Robert Kiyosaki slammed the U.S. Federal Reserve Board and promoted three ‘best’ investments instead in preparation for the ‘worst’ – gold, silver, and Bitcoin (BTC).
Robert Kiyosaki, the well-known author of the book Rich Dad, Poor Dad, expressed his dismay over the management of the U.S. Federal Reserve Board (Feds) on the pandemic-induced market crash.
Kiyosaki: Bullish prediction on BTC, $75K in three years
Kiyosaki tweeted about his recent purchases. According to the tweet, he invested US$1,700 [AU$2,605] in gold, $17 in silver, and $9,800 in BTC.
This series of purchases makes BTC one of his newer and biggest investments amid the pandemic-induced market turmoil.
ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.
— therealkiyosaki (@theRealKiyosaki) May 16, 2020
With these purchases, he shared his bullish predictions on his newly-acquired assets.
He predicted that gold will reach as high as $3,000 in one year and silver at $40 in five years.
His boldest bullish prediction, however, is that BTC will skyrocket in value, predicting it will go as high as $75,000 in just three years.
‘Pray for the best – prepare for the worst’
Kiyosaki took a slam at how the Fed is handling the current market situation. While the economy is “dying,” he said that the public’s hope over the situation is now “fading.”
In his interview with Anthony Pompliano, one of the prominent bullish advocates of BTC, he expressed his disbelief with the Fed’s incompetency.
He then endorsed investing in BTC. According to him:
“The reason I am endorsing BTC is just for one frickin’ reason – you’re not part of the system. It’s a separation of the government and my money.”
Kiyosaki has been sharing bullish sentiments on BTC recently. Just last month, he said that the “dollar” is already “dying.” He urged people to buy gold, silver, and BTC using the government’s “free money.”
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.
— therealkiyosaki (@theRealKiyosaki) April 4, 2020
The pandemic-induced market crash is not exclusive to the U.S., however, which is probably why many people around the world are talking about his predictions.
BTC interest is growing, famous Harry Potter author and Tesla CEO chimes in
CoinDesk reporter Leigh Cuen noted in her tweet that a “mainstream novelist” personally messaged her to ask about BTC. She did not name the novelist in her tweet, however.
The most bullish signal I've seen all week is a mainstream novelist (who I won't name but she's soooo good & not a scifi type) pinged me (unsolicited!) to ask about bitcoin. I now consider this week a success. ???? pic.twitter.com/UlHzXAtkUt
— Leigh Cuen (@La__Cuen) May 15, 2020
Surprisingly, when HBO Consultant Marvin Ammory mentioned J.K. Rowling, author of the famous Harry Potter series, as one of his favorite novelists, Cuen replied.
I don’t understand bitcoin. Please explain it to me.
— J.K. Rowling (@jk_rowling) May 15, 2020
Rowling asked Ammory to explain BTC to her, to which Elon Musk, Tesla CEO, replied as well.
Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet ???? money look solid by comparison
— Elon Musk (@elonmusk) May 15, 2020
In another tweet, Musk said that we owned 0.25 BTCs.
This might just be a part of the most interesting internet exchanges on BTC since the halving. And apparently, it is not just Kiyosaki who is bullish on BTC. The internet is becoming more and more interested in the coin.
Featured image courtesy of GeniusKp/Shutterstock