Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has renewed his recommendation to buy bitcoin, citing the increasing interest from Wall Street in the cryptocurrency. Kiyosaki urges investors to seize opportunities during challenging times, emphasizing the importance of thriving even when dealt a bad hand. He predicts that bitcoin could reach an astonishing price of $10 million following an economic crash.
Kiyosaki, who co-authored Rich Dad Poor Dad with Sharon Lechter in 1997, has seen immense success with the book, with over 32 million copies sold in 51 languages across 109 countries. In a social media post on X, he emphasized the impending difficult period and encouraged his followers not to be among the losers. He advised buying more gold, silver, and bitcoin, noting that the cryptocurrency’s price has been rising as Wall Street loads up on it.
The author has been making bold predictions and recommendations regarding bitcoin and gold amidst speculations of an economic crash. He believes that bitcoin could reach $10 million and gold $15,000 in value following the downturn. Despite advising others to sell bitcoin during its recent price decline, Kiyosaki continues to buy more for himself in line with a long-term strategy similar to Warren Buffett’s “buy and hold forever” approach.
Kiyosaki cautions against investing in bitcoin exchange-traded funds (ETFs) and advocates for owning real BTC instead. He disclosed that he initially purchased 60 bitcoins at $6,000 each and has been buying more every month. Despite the volatility of bitcoin’s price, he remains optimistic about its potential as the easiest way to become a millionaire and foresees significant price increases.
What are your thoughts on Robert Kiyosaki’s advice and predictions? Let us know in the comments section below.