Robert Kiyosaki, the author famous for "Rich Dad Poor Dad," has reiterated his bullish prediction for Bitcoin (BTC), forecasting that the cryptocurrency could reach a price of $1 million within the next five years. However, his primary focus is not on the short-term price movements but rather on accumulating the asset quantity for long-term wealth. Kiyosaki highlighted that wealthier investors concentrate on how much of an asset they control instead of obsessing over price fluctuations.
He began accumulating Bitcoin when its price was around $6,000 and expressed regret for not having more fiat currency earlier to buy additional BTC. Alongside Bitcoin, Kiyosaki considers precious metals such as gold and silver essential hedges against inflation and broader financial uncertainties.
Further, Kiyosaki issued a warning about an impending major market crash—the biggest in history—stressing that holding Bitcoin, gold, and silver could protect long-term investors. He believes 2025 will present significant opportunities for traders.
Despite these bold predictions, current Bitcoin prices have shown limited volatility, with BTC trading marginally above $104,000 and experiencing a 13% drop in daily trading volume, suggesting a consolidation phase amid geopolitical tensions and economic challenges.
Kiyosaki's stance aligns with other influential figures who emphasize Bitcoin's role as a risk-off asset and inflation hedge, reinforcing interest among long-term holders rather than immediate price speculation.