Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” has made some bold predictions about the future of Bitcoin and gold. In a recent post on X, he claimed that he bought Bitcoin at $9,000 and that he may buy it again “today or tomorrow just because I’m more bullish on it.” He also said that he thinks Bitcoin’s price will reach $1 million in five years.
Kiyosaki is not alone in his optimism about Bitcoin. He also praised gold as a store of value and a hedge against inflation. He said that central banks are accumulating and holding gold because they know its value will increase over time. He contrasted this with silver, which he expects to decline in price due to rising inflation and selling pressure.
However, Kiyosaki also warned about the potential for a silver market crash. He advised silver stackers to buy more silver before it drops significantly. He said that silver is still untested compared to Bitcoin and gold, but he has the wherewithal to withstand the hit if it goes down.
SEC Twitter Hack Sparks Bitcoin ETF Speculation
Meanwhile, an unauthorized user breached the security of the SEC’s official X account and posted a claim stating that the agency had greenlit the launch of the spot Bitcoin ETF. SEC Chair Gary Gensler swiftly clarified that the agency had not approved any such ETFs and that the misleading post, which has since been deleted, originated from the unauthorized user.
The incident raised questions about whether the compromised SEC tweet was the result of a hack or a mere mistake in post-dating. With the decision on the Bitcoin ETF looming, today’s developments added an intriguing layer to an already tense situation, creating anticipation for the imminent resolution of this saga.
The crypto industry is abuzz with speculation about Kiyosaki’s predictions and their implications for BTC and gold prices. Some analysts believe that Kiyosaki is right about his bullish outlook on both assets, while others think that he is too optimistic or too late to buy them.
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