Bitcoin News Today – Bitcoin (BTC) has been grabbing more attention lately. Recently, Robert “Rich Dad” Kiyosaki came into the limelight to promote the world’s largest digital currency, gold, and silver. Kiyosaki is a Vietnam veteran that is very popular for his book “Rich Dad Poor Dad.” He recently released a very bullish Bitcoin price prediction, saying that the price of Bitcoin could hit $75k in the next three years.
Author of “Rich Dad Poor Dad” Believes Bitcoin Would Hit $75k In 2023
Kiyosaki released this bullish tweet on May 16, five days after Bitcoin halving, and the tweet went viral. In the tweet, he said that with the “economy dying” and “hope fading,” he is increasingly becoming bullish on BTC, gold, and silver. His growing bullishness for the digital currency made him release a very bullish Bitcoin price prediction.
The author-entrepreneur said he believes that the price of Bitcoin would hit $75,000 in the coming three years. He also said that the price of gold will almost double in a year and the price of silver will also double in the coming five years.
The Reason for Kiyosaki’s Bullishness
“Rich Dad” is so bullish on Bitcoin and other assets, and many are wondering why. Well, here is why. Kiyosaki thinks that the actions of central banks and governments across the globe are introducing a system of “fake money” that will eventually collapse. He specifically pointed to the lack of interest rates and the central banks’ quantitative easing programs to further explain his point.
He believes that due to these macroeconomic trends, many would run to store of values and non-correlated assets as a safe haven in the long run. To him, safe-haven assets are Bitcoin and precious metals, as he feels they are more secure. Back in April, Kiyosaki said that Bitcoin is the people’s money, gold is god’s money, while fiat is fake money.
Crypto Analysts Backs Kiyosaki’s Bullish Bitcoin Price Prediction
Some Bitcoin analysts agree with the entrepreneur that it is possible for Bitcoin to surge to $75k and beyond. Bitcoin is currently changing hands at $9,500, and $75k is an increase of more than 700 percent. Many analysts are saying such a rally is very much possible in the next couple of years.
Back in April, a hedge fund manager and former Goldman Sachs executive – Raoul Paul – said that he believes Bitcoin is getting ready for a rally to $100k. He said that the current pandemic and the record stimulus-response indicates that the USD and financial system may “break” in the coming years; this would pave the way for more Bitcoin rally.
