Robert Kiyosaki predicted the growth of bitcoin up to $500 thousand by 2025
A giant financial crash and depression is coming, says the author of the bestseller "Rich Daddy, Poor Daddy".
According to the entrepreneur, faith in the U.S. dollar will soon be shattered and gold, silver and bitcoin will skyrocket in value.
"A giant crash is coming. A depression is possible. The Fed has been forced to print billions of fake money. By 2025, gold at $5k, silver at $500k and bitcoin at $500k. Why? Because the belief in U.S. dollars, counterfeit money, will be shattered. Gold and silver are the money of the gods. Bitcoin is a dollar for people," Kiyosaki wrote on his Twitter page.
Over the past few years, Kiyosaki has repeatedly claimed that financial markets are at risk of collapse and said that precious metals and bitcoin are the only assets in which it will be possible to save money. In 2021, Kiyosaki twice warned investors of the biggest crash in history and urged them to buy more bitcoins, gold and silver.
The businessman's assumption was based on the fact that the U.S. Federal Reserve would begin to reduce interest rates in January 2023.
Following a two-day meeting from January 31 to February 1, the Fed decided to raise interest rates by 25 basis points from 4.5% to 4.75% per annum. Bitcoin then rose to $24,19 thousand on the night of February 1 to 2, reaching its highest level since August 15, 2022.