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“Rich Dad” R. Kiyosaki predicts $50k for Bitcoin in 2021, endorses Silver

"Rich Dad" R. Kiyosaki predicts $50k for Bitcoin in 2021, endorses Silver
Samuel
Town
5 months ago
3 mins read

Robert Kiyosaki, an American businessman and author of the personal finance bookRich Dad Poor Dad“, predicts another Bitcoin milestone in 2021. The author believes that the asset’s price is headed towards the $50,000 mark.

His sentiments come after the Bitcoin price surged by 4.88% to $19,297 at the time of writing. In a tweet, he shared his delight of investing in Bitcoin early since he views a bright future for the asset.

With the cryptocurrency space witnessing a surge of institutional investors, Kiyosaki called on investors who missed out on Bitcoin to buy Silver. The author predicts a rise in Silver price if the United States adopts the Green New Deal bill fronted by Rep. Alexandria Ocasio-Cortez.

Kiyosaki notes that Silver and Bitcoin will have great returns for early investors. Interestingly, the businessman has Gold on his list of worth assets for investors. According to Kiyosaki: 

“Glad I bought Bitcoin. Next, stop $50k. Wall of institutional money coming 2021. Buy below $20 k. If you missed Bitcoin, buy Silver. Silver set to move due to AOC’s Green New Deal. America in trouble. Future bright for Gold, silver Bitcoin, and entrepreneurs.”

Initially, the author indicated that he would invest in Bitcoin and Gold with his stimulus check. Kiyosaki noted that the U.S. Dollar is not reliable money as it is controlled by a group of rich people who created it.

Bitcoin endorsed by leading financial figures

Kiyosaki adds to the growing list of prominent figures in the financial world to endorse Bitcoin. For instance, Bridgewater Associates billionaire founder Ray Dalio now considers Bitcoin and other cryptocurrencies to have established themselves to become gold-like asset alternatives.

Dalio’s sentiments come barely a month after calling out Bitcoin’s volatility as the main reason why it cannot be an alternative source of wealth. He even projected a ban by governments globally. 

Cryptocurrency proponents strongly believe Bitcoin is an effective alternative to Gold. Notably, activities from leading economies appear to be backing the assertion.

Recently, Russia began selling its Gold following years of massive accumulation. Russia’s move stems from the coronavirus pandemic effects. During the period, Bitcoin remained stable while Gold showed slow growth. 

Most Russians withdrew about $13.4 billion cash from banks’ ATMs in March. Also, there was the steepest devaluation of national currency for 18% in just one month.

Related video: The Coming Financial Crisis and the Return to Gold

Featured image via The Rich Dad Youtube Channel

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Samuel Town
Author

Samuel is a professional finance copywriter with years of experience. He has created propositions, pitch decks, white papers, and content for over 100 respectable firms, startups, businesses, and institutions globally. At Finbold.com he covers deep-dive reviews of the various financial companies.