Bitcoin (BTC) could reach $1.2M per coin in five years, says Kiyosaki

“Rich Dad Poor Dad” author Robert Kiyosaki revealed that he is getting more bullish on Bitcoin and may buy the crypto again. He also predicted that BTC’s price could soar all the way to $1.2 million within five years.

Kiyosaki shared his most recent Bitcoin price prediction in an interview with Kitco News last week. The author was asked if it is now too late to buy the crypto at its current price range between $50,000 and $60,000.

The author shared that when he bought BTC mainly because of the coronavirus pandemic and its effect on the world economy. At $9,000, he felt that it was too pricey at that time and wished he bought it at a cheaper price.

“There is always the entry point,” Kiyosaki said. “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… I wish I bought it at 10 cents like a lot of people did.”

But his investment in the crypto proved to be a very profitable move. The author revealed that Bitcoin has the potential to soar past a million dollars per coin.

“But now I look like a genius because today it’s around $55,000,” Kiyosaki added. “I think it’s going to $1.2 million in five more years.”

While he is advocating for Bitcoin, Kiyosaki still expressed his preference for precious metals over the crypto. One of his main concerns for BTC is that it is still untested considering that its market is still relatively new.

“I prefer gold and silver because bitcoin is still untested,” the author explained, according to Bitcoin.com. “But I have the wherewithal to withstand the hit if it goes down. But gold and silver are God’s money. I know because I’ve traveled the world looking for this stuff.”

“I may buy some [Bitcoin] again today or tomorrow just because I’m more bullish on it,” Kiyosaki added. “I’m not bullish on gold over bitcoin. I’m just bearish on Biden and his communist gang. That’s what I don’t like. I don’t trust the academic elite that’s called Bernanke and Yellen and now we have Powell. These guys are communists. They’ll print money. They’re central bankers.”

This is not the first time that Kiyosaki made a price prediction for BTC. Back in December, he predicted that the crypto, which was then trading above $20,000, could soar to $50,000 in 2021.

“Glad I bought Bitcoin,” Kiyosaki wrote on Twitter. “Next stop $50 k. Wall of institutional money coming 2021. Buy below $20 k. If you missed Bitcoin, buy silver. Silver set to move due to AOC’s Green New Deal. America in trouble. Future bright for gold silver Bitcoin and entrepreneurs.”

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