Rich Dad Poor Dad Author Tells Us Why Bitcoin Will See $500,000 Next Year
Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad speculates that Bitcoin is heading to six figures as early as next year. Kiyosaki envisions that the price of the worlds top cryptocurrency could hit a staggering $500,000 in 2025.
AI To Shake Up The World Of Money And Bitcoin
Bitcoins price has rebounded by over 24% two weeks after slumping to $52,500 lows, reaching around $64,100 on Sept. 20 following long-expected cuts from the Federal Reserve. Currently, the price of the biggest digital coin has retraced to $63,349 but is still up a paltry 0.9% on the day, according to CoinGecko.
However, Robert Kiyosaki author of the 32 million-copy bestseller Rich Dad Poor Dad anticipates a new Bitcoin peak in the coming months.
In a new post on X, Kiyosaki told his followers that artificial intelligence (AI) will trigger key changes in the finance world in the coming years. He cited a soon-to-be-published book titled, Money GPT, which explains how AI chatbots will reform money.
Its frightening because AI is going to shake up the world of money, the acclaimed author wrote.
Nevertheless, Kiyosaki sees a bright spot in all that, which is Bitcoin, as he thinks its a suitable safe-haven asset. According to the finance pundit, the alpha crypto has the potential to rocket to $500,000 in 2025 and reach a breathtaking $1 million by 2030, owing to the changes brought about by AI in the finance sector.
Kiyosaki is no stranger to controversy: his bestseller remains one of the most popular personal finance books ever published, yet he has also become embroiled in multiple scandals, most notable over his financial education companys bankruptcy filing back in 2012. As such, his Bitcoin price predictions should be taken with a big grain of salt.
Kiyosaki Advises Investing In Bitcoin As Dollar Is Trash
Kiyosaki has frequently voiced skepticism about traditional financial products, including even spot Bitcoin exchange-traded funds (ETFs), preferring to hold physical gold, silver, and BTC.
His long-standing criticism extends to the United States Federal Reserves monetary policies, viewing the dollar as trash and a fake currency, while endorsing investments in tangible assets.
Notably, the financial expert believes that investing in scarce assets like gold and BTC is the best way to protect your financial future against the backdrop of a falling U.S. dollar. This reinforces his belief that those who do not act now risk becoming what he deems late in life losers, stuck with depreciating assets and diminishing wealth.
Read more: https://zycrypto.com/rich-dad-poor-dad-author-tells-us-why-bitcoin-will-see-500000-next-year/
Text source: ZyCrypto
