Robert Kiyosaki, the well-known American businessman, investor, and motivational speaker who authored “Rich Dad, Poor Dad,” has shown his appreciation for Bitcoin’s excellent performance over the past year and believes that the trend will continue. He also expressed his lack of trust in the Federal Reserve and US President Joe Biden, stating that he will purchase more BTC.
BTC: An Alternative to the Fed’s Controversial Policy
In a tweet, Kiyosaki highlighted Bitcoin’s significant increase in price over the past year, with the rally picking up at the beginning of 2023. He predicts that Bitcoin, as well as gold and silver, may continue their upward trend and has vowed to increase his exposure to these assets due to his distrust of the “Fed, Treasury and Biden .”
Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, BC? Because Fed, Treasury, and Biden are liars.
— Robert Kiyosaki (@theRealKiyosaki) April 18, 2023
Several other notable people have argued that the actions of the US central bank have resulted in financial turmoil and could be a contributor to the increased inflation. Robert F. Kennedy Jr, for example, supports the idea that cryptocurrencies like Bitcoin could help individuals save their money when financial troubles arise. Kennedy Jr has also claimed that the Fed has partnered with leading banks to create a significant amount of money and suggesting President Biden “weaponized” the DOJ to force some institutions to stop dealing with crypto entities last year. The closure of Silicon Valley Bank, Silvergate Capital, and Signature Bank has resulted in severe investor losses.
Kiyosaki Sees BTC Trading at $500K
Kiyosaki, who correctly predicted the 2008 financial collapse, has warned of another potential economic crash and urged people to invest in alternative forms of currency such as Bitcoin and precious metals. He believes that the higher possible adoption rate could lead to Bitcoin reaching a value of $500,000 by 2025, while gold may climb to $5,000 per ounce.