Rich Dad Poor Dad Author Says Bitcoin Price Is Likely To Soar Up To $500,000

The best-selling author Rober Kiyosaki mentioned that the price of the primary crypto token, Bitcoin, will keep on increasing until it reaches the $500k mark in the next years. In his words, inflation will play a significant role in this respect. The writer of the bestseller Rich Dad Poor Dad has repeated his confidence in the top crypto.

Rober Kiyosaki Advises Investors to Invest in Top Commodities to Avoid Inflation

Kiyosaki has again disclosed that investors should adopt a fine investment strategy that can defeat worldwide inflation. During a recent interview conducted by CNBC, Kiyosaki revealed that inflation has turned into a systemic issue all around the world. As a consequence of this, he also advised people to increase their investments in the commodities such as real estate, Silver, Bitcoin, and Gold.

In addition to this, he also disclosed his interest in the mounting values of gold, real estate, gasoline, and food. Keeping that in view, he added that he does not mind even if he gets into debt while acquiring either of the respective commodities because returns will be given by inflation. For example, the prices of gold have been rising since they bottomed back in October 2022.

As per the new market data provided by TradingView, an eleven percent increase has been witnessed by the precious metal from the beginning of the year up till now. It is presently trading around up to $2026. On the contrary, the price of Bitcoin has seen a sixty-six percent increase in the meantime. It is noteworthy that Kiyosaki has brought to the front his hatred for investment in equities, except for some entities that have carried out initial public offerings.

At the end of the interview, the well-known author asserted that the banking market is currently standing on the tip of a crisis as the crypto and fintech market is rising. Apart from that, the prominent investor is of the view that the use of the United States dollar is also declining in comparison with the rest of the worldwide currencies taking into account digital assets.

Interestingly, the investor pointed out that Jerome Powell (the chairman of the US Federal Reserve) is not seriously taking his fight to confront inflation. In his words, this will result in a significant cost to be paid by the fiat holders. Additionally, he stressed that the banking-related failures already witnessed in the US are partially because of the financial mistakes of the Fed.

He claimed that the entire system was going through trouble. According to Kiyosaki, his largest concern is that, currently, inflation is systemic. While adding to it, he stated that Powell told a lie by saying that it was temporary. Likewise, the US has witnessed enormous banking failures from the beginning of the year to this day as opposed to the rest of the markets. Particularly, many US banking institutions have been affected by the bigger banks such as JPMorgan.

Best-Selling Writer Thinks Bitcoin Will Reach $500K Because of Inflation

Along with this, the banking organizations have gone through a severe slump in deposits, hence paving the way for bank runs. The banking space has been taken over by Coinbase Global Inc. and other such fintech entities with Bitcoin and other such digital assets that provide high profits over time. Formerly, Kiyosaki predicted the future price of Bitcoin. He proposed that the primary crypto will shortly reach the $500k spot due to inflation.

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