by Trish Harris the original post was published on https://growyourbitcoin.co.uk/
Can property guru Robert Kiyosaki be right?
Bitcoin’s popularity among traditional investors has grown over recent months as governments and central banks take drastic measures to offset the economic damage wrought by the Coronavirus pandemic.
Now, ‘Rich Dad, Poor Dad’ author Robert Kiyosaki, who has previously praised Bitcoin for its scarce properties, has warned “real estate and gold guys are being phased out”—and “the Bitcoin world is coming into view right now.”
“I think it’s important, especially for old guys like me, to understand the ‘crypto’ world because that’s the world that’s coming into view right now and us real estate and gold guys are being phased out,” said Kiyosaki. His world renowned book, ‘Rich Dad, Poor Dad’ advocates the importance of financial literacy and became a bestseller, selling around 40 million copies worldwide.
Robert Kiyosaki Predicts Bitcoin Will Be Worth $75k in 3 Years
Robert Kiyosaki, took to Twitter once again to proclaim his bullish position on Bitcoin. He is predicting BTC’s price is heading toward $75,000 in three years.
Now, this isn’t just a random figure plucked straight out of the air. This is how he has been valuing core assets lately.
In a tweet earlier this year, Kiyosaki states that his fear of a dying economy has led him to purchase more of three assets that he ostensibly considers valuable outside of the traditional financial system: Gold, Silver, and Bitcoin (BTC).
“Bought more gold, silver and Bitcoin. GOLD [currently] at $1700. Predict $3000 in 1 year. Silver [currently] at $17. Predict $40 in 5 years. Bitcoin [currently] at $9800. Predict $75000 in 3 years.”
Based on his numbers this would be an expected yearly increase of approximately 76%, 19%, and 97% for gold, silver, and Bitcoin respectively. This indicates that Bitcoin has the most favourable profit potential out of the three.
A growing interest in Bitcoin
Robert Kiyosaki is fast becoming one of the most influential advocates of Bitcoin and the Blockchain. In recent months, the businessman has spoken out on his faith in the future of the tech numerous times.
In an April appearance on Anthony Pompliano’s podcast, Kiyosaki praised Bitcoin, saying:
“The reason I endorse Bitcoin is just for one frickin’ reason — you’re not part of the system”
Noting also that “gold and silver are God’s money, and Bitcoin is open-source people’s money”. He has been quoted as stating the USD a scam.
“The US Dollar is a scam. I think the dollar is toast because gold and silver and cybercurrency are going to take it out. The US Dollar is gone. In the year 2000, there was one currency; the USD. It was called the reserve currency of the world, and then came Bitcoin and cryptocurrencies” Robert Kiyosaki said.
The author of ‘Rich Dad, Poor Dad’ who is now working on a new book entitled ‘Fake: Fake Money, Fake Teachers, Fake Assets’ disclosed that in the upcoming book he discussed how gold, Bitcoin (BTC), as well as other cryptocurrencies represent the last resort, for the moment when the financial market – as we know it – would collapse. According to Kiyosaki, the “doomsday” of fiat currencies is imminent.
“I talk about the three types of money today: God’s money, which is gold and silver; government’s money, which is fiat currencies; [and] the people’s money, which is cryptocurrency on the Blockchain technology. Gold is a hedge, and I am expecting a collapse in the system, which is why you are into cryptocurrencies now, Bitcoin (BTC) and Ethereum (ETH),” explained Kiyosaki.
Earlier, Kiyosaki also stated in an interview that the upcoming imminent financial crisis would be “the biggest of all.”. However, he is not the only one who thinks that the fiat currency, especially the USD, and the conventional financial systems are doomed. Bill Gates and Nomi Prins, a former manager at Goldman Sachs, also believe a massive financial market crash is just around the corner. Furthermore, Steve Wozniak, Apple’s co-founder, stated that Bitcoin (BTC) is far superior to the USD which he described as a “phony”.
The takeaway from all of this is, that if world renowned business people are looking to BTC and other cryptocurrencies as the way forward, then surely we should be doing the same, even more so with this financial “Domesday Crisis” looming.