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Robert Kiyosaki, the very popular writer of "Rich Daddy Poor Papa" is projecting Bitcoin to reach over $1 million in five years' time.
" I purchased Bitcoin at $9,000 and also I assumed I was being wooled but the reason I bought it at $9,000 was since COVID closed down the world economic situation," he said. "I desire I had gotten it at 10 cents, but now I resemble a wizard since today it is around $55,000. I assume it's going to $1.2 million in five more years."
Nonetheless, Kiyosaki tells Kitco's Michelle Makori he still "likes" silver and gold.
" Bitcoin is still untested. But I have the wherewithal to withstand the hit if it decreases. But, gold and silver are God's money. I've traveled the globe seeking this things," he claimed.
0:00 – Stimulus
3:54 – Gresham's Law
5:50 – Bush versus rising cost of living
7:28 – Bitcoin
15:20 – Other cryptos besides Bitcoin
19:40 – Realty
28:30 – Capitalist Policy
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Robert Kiyosaki : Bitcoin will be over $1 million in 5 years but I still prefer gold and silver
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 tells Kitco's Michelle Makori 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.
0:00 - Stimulus
3:54 - Gresham's Law
5:50 - Hedge against inflation
7:28 - Bitcoin
15:20 - Other cryptos besides Bitcoin
19:40 - Real estate
28:30 - Capitalist Manifesto
__________________________________________________________________
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