Gold rate, Bitcoin price prediction: Rich Dad Poor Dad author Robert Kiyosaki makes jaw-dropping claims

“Rich Dad Poor Dad” author Robert Kiyosaki has predicted that prices of assets like cryptocurrency, gold, and silver are to go up. Taking to ‘X’ (formerly Twitter), Kiyosaki claimed that Gold is set to hit $25,000-mark. He also predicted that Bitcoin price is poised to go up to $500K to $1 million. Bitcoin was trading at about $111,000 on Thursday morning — a new record. That price gives it a market cap of more than $2 trillion, or about the same as Amazon. Gold price on Thursday fell as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the session.

“Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500 k to $1 million,” Kiyosaki tweeted.

Bitcoin, at times, trades in a similar fashion to tech stocks and other assets that rise in value when investor sentiment is high. Crypto market participants often point to increased involvement from traditional financial firms as reasons for its gains.

This week they have referenced JPMorgan CEO Jamie Dimon, a long term crypto sceptic, saying its clients can buy bitcoin and crypto exchange Coinbase being added to the S&P 500 this month as being contributing factors.

Spot gold was down 0.6 per cent at $3,295.21 an ounce, by 1216 p.m. ET (1616 GMT). Prices reached their highest level since May 9 earlier in the session before falling more than 1 per cent. Gold has recorded gains in the previous three sessions. U.S. gold futures also fell 0.6 per cent to $3,294.90.

FAQs

Q1. Who is owner of ‘Rich Dad Poor Dad’?
A1. Owner of ‘Rich Dad Poor Dad’ is Robert Kiyosaki.

Q2. What is current price of Bitcoin?
A2. Bitcoin was trading at about $111,000 on Thursday morning — a new record.