“Rich Dad Poor Dad” Author Says Bitcoin Will Reach $75,000

It has been arduous to overlook the current tweets from Bitcoin bull Robert “Wealthy Dad” Kiyosaki. The Vietnam veteran — finest identified for his ebook “Wealthy Dad Poor Dad” on monetary wellness and success — has been placing his foot to the fuel lately in selling the main cryptocurrency, gold, and silver.

He doubled down on this lately, asserting in a tweet that he thinks Bitcoin may hit $75,000 within the coming three years.

It has been arduous to overlook the current tweets from Bitcoin bull Robert “Wealthy Dad” Kiyosaki. The Vietnam veteran — finest identified for his ebook “Wealthy Dad Poor Dad” on monetary wellness and success — has been placing his foot to the fuel lately in selling the main cryptocurrency, gold, and silver.

He doubled down on this lately, asserting in a tweet that he thinks Bitcoin may hit $75,000 within the coming three years.

The rationale why he’s so bullish on Bitcoin and treasured metals is that he thinks the actions by the world’s governments and central banks are propping up a system of “faux cash” poised to break down. The “Wealthy Dad Poor Dad” creator particularly cited the shortage of rates of interest, together with the quantitative easing applications by central banks, as a method to corroborate his level.

Kiyosaki believes that because of these macroeconomic developments, buyers will flock to retailer values and noncorrelated belongings to safe their wealth in the long term. And to him, the belongings that may present such safety are treasured metals and Bitcoin.

Because the outspoken entrepreneur fittingly put it in April, Bitcoin is the “folks’s cash,” gold is “god’s cash,” and fiat is “faux cash.” Whereas $75,000 is over 700% greater than Bitcoin’s present market worth of $9,200, a rising variety of analysts are predicting that such a transfer is solely doable inside the subsequent few years.