{"id":20129,"date":"2023-04-23T00:54:23","date_gmt":"2023-04-23T00:54:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/rich-dad-poor-dad-author-robert-kiyosaki-shares-why-he-loves-bitcoin-expects-btc-to-hit-100k-markets-and-prices-bitcoin-news\/"},"modified":"2023-04-23T00:54:23","modified_gmt":"2023-04-23T00:54:23","slug":"rich-dad-poor-dad-author-robert-kiyosaki-shares-why-he-loves-bitcoin-expects-btc-to-hit-100k-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/rich-dad-poor-dad-author-robert-kiyosaki-shares-why-he-loves-bitcoin-expects-btc-to-hit-100k-markets-and-prices-bitcoin-news\/","title":{"rendered":"Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin \u2014 Expects BTC to Hit $100K \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it\u2019s \u201cpeople\u2019s money.\u201d<\/strong><\/p>\n

Why Robert Kiyosaki Loves Bitcoin<\/h2>\n

The author of Rich Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC<\/a> hit $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries.<\/p>\n

Kiyosaki tweeted Thursday explaining that years ago, he watched the price of the largest cryptocurrency climb to $20,000 and then shed almost all of its value. At the time, he thought bitcoin was finished. However, when BTC<\/a> slowly climbed to $6,000, he bought \u201clots\u201d of it. His reasoning was that people support bitcoin and not the Fed or government. Bitcoin did not need the Fed or the government to bail it out because it\u2019s people\u2019s money.<\/p>\n

\"Rich<\/p>\n

In a recent Rich Dad Radio show, the famous author revealed that he bought 60 bitcoins<\/a> at $6,000 per coin. He also previously said he bought some more<\/a> BTC<\/a> at $9,000.<\/p>\n

Kiyosaki has recommended bitcoin alongside gold and silver for quite some time. He recently said he expects the price of bitcoin to keep rising<\/a>. In his Thursday tweet, he mentioned $100,000 as a price for bitcoin. However, he predicted in February that bitcoin will hit $500,000 by 2025<\/a> while gold will hit $5,000 and silver to reach $500 in the same time period.<\/p>\n

The renowned author also repeatedly warned about the U.S. economy and the direction the U.S. dollar is headed. Last month, he predicted a crash landing<\/a> ahead, noting that the Federal Reserve\u2019s rate hikes will crash<\/a> stocks, bonds, real estate, as well as the U.S. dollar. He also warned of hyperinflation<\/a>.<\/p>\n

What do you think about Rich Dad Poor Dad author Robert Kiyosaki\u2019s warning and why he loves bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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