Crypto News

Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin

American businessman and author Robert Kiyosaki has praised Bitcoin, stating that its success is down to its decentralised nature. Kiyosaki, who previously watched BTC climb to $20,000 before dropping to almost $4,000, purchased more of the digital asset when it reached $6,000. He sees BTC as a worthwhile investment and believes it will reach $100,000 soon. Kiyosaki encourages people to acquire more BTC, gold and silver in preparation for an impending market crash on the US dollar. While he recognises Bitcoin as a commodity, he maintains that most alternative coins (altcoins) are considered securities and will be targeted by regulators when classified as such. In February, Kiyosaki predicted that by 2025, Bitcoin would be worth $500,000, while gold and silver would be worth $5,000 and $500, respectively.

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