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“Rich Dad Poor Dad” author: Bitcoin will be valued at $75,000 in three years

In a semi-viral tweet published May 16th, Kiyosaki, the Vietnam veteran — best known for his book “Rich Dad Poor Dad” on financial wellness and success, suggested that with the “economy dying” and “hope” fading, he’s growing especially bullish on Bitcoin, gold, and silver.

Robert Kiyosaki

The author-entrepreneur is so bullish on these assets, in fact, that he predicted a $75,000 Bitcoin price within the next three years, along with a near-doubling of gold’s price in a year, and a doubling of silver’s price in the coming five years.

Kiyosaki believes that as a result of these macroeconomic trends, investors will flock to store of values and noncorrelated assets to secure their wealth in the long run. And to him, the assets that can provide such security are precious metals and Bitcoin.

As the outspoken entrepreneur fittingly put it in April, Bitcoin is the “people’s money,” gold is “god’s money,” and fiat is “fake money.”

Raoul Pal: $75,000 and Beyond Is Possible

While $75,000 is over 700% higher than Bitcoin’s current market price of $9,200, a growing number of analysts are predicting that such a move is entirely possible within the next few years.

Raoul Pal — a former Goldman Sachs executive and hedge fund manager — recently wrote in the April edition of his newsletter, Global Macro Investor, that he thinks Bitcoin is preparing to rally to $100,000.

“The chart is spectacular… I think it hits $100,000 in the next two years alone. But it could go to $1m in the same time period,” Pal wrote in reference to the chart below.

Chart via Raoul Pal 

He argued in a number of interviews and in that newsletter that the ongoing macroeconomic situation with the COVID-19 outbreak and the record stimulus response indicates that the U.S. dollar and financial system may “break” in the coming years.

Bitcoin, to him, has the potential to replace some of the existing financial and monetary infrastructure should the “break” play out.

Gold, Silver and Bitcoin Rush

Kiyosaki’s decision to invest in gold and silver could be a wise one given both metals’ increase against the dollar in recent times.

Gold is up 31% since December 2019, while the value of Silver increased 33% in a rapid surge that began on March 17 – two days after the first round of stimulus packages were announced. What’s more, the bulk of gold’s recent growth (19%) came following a price spike on March 17.

So Kiyosaki may not be reaching too far when he correlates the money-printing Fed with the increase in the value of hard assets.

As for Bitcoin – the dollar value of BTC has more than doubled since the March launch of pandemic relief bills. From a price of $4,601 on March 16, Bitcoin is now priced at $9,300 at the time of writing, following recent flirtations with $10,000.

Kiyosaki’s prediction of Bitcoin at $75,000 in three years might seem outlandish – in normal times. But with a virus pandemic now turning into a full-on financial crisis, could he be onto something?

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