0:00?EUR< - Stimulus3:54?EUR< - Gresham's Law5:50?EUR< - Hedge against inflation7:28?EUR< - Bitcoin15:20?EUR< - Other cryptos besides Bitcoin19:40?EUR< - Real estate28:30?EUR< - Capitalist Manifesto
Robert Kiyosaki, the best-selling author of "Rich Dad Poor Dad" is projecting Bitcoin to climb to over $1 million in five years' time.
"I bought Bitcoin at $9,000 and I thought I was being fleeced but the reason I bought it at $9,000 was because COVID shut down the world economy," he said. "I wish I had bought it at 10 cents, but now I look like a genius because today it is around $55,000. I think it's going to $1.2 million in five more years."
However, Kiyosaki said he still "prefers" gold and silver.
"Bitcoin is still untested. But I have the wherewithal to withstand the hit if it goes down. But, gold and silver are God's money. I've traveled the world looking for this stuff," he said.
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad's Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, "Your home is not an investment," years before the Panic of 2008. His latest book is Who Stole My Pension? How You Can Stop the Looting.