Kiyosaki pledged to purchase more BTC, gold, and silver since he views the Fed and Joe Biden as "liars."
Robert Kiyosaki – an American businessman, investor, and motivational speaker better known as the author of the bestseller “Rich Dad, Poor Dad” – praised bitcoin’s impressive performance in the past 12 months, predicting its price to keep rallying in the future.
He said he will buy more BTC as he doesn’t trust the Federal Reserve and the President of the US – Joe Biden.
BTC: An Alternative to the Fed’s Controversial Policy
In a recent post on Twitter, Kiyosaki highlighted Bitcoin’s price increase in the past year. It is worth noting, though, that the rally started at the beginning of 2023, while a long time during 2022 BTC was trading at sub $20K levels.
The “Rich Dad Poor Dad” author forecasted that the asset, alongside gold and silver, could continue its positive trend in the following months. He even vowed to increase his exposure to bitcoin and the precious metals because the “Fed, Treasury and Biden are liars.”
Bitcoin up over 100% in a year. Will Bitcoin keep going UP? I’m betting on it. I am buying more gold and silver. Why buy more Gold, Silver, BC? Because Fed, Treasury, and Biden are liars. .
— Robert Kiyosaki (@theRealKiyosaki) April 18, 2023
Numerous other prominent individuals recently claimed that the actions of the central bank of the US have caused financial turmoil and could be one reason behind the galloping inflation in the region.
In addition, he maintained that the Fed had partnered with a number of leading banks between 2008-2022 to print a substantial amount of money, while President Biden “weaponized” the DOJ, the FDIC, and other agencies to force some institutions to cease operations to crypto entities at the end of last year.
Kiyosaki Sees BTC Trading at $500K
He believes the higher possible adoption could boost BTC’s valuation to $500,000 by 2025, while gold could climb to $5,000 per ounce.