The author of the bestseller ‘Rich Dad, Poor Dad’ and entrepreneur Robert Kiyosaki has forecast the price of the leading cryptocurrency reaching $1 million in the event of a global economic collapse.
“Bad news: if the stock and bond markets crash, gold and silver will soar to the skies. The worse news: in the event of a global economic collapse, Bitcoin would reach $1 million, gold — $75,000, silver — $60,000,” he wrote.
According to the investor, the US national debt is “too high.” He also called gold and silver “God’s money,” and Bitcoin “the people’s dollar.”
Robert Kiyosaki is not the first to urge followers to consider alternative investment options. In September 2022 he predicted ‘the greatest crash in history’, and in October he recommended buying the first cryptocurrency and other digital assets amid rising rates at the Fed.
In February 2023 the entrepreneur predicted Bitcoin rising to $500,000 by 2025 and called it the best hedge in unstable times, but warned about the asset’s volatility.
In March, Kiyosaki urged readers to buy digital gold and precious metals ahead of an “emergency landing” amid problems at U.S. banks. He repeated his recommendations in April and May.