Robert Kiyosaki, the author of the financial literacy book Rich Dad Poor Dad, sets an ambitious price target for Bitcoin, assuming gold soars to $25,000 per ounce.
In a message dubbed ‘The End Is Here,’ Kiyosaki issued a warning about the United States’ monetary policy, alleging that it has slid into hyperinflation. According to the tweet, he urged his followers to imagine a scenario where they organize a party without a guest.
Hyperinflation is Here
Kiyosaki claims that something similar occurred yesterday when the Federal Reserve (Fed) held an auction for U.S. bonds, but investors shunned the exercise. With investors shunning the new U.S. debt, the financial guru alleged that the Fed secretly bought $50 billion worth of bonds.
Following this development, Kiyosaki declared that the party was over, noting that the U.S. economy is currently in hyperinflation. He speculated that the Fed’s bond-buying trend would wreak havoc on the U.S. dollar, financially wiping out millions of people, including the elderly and young.
Good News for Store of Value Assets (Bitcoin, Gold, and Silver)
Interestingly, he predicted massive price spikes for assets with store-of-value utility, including Bitcoin and precious metals like gold and silver.
During this alleged hyperinflation, Kiyosaki predicted that gold’s price would soar to $25,000 per ounce, representing a surge of 671.6% from the current value of $3,240. In addition, he sets a conservative target of $70 for silver, marking a slight increase of 109.7% from $33.38, where it currently trades.
The author of Rich Dad Poor Dad suggested that if gold clinches the $25,000 target, then the price of Bitcoin could climb to $500,000 – $1 million. At press time, Bitcoin was trading at $107,283, up 2.67% in the past 24 hours and 4.1% in the past week.
Therefore, to hit the $500,000 – $1 million targets, Bitcoin must rise by 366%—832% from its current value. If this happens, Bitcoin would have a market cap of $9.93 trillion to $19.86 trillion.
However, the financial expert did not set a specific timeline for gold, silver, and Bitcoin to clinch the predicted targets.
Meanwhile, Kiyosaki’s bold price call for Bitcoin is not new. Last year, he issued a similar prediction for Bitcoin, forecasting that BTC would climb to $500,000 before the end of 2025. Further, he predicted that the premier cryptocurrency would continue its price surge to a loftier target of $1 million by 2030.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
