The crypto community is buzzing with excitement after a renowned financial author predicts an impending bullish outcome for Bitcoin. The words of the respected financial figure have raised questions and discussions in the crypto community.
Author of Rich Dad Poor Dad Sees Bitcoin Rising
Japanese-American entrepreneur and author of the famous Rich Dad Poor Dad book, Robert T. Kiyosaki, recently stated in an X (formerly Twitter) after On Thursday, Bitcoin was on the verge of reaching $135,000 after reaching a $30,000 mark at some point on friday after rumors about BlackRock’s Bitcoin ETF Approval.
Gold will soon break through $2,100 and then take off. You’ll wish you had bought gold under $2,000. Next stop gold $3,700. Bitcoin tests $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 per ounce. Savers of counterfeit dollars F’d. Please tell your friends: “Wake up.”…
— Robert Kiyosaki (@theRealKiyosaki) October 20, 2023
With recent predictions suggesting that Bitcoin could regain its value bullish momentum if it crosses the crucial $30,000 mark, the crypto community was filled with hope that the $30,000 could be sustained. However, in later periods on Friday, Bitcoin fell back below $30,000 and is currently trading at $29,714, according to CoinMarketCap.
BTC market cap currently at $581 billion on the weekly chart: TradingView.com
In his post, Kiyosaki also mentioned other investment assets such as gold and silver which he believes would quickly break resistance and gain more value. He urged people holding or saving “fake” US dollars to become more aware, implying a possible negative outcome for these investments.
“Gold will soon break through $2,100 and then take off. You’ll wish you had bought gold under $2,000. Next stop gold $3,700. Bitcoin tests $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 per ounce,” Kiyosaki said.
He added: “Savers of counterfeit dollars F’d. Tell your friends to “Wake Up.” Greetings.”
Kiyosaki explains the inflationary pressures for the lower classes
In another after On Wednesday, Kiyosaki spoke about the subject inflation. He stated that inflation has a major effect on the wealth gap, the economic inequality between the rich and the rest of the population.
INflation makes the POOR AND MIDDLE CLASS poorer because they work for dollars and they save. Yet INFLATION makes the RICH RICHER. Why? Because today’s rich work save for gold, silver and Bitcoin.
— Robert Kiyosaki (@theRealKiyosaki) October 18, 2023
Kiyosaki argued that inflation had a crippling effect on the poor and middle class because they work and save US dollars, making them poorer and unable to accumulate wealth without difficulty.
In contrast, he said the rich get even richer during inflation because they save valuable investment assets such as gold, silver and other savings Bitcoin. This theory has some weight as the wealthy usually have greater access to financial instruments and assets that increase in value during periods of inflation.
“INFLATION makes the POOR AND MIDDLE CLASS poorer because they work for dollars and they save. Yet INFLATION makes the RICH RICHER. Why? Because today’s rich work is taking care of and saving gold, silver and bitcoin,” Kiyosaki said.
Featured image from The Daily Hodl