Bitcoin cryptocurrency is expected to grow to $ 1 million

Robert Kiyosaki, the author of the bestselling book Rich Dad, Poor Dad, suggested that the lion’s share of countries in the world will abandon the US dollar and give preference to the flagship cryptocurrency BTC $56,683.29 Bitcoin -2.72% Market capitalization $1.12 trillion VOL. 24 hours $4.55 billion . The main condition for such a scenario is the collapse of the global economy.

In an interview with Stansberry Research, Kiyosaki said that he would buy gold, silver, and bitcoin himself. According to the crypto expert, the first cryptocurrency is one of the best investment options due to the distrust of the US Federal Reserve and the Treasury Department.

«I like bitcoin because we have a common enemy: the federal government, the state treasury, the Fed, and Wall Street. I don’t trust them. If you do, then save your dollars and get a T-bill,» Kiyosaki said.

The entrepreneur called gold and silver «God's money» and bitcoin «the people’s dollar.» Kiyosaki is confident that silver as a precious metal becomes a rare asset as it wears out, so it is best suited for long-term investments.

Kiyosaki predicts that in the worst-case scenario, i.e. a global economic collapse, bitcoin could soar to $ 1 million. The investor is confident that a bull rally in BTC is just around the corner.

«Bitcoin is heading for $ 100,000. The bad news is that if the stock and bond markets do fall, gold and silver prices will skyrocket. It will be even worse if the global economy collapses. Then bitcoin will cost a million, gold will be available for $ 75,000, and silver for $ 60,000. The national debt [США] is too high. All people are in trouble. I hope I’m wrong,» the notorious writer wrote in his profile on the X platform (formerly Twitter).

As a reminder, the businessman recently suggested that the bitcoin rate would reach $ 120,000 next year. At that time, Kiyosaki once again urged investors to invest in bitcoin. The analyst is confident that the BRICS countries' own currencies will put strong pressure on the US dollar. However, the development of the digital asset is still under discussion.