Robert Kiyosaki and Bitcoin |
The expected price of Bitcoin will reach $2.3 million
Robert Kiyosaki and Bitcoin :
Robert Kiyosaki, the author of "Rich Dad Poor Dad"
has expressed optimism about
Bitcoin :
suggesting that he believes its price could reach $2.3 million.
This prediction aligns with the forecasts made by Cathie Wood
the CEO of Ark Invest. At the same time, Kiyosaki has raised concerns
about the potential collapse of stock, bond and real estate markets
along with the bankruptcy of the United States.
Kiyosaki reiterated his bullish stance on Bitcoin via social media
highlighting Cathie Wood's prediction of a $2.3 million Bitcoin price.
He stated :
"Do I believe it? Yes,"
emphasizing that Wood is "very smart" and he trusts her judgment.
"Could she be wrong?
Yes, but so what? The more important question is, 'What do you believe?' ...
and more importantly, 'How much Bitcoin do you own?'"
he stressed :
asserting that if Wood is correct, he would wish he had bought more Bitcoin.
Nevertheless, he emphasized:
"I also believe Bitcoin will hit $2.3 million."
"I recommend 'living dangerously.' If you can afford to hold 0.01 Bitcoin ...
it will make you more knowledgeable, smarter, and wiser about Bitcoin,"
he added.
Wood and her asset management company
Ark Invest :
have presented a positive outlook on Bitcoin exceeding
Kiyosaki's expectations. "Our base case for Bitcoin is $1.5 million,"
the Ark CEO recently said :
adding that "if institutional investors decide to allocate more than 5% of
their portfolios to Bitcoin, that alone will add $2.3 million"
to her company's $1.5 million valuation.
In addition to the rising demand for Bitcoin exchange-traded funds
Wood highlighted other factors driving Bitcoin's price upward.
She said the digital currency serves as a hedge against currency debasement
and wealth erosion. "I believe this is hedging against unstable systems
or against terrible monetary and fiscal policies alone," she explained
attributing Bitcoin's recent price surge to a "flight to safety."
Kiyosaki has repeatedly warned of potential market collapses, writing on the X
platform on Sunday:
- "The economic bubble
- whether in stocks, bonds
- or real estate, is about to burst.
The U.S. debt is increasing by a trillion dollars every 90 days, and the country
is at risk of bankruptcy. Save yourself, please buy more real
gold and silver, and Bitcoin."
Last week :
he responded to economist Harry Dent's prediction that
Bitcoin's price could drop to $200 by saying
"If Bitcoin prices drop to $200 per coin, I will buy as many coins as possible."
He further emphasized his advice for investors to abandon the U.S.
dollar and purchase Bitcoin, along with gold and silver.
Kiyosaki views Bitcoin :
as the perfect asset for the current time
while the U.S. dollar is a "giant Ponzi scheme."
Previously :
he predicted Bitcoin could reach $100,000 by September and advised
people to pay attention to the halving. He also pointed
out that Bitcoin is on track for $300,000 this year.
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