Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has made bold predictions about the future of bitcoin, urging investors to take advantage of the current market conditions. Kiyosaki, who co-authored the bestselling book with Sharon Lechter, has built a strong following with over 2.6 million followers on social media platform X.
In a recent post, Kiyosaki advised his followers to consider investing in bitcoin, predicting a significant surge in prices during what he referred to as "Uptober." He believes that now is an opportune time to buy bitcoin, as it prepares for a "blast-off."
Kiyosaki's investment advice extends beyond bitcoin. He has also emphasized the potential of silver, encouraging investors to act before it reaches $50.00. This endorsement of precious metals and bitcoin reflects his broader belief in hard assets as a hedge against economic instability.
The author has been vocal about his concerns regarding the state of the financial markets, warning of an impending market catastrophe that he refers to as "The Everything Bubble." He predicts that this bubble will eventually burst, resulting in what he calls "The Everything Crash." Kiyosaki believes that major assets like gold, silver, and bitcoin will be affected, leading to a global depression. However, he sees this as an opportunity for those who are prepared, stating his intention to capitalize on the aftermath and become even wealthier. He encourages his followers to do the same.
In addition to his short-term predictions, Kiyosaki has reiterated his long-term forecast for bitcoin. He believes that during a crash, bitcoin may dip to $5,000, but it will ultimately skyrocket, potentially reaching prices as high as $100,000 to $250,000 per coin. He even suggests that by 2030, bitcoin could reach $1 million. Kiyosaki supports his views by referencing Jim Rickards' upcoming book, Money GPT, which warns about the impact of artificial intelligence on financial stability. He suggests that as people increasingly turn to alternative assets, bitcoin could benefit from this trend.
Despite the risks associated with investing, Kiyosaki encourages his followers to take a proactive approach to financial planning. He advises them to study, join investment groups, and seek out future growth opportunities. By doing so, he believes that individuals can position themselves for financial success in the face of economic uncertainty.