Robert Kiyosaki, a prominent financial guru and Bitcoin proponent, widely known for authoring the personal finance book “Rich Dad, Poor Dad,” has made yet another bullish Bitcoin price prediction.
"The USA may be heading for a greater depression," financial guru Robert Kiyosaki warned.
The U.S. is currently deep in debt, which has reached all-time highs — both national debt and credit card debt, the prominent figure, who is also a Bitcoin proponent, said. The financial educator noted that the level of unemployment is on the rise, and pension funds (401 Ks) are losing money as the US dollar continues to lose value due to inflationary monetary policies.
Kiyosaki said he had predicted all that in his book Rich Dad’s Prophecy, which was released in the early 2000s. The book was about “the coming biggest stock market crash in history….that is here now.”
Like many sound money champions, Kiyosaki has continually cautioned of an upcoming financial crash spurred by expansionist monetary policies and fiscal irresponsibility. Bitcoin maximalists believe that loose monetary policy will propel the BTC price to seven figures.
Kiyosaki has long maintained that assets like gold, silver, and Bitcoin are crucial hedges against inflation and key to long-term generational wealth accumulation through economic cycles. Investing in these assets, Kiyosaki believes, may help an investor “come through this crisis a very rich person.” It will be too late for those who wait until after this giant crash.
The pundit said he strongly believes that a single Bitcoin would be worth $1 million by 2035, and gold and silver would reach a price of at least $30,000 and $3,000, respectively. “It will be the easiest money you ever made,” Kiyosaki says.
Bitcoin has declined since setting a new all-time high in January. It has been trading sideways this month and is roughly 22% off its record high near $109,000, reached on Jan. 20, the day of U.S. President Donald Trump’s inauguration.
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