Bitcoin Price Prediction: Robert Kiyosaki Says It Will Reach $1.2m In The Next Five Years

In a Bitcoin bull cycle, one thing is common - a plethora of price predictions in favour of Bitcoin. One of the latest price predictions of Bitcoin is coming from Robert Kiyosaki, the author of the bestselling book on financial education, Rich Dad Poor Dad. Kiyosaki who had correctly predicted that Bitcoin would reach $50k this year, predicts that Bitcoin will reach $1.2 within the next five years, although he did not give any price prediction for this ongoing bull cycle.

Kiyosaki's fresh prediction came when he was asked during a Kitco News interview last week if it was too late to buy Bitcoin at the $60k price range. He revealed that he bought his first Bitcoin at the $9k price range and was happy that the price of Bitcoin had, since his entry point, moved on to reach $60k, he believes that Bitcoin would surpass $1.2m within the next five years.

The renowned author of Rich Dad Poor Dad, a book which has sold over 36 million copies globally, predicates his predictions on the excessive money printing spree of the government which, by implication, will significantly result to a devaluation of the US dollars with a high rate of inflation. Kiyosaki also believes that the Gresham's law would also come into play, that is, the good money[Bitcoin] will chase the bad money [fiat] out of circulation.

Although he admits to preferring gold and silver to Bitcoin, Kiyosaki is more bullish on Bitcoin than gold and silver which he figuratively described as God's money. If anything, it appears to this writer that the extent to which Kiyosaki's prediction would come true will be determined by the peak of Bitcoin in the ongoing bull cycle. If Bitcoin peaks above $200k, then it will be almost as sure as death that it will surpass $1.2 million by the next bull cycle.

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