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Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin

Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin

Robert Kiyosaki, a renowned American investor, businessman, motivational speaker, and author of the book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and praised its ability to withstand the test of time.

Kiyosaki attributes the success of Bitcoin to its decentralized nature, which is driven by the people and not the Federal Reserve Board or the US Government for support.

Reasons for Kiyosaki’s Love for Bitcoin

In a Friday tweet, Kiyosaki explained that he watched BTC climb to $20,000 before losing almost all its value when it dropped below $4,000 several years ago. He noted that he purchased more of the asset when it climbed to $6,000.

As a strong advocate for financial education, Kiyosaki insists on understanding the potential of Bitcoin and its role in the future of finance.

The investor sees BTC, gold, and silver as commodities and keeps encouraging people to acquire more to prepare for an impending market crash on the US dollar. As CryptoPotato recently reported, Kiyosaki intends to increase his exposure to the digital asset and precious metals because he regards the Fed, US Treasury, and President Joe Bideon as “liars.”

Kiyosaki’s BTC Prediction

It is noteworthy that Kiyosaki believes Bitcoin is the only worthwhile investment in the cryptocurrency space, recognized as a commodity unlike most alternative coins (altcoins) considered as securities. He predicts that once US regulators such as the Securities and Exchange Commission (SEC) classify them as securities, they will face heavy regulation.

Kiyosaki believes that BTC will trade at $100,000 shortly. He made a prediction in February that by 2025, BTC would be worth $500,000 while gold and silver would trade at $5,000 and $500, respectively.

Featured Image Courtesy of Kitco