In a recent interview, Rich Dad Poor Dad author Robert Kiyosaki suggested that Bitcoin could reach a value of $ 1.2 million over the next five years.
Kiyosaki first bought the cryptocurrency last year when it was trading at $ 9,000 after the pandemic effectively shackled the global economy in early 2020:
«I wish I could buy it for 10 cents, like many people do, but I still look like a genius because today it costs about $ 55,000. I think it will grow to $ 1.2 million in another five years.»
Last year, Kiyosaki correctly pointed out that Bitcoin will show another bullish spurt due to the runaway money printing. It was backed by companies such as MicroStrategy, Tesla and Square, which added cryptocurrency to their balance sheets.
Even though Kiyosaki has turned into an uncompromising defender of Bitcoin, he still prefers gold and silver as the flagship cryptocurrency is outside the regulatory area.
Speaking about possible government reprisals, Kiyosaki noted that this possibility causes him «very serious concern.»
In this regard, he recalled how, in 1933, President Franklin D. Roosevelt issued a decree prohibiting Americans from owning gold. However, the genius Satoshi Nakamoto, who created bitcoin, protected his brainchild from bans and interventions by any government.
In addition, Kiyosaki is convinced that nothing will happen to altcoins either, although he found it difficult to name crypto assets that can maintain their position in the market.
He compared the current marketplace to the dot-com bubble in the late 90s with Amazon and Pets.com, adding that he listens to the advice of young people:
«I don’t know anything about cryptocurrency, so I talk to the young guys who do it every single day, and they kind of fill me up.»
Kiyosaki is confident that Bitcoin can transform and adapt just like Amazon.