respectively.
- Earlier this year, Kiyosaki made a similar claim about Bitcoin, predicting a price of $500,000 for each Bitcoin by 2025.
According to the Famous Financial Writer, the threat of a collapse in the US Dollar is growing and he advised investors on how to avoid it.
Bold Price Prediction for Bitcoin from Kiyosaki
The creator of Bitcoin, Satoshi Nakamoto, created Bitcoin as an alternative to government-controlled money in response to the 2008 financial crisis. Since then, Bitcoin has led the crypto industry and has been referred to as digital gold by many investors. Now, famous financial writer Robert Kiyosaki argues that the price of Bitcoin could soon reach $100,000 and could rise up to $1 million.
Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” tends to make very optimistic predictions about the price of Bitcoin. In a recent post on the social media platform X (formerly known as Twitter), Kiyosaki said that Bitcoin will soon reach $100,000 and referred to it as “the people’s gold.” However, a stock and bond market crash could cause Bitcoin to reach $1 million.
Kiyosaki also shared his predictions about gold and silver, referring to them as “God’s money.” According to the financial educator, if the world economy collapses, gold and silver could reach $75,000 and $60,000, respectively. Kiyosaki said the following;
“BITCOIN will rise to $100,000. I have said for years that gold and silver are God’s money. Bad news: If the stock and bond market crashes, gold and silver will rise. Worse news: If the world economy collapses, Bitcoin will rise to $1 million, Gold to $75,000, Silver to $60,000. Dollar is in trouble. DEBT is too high.”
Kiyosaki explained that if the economy collapses, the value of government-issued currencies will significantly decrease. As people lose faith in fiat money, many will turn to Bitcoin and precious metals as an alternative store of value. The combination of limited Bitcoin supply and increasing demand will cause the price to skyrocket.
Earlier this year, Kiyosaki made a similar claim about Bitcoin, predicting a price of $500,000 for each Bitcoin by 2025. Another prominent figure in the finance sector, Michael Saylor, also made a similar prediction of $1 million for BTC in the near future.
What is the Basis for the $1 Million Bitcoin Price Prediction?
Kiyosaki’s recent predictions about the US dollar came after the emergence of the BRICS alliance. BRICS is an alliance among the developing economies of Brazil, Russia, India, China, and South Africa, established to reduce transactions in the US dollar and support trade and payments in local currencies.
As a result, many figures in the finance sector saw this as a plan to de-dollarize trade in BRICS countries, with Saudi Arabia and possibly Mexico and Japan joining them. Reports also suggest that the BRICS alliance is attempting to create a new currency backed by gold to handle global trade.
According to Kiyosaki, the only salvation for everyday investors is to invest in real gold, silver, and Bitcoin. In his tweet, Kiyosaki advised people to switch to gold, silver, and Bitcoin, which he referred to as “God’s money.”
