The author of the personal finance best-seller Rich Dad Poor Dad, Robert Kiyosaki, is expressing bullish sentiment on Bitcoin (BTC).
Kiyosaki tells his 2.4 million Twitter followers that he bets Bitcoin will “keep going up” after appreciating by 100% from its 2022 low of around $15,500 to a 2023 high of $31,000 earlier this month.
According to the Rich Dad Poor Dad author, his motivation for buying Bitcoin and precious metals is his lack of trust in the Federal Reserve, the U.S. Treasury Department and President Joe Biden.
“Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, Bitcoin? Because Federal Reserve, U.S. Treasury, and Biden are liars.”
Bitcoin is trading at $29,202 at time of writing.
Kiyosaki, who has previously revealed that he first bought Bitcoin at $6,000, earlier this year set a six-figure price target for the flagship crypto asset.
According to the Rich Dad Poor Dad author, Bitcoin will hit $500,000 by 2025, largely driven by the Federal Reserve loosening monetary policy and embarking on a money-printing spree.
“Giant crash coming. Depression possible. Fed forced to print billions in fake money.
By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin [is the] people’s money. Take care.”
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