Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 “soon,” as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued diverse bitcoin price predictions, with his most eye-catching one reaching a staggering $1 million.
Robert Kiyosaki Says He Will Buy More Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, has insisted that the price of bitcoin will hit $150,000 soon. 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. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Commenting on the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Kiyosaki said he is glad he bought bitcoin years ago. He emphasized that the price of bitcoin will soon reach $150,000. The famous author said:
Bitcoin ETF. Yay. Glad I bought years ago. Bitcoin to $150K soon … I will be buying more gold, silver, and bitcoin with fake dollars.
He also noted: “Gold to the moon as central banks buy, store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes. It’s all good news except for losers who save fake fiat U.S. dollars.”
The renowned author often refers to fiat currencies as fake money. He previously explained that when President Richard Nixon removed the U.S. dollar from the gold standard in 1971, “the U.S. dollar became fake money.” He clarified that “This is because rather than being tied to real money,” such as gold, “it was tied to the ‘full faith and credit’ of the United States.”
Robert Kiyosaki has long been recommending gold, silver, and bitcoin. He recently said bitcoin is the best protection against hyperinflation. The Rich Dad Poor Dad author has made a number of bullish predictions about the price of BTC, ranging from $135,000 in the near term to $1 million in the event of a global economic crisis. In February, he projected that the price of bitcoin would reach $500,000 by 2025, while gold could rise to $5,000 and silver could reach $500 within the same timeframe.
Meanwhile, other big names have also made some bullish BTC price predictions. Venture capitalist Tim Draper sees the crypto hitting $250,000 this year, while Standard Chartered and Alliance Bernstein both expect it to reach $200,000 by 2025, fueled by the recent spot bitcoin ETF approvals. Ark Invest CEO Cathie Wood also anticipates a significant price increase after the ETFs launch.