Robert Kiyosaki predicts Bitcoin will rise to $1 million

Entrepreneur and economist Robert Kiyosaki has once again issued a gloomy forecast for the US economy and made recommendations for protecting capital.

According to him, there was not a single buyer at the last US bond auction, which forced the Federal Reserve System (FRS) to buy $50 billion worth of securities using "fake money", that is, created without real collateral. He noted that hyperinflation will soon begin, which will lead millions of people to the poverty line. At this time, the price of gold may rise to $25 thousand per ounce, silver - to $70 thousand, and bitcoin - to $500 thousand - 1 million.

Kiyosaki has repeatedly criticized the current financial system, calling the US dollar “fake money” that is losing value due to the constant increase in the money supply and the growth of the national debt. He believes that a decentralized standard based on Bitcoin, gold and silver is the only way to preserve capital in the looming crisis.

Earlier, analysts at the CryptoQuant platform said that the wave of massive Bitcoin purchases led to an increase in the realized capitalization (Realized Cap) by $3 billion in just one day, which could signal the market's transition to an accumulation phase before another price increase.