Bitcoin, forecasting it will reach $500,000 by 2025. Kiyosaki's assertion is grounded in his belief that Bitcoin, alongside gold and silver, represents an undervalued asset class. He argues that as fiat currencies like the US dollar continue to depreciate due to rampant inflation and national debt accumulation, investors will increasingly turn to these commodities as safe havens . This shift in investor sentiment is expected to drive Bitcoin's price significantly upward.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad” speculates that Bitcoin is heading to six figures as early as next year. Kiyosaki envisions that the price of the world’s top cryptocurrency could hit a staggering $500,000 in 2025.
Bitcoin’s price has rebounded by over 24% two weeks after slumping to $52,500 lows, reaching around $64,100 on Sept. 20 following long-expected cuts from the Federal Reserve. Currently, the price of the biggest digital coin has retraced to $63,349 but is still up a paltry 0.9% on the day, according to CoinGecko.
Robert Kiyosaki— author of the 32 million-copy bestseller Rich Dad Poor Dad — anticipates a new Bitcoin peak in the coming months.
Rickards, an American lawyer, economist, and author of Currency Wars, frequently discusses global macroeconomic issues, offering insights on inflation risks, central bank policies, and the impact of geopolitical events on the global economy.
His book, Money GPT, explores the dangers artificial intelligence (AI) poses to the global financial system, highlighting how AI could trigger economic instability and increase national security risks. The book argues that AI will accelerate financial crises by removing human intervention and empathy, creating a chaotic and self-perpetuating system. Rickards calls for using human logic and common sense to mitigate these risks before AI reshapes the global economy.
Bitcoin has been striving to break above the $64,000 resistance after soaring by 7.6% on Wednesday and touching on that price level. BTC demonstrated an impressive increase after the Fed Chairman Jerome Powell announced during the scheduled FOMC meeting that the U.S. central bank intends to cut the annual interest rate by 50 basis points. This would be the first rate cut in the past four years with the Fed switching from its previously hawkish stance to a dovish one. #Samson Mow #Bitcoin News
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