Amid uncertain times for the world economy, prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki believes Bitcoin (BTC) is one of the ways to preserve one’s wealth and predicts it will skyrocket in the years to come.
Specifically, Kiyosaki said Bitcoin will reach the price of $500,000 in 2025 and then $1 million by 2030 because artificial intelligence (AI) “is going to shake up the world of money,” as he recommended investment banker James Rickards’ upcoming book ‘MoneyGPT,’ in an X post on September 21.
Indeed, Rickards, who is also a former advisor to the United States Department of Defense and Kiyosaki’s personal friend, has written a book fully titled ‘MoneyGPT: AI and the Threat to the Global Economy,’ in which he discusses AI’s potential implications to the worldwide financial order and national security.
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In this, as he called it, “frightening” context, the ‘Rich Dad Poor Dad’ author sees people flocking to the original cryptocurrency en masse as the answer to the growing uncertainties in mainstream financial flows, which, in turn, will contribute to Bitcoin’s faster price growth.
Interestingly, the list of Robert Kiyosaki books also includes ‘The Ravens,’ on which he collaborated with Rickards and which is about to come out in October. In it, the two authors discuss the future of the global economy and share insights on how to prepare for and profit from the chaotic times ahead.
As a reminder, the ‘Rich Dad Poor Dad’ author earlier used his friend’s words and his definition of financial depression to express his view that the biggest stock market crash in history is not at the doorstep but has already started, as Finbold reported on September 10.
“It’s happening. The crash has already started. As Rickards says, we entered a depression in 2008, and the definition of a depression is subprime growth, so America and the world have not grown.”
Kiyosaki’s Bitcoin predictions
More recently, Kiyosaki suggested that the price of Bitcoin, as well as precious metals gold and silver, would likely rally due to the upcoming U.S. Federal Reserve monetary policy, as the flow of money shifts from “fake assets” like U.S. bonds to “real assets,” like gold, silver, real estate, and Bitcoin.
“Bitcoin, gold, silver prices about to EXPLODE….As stated in my previous tweet…. you talkers….cowards discussing which is better…. Gold or Bitcoin…will be Big Losers… when Marxist Fed PIVOTS…cutting interest rates…and real assets go up in price…as fake money leaves fake assets.”
At the same time, he tried to settle the debate between Bitcoin and gold, stressing that it was irrelevant and likening it to people discussing which luxury car is better – a Ferrari or Lamborghini – “as they take the bus” and tell themselves that they do not like either.
Back in April, Kiyosaki also agreed with the prognosis by Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs), who said that Bitcoin could hit a staggering price of $2.3 million per wholecoin, though not offering a timeline.
For the time being, the maiden crypto asset is changing hands at the price of $63,488, reflecting a 0.76% gain in the last 24 hours, adding up to an increase of 7.63% across the previous seven days and reducing the past month’s losses to 1.15%, according to the latest data on September 23.
Featured image via Cavaleria Com YouTube
