Robert Kiyosaki – the famed author of the bestselling book “Rich Dad, Poor Dad” – is at it again when it comes to bitcoin. In a recent interview, he commented that the price of the world’s number one digital currency by market cap will soon reach a whopping $50,000 per unit sometime next year.
Kiyosaki is Pushing BTC Once Again
Kiyosaki has always been a big bitcoin and cryptocurrency fan. In the past, he’s commented that the digital currency could potentially make gold and real estate investments a thing of the past, and he mentioned that the time to buy and get involved in the cryptocurrency was now.
This was several months ago, long before the currency hit the $20,000 mark that it’s trading at now. He commented that he was quite proud of buying bitcoin before it reached this price, and he advised all his followers to do the same in a respective tweet.
Only this time, bitcoin has reached $20,000. In fact, at the time of writing, one unit of bitcoin is trading for over $20,700, and with just a few hundred dollars to go before it reaches $21K, one must wonder if many people missed out on a serious chance to rake in some dough.
Should bitcoin reach $50,000 like Kiyosaki says it will, the currency would be around ten percent of the total market cap of gold.
Interestingly, hope is not entirely lost – according to the author – for those who failed to take part in the bitcoin craze. Kiyosaki is now recommending that individuals, if they don’t own bitcoin, buy as much silver as they can, given that he’s confident the New Green Deal – brought forth by socialist New York House Representative Alexandria Ocasio-Cortez – will potentially move through in the coming future.
This is an interesting claim considering the Green New Deal has been met with opposition from both Republicans and Democrats alike in the past. The last time members of Congress voted on the Deal, it failed to earn a single “yay” vote, suggesting the plan is nowhere near ready and likely despised by all.
There Are Some Strange Contradictions, Here
Either way, Kiyosaki appears to be all over the place in his recent predictions, going so far as to claim a few months ago that the price of bitcoin would undoubtedly fall as soon as the coronavirus pandemic came to an end. He said that bitcoin was likely being viewed as a hedge tool and as a “safe haven” during these times due to the harsh economic circumstances the world has witnessed. Thus, many fiat currencies are falling in value, and bitcoin serves as a strong alternative.
However, now that the COVID vaccine is ready and being distributed to individuals in both America and the United Kingdom, many are watching with bated breath to see if this doomsday prediction surrounding the digital currency comes true.