Watch: Robert Kiyosaki : Bitcoin will be over $1 million in 5 years but I still prefer gold and silver
(youtube.com)
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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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
“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
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Francisco Gimeno - BC Analyst Good interview. Beyond the price forecast (we always say that is irrelevant in crypto now), his opinions about gold, silver and where US is going are hard and well founded ones. Gold and silver have been the main store of value for Millenia and even if crypto is massively used and available, gold and silver will be there. Humans like to hedge and not bet on one thing only.