Rich Dad” R. Kiyosaki says bitcoin will surpass $1 million in 5 years, but still prefers gold

CRYPTONAIRE LYWEEK

CRYPTO investment journal

“Rich Dad” R. Kiyosaki says bitcoin will surpass $1 million in 5 years, but still prefers gold

American businessman and author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, has projected that bitcoin’s value will hit about $1.2 million in the next five years.

Speaking to Kitco News, Kiyosaki, however, said that despite investing in bitcoin and predicting a bullish future, he still prefers precious metals like gold and silver.

According to the author, bitcoin remains untested when compared to the precious metals.

“Bitcoin is still untested. But I have the wherewithal to withstand the hit if it goes down. But I love gold and silver, gold and silver are God’s money… I bought bitcoin at $9,000, and I thought I was being fleeced, but the reason I bought it at $9,000 was because COVID shut down the world economy…I think it’s going to $1.2 million in five more years,” said Kiyosaki.

Kiyosaki’s projection comes after he successfully predicted that bitcoin would surpass the $50,000 mark in 2021. He noted that his prediction was not mainly based on bitcoin’s strength but the weakness of the U.S. economy. By press time, the asset was trading at $58,968, according to data provided by CoinMarketCap.

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CRYPTONAIRE LYWEEK

CRYPTO investment journal