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- Robert Toru Kiyosaki is an American business and the author of the series of renowned financial books, ‘Rich dad, Poor dad’.
- The company also organises ‘Rich Dad Seminars’ which essentially utilizes Kiyosaki’s brand name and is a major source of income.
- In a recent interview, he said that back in 2017 he had tried buying Bitcoin however he was unsuccessful because Bitcoin’s price was at the peak.
Robert Toru Kiyosaki is an American business and the author of the series of renowned financial books, ‘Rich dad, Poor dad’. Kiyosaki is also the CEO of Rich Global LLC and the Rich Dad Company. Rich Dad, is a company that gives financial as well as professional guidance and advice towards business. The company also organises ‘Rich Dad Seminars’ which essentially utilizes Kiyosaki’s brand name and is a major source of income. Kiyosaki is notably Bitcoin’s biggest supporter, in the recent video, he promotes Bitcoin.
Bitcoin has considerably done well since its inception in 2011 in terms of market capitalization as well as a growing user base. Moreover, it has drastically improved its economy since its fall on March 13’s ‘Black Thursday.’ The dark day when its value dropped down to the $3600 mark. And now during this global economic crisis, people are adopting the cryptocurrency more and more because they think it is safer and profitable.
US Dollar Becoming Soft While Bitcoin Becoming Harder Due To Halving
The main reason why Kiyosaki prefers Bitcoin is that the US dollar is becoming softer as more and more fiat currency is being added. While, on the other hand, Bitcoin whose total supply is cut by half, during each Halving is becoming harder and steadier. In a recent interview, he said that back in 2017 he had tried buying Bitcoin however he was unsuccessful because Bitcoin’s price was at the peak.
Bitcoin May Save Us During The Economic Crisis And Predicted Its Price May Go Up by $75000
In his tweet on May 20, 2020, he clearly detested the US fiat currency and the federal reserves and wrote in all caps ‘NEW YORK CITY GOING BROKE’. In his tweet, he said that federal printing fake dollars will not save you. Instead, he advised investing in silver, gold, and Bitcoin. Moreover, he strictly believes that turning to Bitcoin may save us during this global pandemic.
Prior to this, he had tweeted that the economy is dying and the federal reserves have become incompetent so he had bought more silver, gold, and Bitcoin. He went on predicting the value of gold which would increase from $1700 to $3000 in a year. While the price of silver would increase from $17 to $40 in a year. Lastly, his major prediction was that Bitcoin would amount up to $75000 in a span of three years. The price of Bitcoin when this article was written was $9,221.74 down by 0.43% in the last 24 hours.
