Renowned former bestselling author Robert Kiyosaki reasserts his belief in Bitcoin’s potential to surge to a fresh all-time high, reaching an impressive $100,000.
The Rich Dad Poor Dad writer underscores the precarious financial situation of the average American family, a consequence of the continuous accumulation of debt by the United States government.
Kiyosaki labels BTC as the “currency of the people” and contends that those who opt to store their wealth in US dollars are likely to face unfavorable circumstances.
“Anticipating a Bitcoin value of $100,000.
Emphasizing for years: gold and silver serve as intrinsic value. Bitcoin, however, functions as a decentralized currency.
Unfortunate scenario: in the event of a stock and bond market collapse, the worth of gold and silver will skyrocket.
A more dire situation: should the global economy experience a downfall, Bitcoin could surge to $1 million, gold to $75,000, and silver to $60,000.
Holders of deceptive US dollars will encounter difficulties. The burden of DEBT is overwhelming. Families are under strain. I hope to be proven wrong. Stay cautious.”
During a recent discussion with Daniella Cambone of Stansberry Research, Kiyosaki expresses his growing affinity for Bitcoin, driven by his loss of faith in the governing institutions of the country.
“I find favor in Bitcoin because we share a common adversary: the federal government, the Treasury, the Fed, and Wall Street. My confidence in them has diminished. If you still have faith in them, then investing in dollars and securing a solid bond might suit you. However, I don’t place trust in those entities.”
Earlier this year, Kiyosaki forecasted Bitcoin’s eventual ascent to $100,000, highlighting the cryptocurrency’s ability to retain its value without relying on government intervention.
As of the time of composing this piece, Bitcoin is valued at $29,167.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.