Robert Kiyosaki: Bitcoin will cost $100,000

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The author of the best-selling book “Rich Dad Poor Dad” explained why he loves Bitcoin so much and why he believes that the world’s first cryptocurrency will soon cost $100,000.

“Many years ago I watched Bitcoinrises to $20,000 and then drops to zero. I thought BTC was over. Watching Bitcoin slowly rise to $6,000, I bought a lot. Why? Because people support Bitcoin, not the US Federal Reserve or the government,” Robert Kiyosaki tweeted.

The writer and economist recalled that the first cryptocurrency does not need help from the Federal Reserve or the government, because it is people's money. 

“Bitcoin will be $100,000. Long live Bitcoin,” proclaimed Kiyosaki.

Robert Kiyosaki insists:Cryptocurrencies can be a great hedge against falling global stock markets, and the current price movement of BTC makes it even more attractive. The economist expects that the US dollar may lose its position on the world stage, which will lead to mass adoption of cryptocurrencies. 

Earlier in April, Kiyosaki said that he supported the first cryptocurrency, as well as gold and silver, as he did not trust either the Fed or the US President.