- Bitcoin over $120,000 â and it is going to $1 million: Kiyosaki
- Is Warren Buffett waiting to buy Bitcoin?
Robert Kiyosaki, a renowned financial author, famous for his financial education advocacy and the “Rich Dad Poor Dad” book, is celebrating yet another Bitcoin all-time high reached over the past week. Earlier today, on July 14, the world’s pioneer cryptocurrency surpassed the $118,000 historic peak reached last week, soaring above $122,000 per coin.
Kiyosaki commented on that remarkable market event, making a staggering Bitcoin price prediction. He shared both good and bad news — that the new BTC price peak will result in for many investors and market watchers.
Bitcoin over $120,000 — and it is going to $1 million: Kiyosaki
In his tweet, Kiyosaki wrote that BTC soaring above $120,000 is “great news for those who already have some Bitcoin.” However, for those who “never pulled the trigger,” it is rather “bad news” since “they own nothing.” Still, there is a way out even for these people, the financial guru believes.
“I suggest starting very small….starting with a Satoshi,” he says. As for Kiyosaki, he clearly expressed his intention to continue accumulating this most scarce asset on the market: “I am buying one more coin.” Kiyosaki admitted that he will continue to buy due to the current economic uncertainty and chaos. Once the picture about where the economy is heading becomes clearer, he said, he will stop buying: “I will not buy any more….until I know where the economy is going.”
Kiyosaki also doubled down on his earlier forecast, saying that he expects Bitcoin first to hit $200,000 and then eventually to reach a whopping $1,000,000 per coin. The former is likely to happen this year, per his earlier tweets; the latter is to take place by 2035.
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Is Warren Buffett waiting to buy Bitcoin?
Kiyosaki also mentioned the legendary investor Warren Buffett, the CEO of Berkshire Capital, who is about to retire. The “Rich Dad Poor Dad” author reminded the community that Buffett has sold his entire stock portfolio and is now “sitting on $350 billion in cash.”
Kiyosaki believes the investor is waiting for the economy to crash to begin buying assets at a low price: “Then he will move back in and buy the best assets with cash.” Kiyosaki hinted that perhaps Buffett will change his negative attitude to Bitcoin by then and even buy some.