Robert Kiyosaki calls a possible reason for the further rise in the BTC price

According to the entrepreneur, the rally of the first cryptocurrency will continue, because its value has increased by 100% over the year

20.04.2023 - 10:35

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3 min

The material is not an investment recommendation and is published for information purposes only.

What’s new? Robert Kiyosaki, an American entrepreneur and author of the bestseller “Rich Dad, Poor Dad,” said on his Twitter account that the bitcoin rate will continue to rise as it has risen by 100% from a 2022 low of $15 500 to a 2023 high of $31 000. According to the entrepreneur, his motivation for buying BTC and precious metals is his distrust of the Federal Reserve System (Fed), the Treasury Department, and US President Joe Biden. As of April 20, 10:30 UTC, bitcoin is trading at $28 809 on Binance, down by 1,32% in a day and 3,6% in a week, according to aggregator CoinGecko.

Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, BC? Because Fed, Treasury, and Biden are liars. . — Robert Kiyosaki (@theRealKiyosaki) April 18, 2023

Kiyosaki’s other predictions. In February, the entrepreneur predicted the imminent beginning of a massive market crash after which the Fed would be forced to print billions of dollars to support the economy by reducing the value of the dollar. If that happens, Kiyosaki believes bitcoin will rise to $500 000 by 2025.

One-third of bitcoin’s supply has returned to the profitability zone since the beginning of the year

In April, the total number of coins in the green zone reached 14,8 million

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In March, Kiyosaki called for buying gold, silver, and bitcoin ahead of a massive crisis that began with the collapse of Silvergate, Silicon Valley, and Signature banks.

In April, Bernstein analysts said that bitcoin would outperform gold as a hedge against the recession and a depreciating dollar. Larry Lepard, head of Equity Management, believes that BTC could rise to $10 million as a result of the dollar’s collapse, and in the long run, a limited issuance would put it ahead of gold.

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