The Author Who Said Bitcoin Will Hit $500K Predicts World Economy to Collapse

The post The Author Who Said Bitcoin Will Hit $500K Predicts World Economy to Collapse appeared first on Coinpedia Fintech News

The author of the book “Rich Dad Poor Dad” and a former well-known real estate investor Robert Kiyosaki believes that the world economy is about to collapse. According to the author, who is also a Bitcoin enthusiast, the world should prepare for bank runs. He thinks purchasing silver coins is a solution to the current predicament and will make ordinary people “prepared for what is coming.”

He had said in December that by 2025, he anticipated, gold will cost $5,000, silver $500, and bitcoin $500,000, respectively. Also, he predicts that gold will hit $3,800 and silver will hit $75 this year. Having previously stated that he is an investor in bitcoin rather than a trader, Kiyosaki has admitted that the mere mention of bitcoin makes him happy.

“Please. Please Please. World economy on verge of collapse. Runs on banks next? Savings frozen? Bail-INs next? I make no money when you to buy REAL silver coins. I simply want you prepared for what is coming. You can buy a real silver coin for about $25. Please take care,” he wrote on Twitter. 

Talking about Bitcoin, the author had said in an interview with Michelle Makori, Kitco’s Lead Anchor and Editor-in-Chief, “When I saw Bitcoin go to $20,000, I don’t know when it was, then it dropped down… But then it came roaring back. So when it hit $6,000, I bought 60 Bitcoin at $6,000. I think today it is at $20,000… so the more I’m in it, the more I realize it has sustainability. So the reason people buy Bitcoin is the same reason I buy this [silver]. And I buy this [gold]. I don’t trust this [dollar bills].”

Kiyosaki and Sharon Lechter wrote the 1997 book “Rich Dad Poor Dad” together. It has spent more than six years on the New York Times bestseller list and has sold more than 32 million copies worldwide in more than 51 different languages.