The creator of the best-selling personal finance series Rich Dad Poor Dad believes Bitcoin (BTC) is only a few months away from reaching a six-figure price.
Robert Kiyosaki tells his 2.5 million followers on the social media platform X that he would rather invest in hard assets such as Bitcoin than blindly follow the Federal Reserve.
“Rather than trust the Fed, I prefer to trust gold, silver, and Bitcoin. Who is going to buy US bonds? “
“Banks are buying gold, not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to crash possibly below $1,200. Silver will take off as will Bitcoin. Take care. Be careful.”
Kiyosaki appears concerned about the demand for US Treasuries. The Rich Dad Poor Dad author raises a concern posed by Andy Schectman, president of precious metals investment business Miles Franklin, about who would be willing to accumulate US bonds now that the national debt has reached a record high of $34.266 trillion.
Kiyosaki believes that BTC will have an upward trend and discloses his target price for the crypto monarch, as well as a specific date.
“BITCOIN to $100,000 by June 2024.”
At time of writing, Bitcoin is trading at $51,748, a slight decrease in the last 24 hours.
