https://coinatory.com/cryptocurrency-news/robert-kiyosaki-forecasts-13260/Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges.
Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving
Labeling fiat money as ‘criminal,’ Kiyosaki advocates for investment in assets like gold, silver, and Bitcoin to protect against the devaluation of the currency, which he foresees resulting from the massive influx of capital into the economy and ensuing inflation. He also criticizes the U.S. government and the Federal Reserve for their persistent money printing. Predicting a significant downturn in the U.S. economy, Kiyosaki urges investors to view cryptocurrencies as a bailout from government recklessness in economic management.
I have never followed that guy but yes I have read some chapters from his book "Rich Dad Poor Dad," and that was something amazing. I have listened to some of his audios and also watched his video interviews. That guy has earned a lot of money only because he released his books and that's the main source of income for him if I'm not wrong. Although, I don't take his advice seriously but still his thoughts are positive and could help someone to get better financially.
The ideas he presented about Bitcoin are completely correct and I agree with him. The Bitcoin could reach $120k or above in value during the coming bull market and it will surely be a strong competitor for fiat currencies. His views about Bitcoin's recovery are 100% correct and we all know that no matter what happens the Bitcoin will continue to gain value in its price. I won't say anything about other crypto-currencies but surely Bitcoin will flourish and it's next price will be over $100k to 120k during 2024-2025. Let's wait for that time and see what the future holds for us Bitcoiners.