Bitcoin adoption explodes to $500,000 within 3 years.
Robert Kiyosaki, the author of Rich Dad Poor Dad is a long-time Bitcoin enthusiast who offers valuable investment advice. He stated in December that Bitcoin holders would likely become richer if the Fed changed its monetary policy and printed more money.
He also favors precious metals such as gold or silver because they have a higher return on investment than dollar savings. American investor, businessman, motivational speaker and author, has predicted another huge rise in Bitcoin.
He believes that the market will experience a sharp correction, which could lead to the Federal Reserve printing more fiat money. Kiyosaki believes the expected correction should provide a great opportunity to embrace silver, gold, and bitcoin.
The US Inflation Drop Could Have Been Temporary
Bitcoin could be the sole non-security asset.
Rich Dad Poor Dad author: #Bitcoin to reach $500,000 in 3 years as adoption continues to explode#BTC https://t.co/JZmC18vAmK
— Crypto News Flash (@CryptoNewsFlas3) February 14, 2023
The accuracy of his forecasts has given rise to some hope for the crypto community. Kiyosaki correctly predicted the 2008 severe economic crisis. His constant call for people to stop saving money due to the Fed’s controversial policies has been a consistent one. Kiyosaki predicted a financial crisis.
He predicted in October 2022 that Bitcoin, Silver, and Gold would continue to pull back if the Fed raises the interest rate.
He stated that investors should continue buying despite the downtrend. This could result in a huge gain when the US Central Bank pivots. He stated that the US government is borrowing too much, which could lead to the end of the US Dollar. The US had $31 trillion of external debt as of January 2023.
Bitcoin could also benefit from the intentions of the authorities to lower the interest rates in the face of rising inflation. There is also the possibility that the US Securities and Exchange Commission could pursue all cryptos other than Bitcoin. As the sole non-security asset, this could allow for additional investment.