• Robert Kiyosaki, the US business and best-selling author, has predicted that Bitcoin will reach $100,000.
• Kiyosaki believes that Bitcoin is a safer investment than traditional assets because of its independence from governments and financial institutions.
• The author also recommends investing in gold and silver due to its expected rise in price.
Robert Kiyosaki’s Prediction on Bitcoin
US businessman and best-selling author Robert Kiyosaki continues to see potential in Bitcoin despite the current price slump. In a tweet today, he predicted that BTC will reach $100,000 but did not reveal a time frame for this. Kiyosaki cites the independence of BTC from governments, financial institutions and central banks as one of the main reasons for his prediction. He believes this feature makes BTC a safer investment than traditional assets such as stocks and bonds.
Kiyosaki Advises Investing in Both Gold & Silver
In addition to endorsing Bitcoin, Kiyosaki also regularly recommends buying gold and silver in his tweets. He claims that this could result in an increase in price for these precious metals. The author is not alone in doing so either; many other investors have made similar predictions about gold and silver prices.
Why Is Kiyosaki Betting On Bitcoin?
Kiyosaki justifies his preference for BTC with an expected rise in its price despite it having already increased by 100% within a year. He revealed that he has been buying more of both gold and silver, as well as BTC; citing Federal Reserve Chairman Jerome Powell ‘fooling everyone’ which could lead to a massive scale crash in traditional markets.
What Would A $100k Price Mean For Bitcoin?
If bitcoin were to reach this predicted price point then its market cap would be approximately $1.935 trillion; still seven times lower than gold’s ($13.19 trillion) at current values though. It is important to note however that predictions are never guaranteed outcomes; neither time frames nor future prices can be accurately determined just yet so caution should always be taken with investments or trades involving any asset class – especially cryptocurrencies!
Robert Kiyosaki predicts that the price of bitcoin could reach $100k soon but does not provide any evidence or timeline for when this may happen – if ever at all! Despite this, investing both gold & silver alongside cryptocurrencies like bitcoin might be worth considering for those looking to diversify their portfolios or hedge against potential market losses caused by government intervention/interference etcetera…