Robert Kiyosaki, the author of Rich Dad, Poor Dad, has made bold predictions about Bitcoin’s future. He states that its price could reach $500,000 by next year and potentially hit $1 million by 2030. His remarks are partly influenced by insights from Jim Rickards’ forthcoming book, Money GPT. It highlights the risks artificial intelligence (AI) poses to the global financial system.
In the latest tweet, Kiyosaki repeated his emphasis on the importance of Rickards’ book by labeling it “the MOST IMPORTANT BOOK TODAY.” He said that once, while discussing its potential impacts and showing an Advanced Reader Copy, Rickards even worried about the effects of AI on the finance domain. Kiyosaki recommended that his followers read the book, explaining that it would help them understand the future of money.
Money GPT Explores AI Risks: Economic Volatility and Security Threats
Money GPT examines the risks that further development of AI might bring, such as greater volatility in the economy and threats to national security. Based on this, Rickards posited that due to its capability to remove core human aspects such as intervention and empathy, AI could cause financial crises, thereby leading to the creation of a chaotic system. He calls on human beings to use their reason and rationality to diminish these risks before AI changes the economy.
Interestingly, Kiyosaki also accurately predicted Bitcoin in the past. In June, he delicately told the world to brace for an economic crash and, then again, to prepare for the biggest bull market in history, where one Bitcoin would reach ten million, gold would be fifteen thousand dollars an ounce, and silver a hundred and ten dollars an ounce. According to him, this is likely to happen as there is a growing pessimism in fiat money around the world.
Recently, Kiyosaki posted that he is bullish on the near-term price of Bitcoin. He informed them that the cost of Bitcoin is “ready for an explosion” with the Federal Reserve due to cut interest rates. He argued that this decline would make people lose faith in fake assets and invest in Bitcoin, gold, and silver.
Kiyosaki insisted that investors repeat the reversal from the traditional form of asset to crypto money and precious metals. He then cautions that the rate of inflation and ugly turns in the economy will dramatically increase, indicating that people need to safeguard their money. He has highlighted this statement by presenting his opinions which may be typical of a number of investors who are in the process of looking for different methods of financial systems.
However, anyone in the cryptocurrency market recognizes Kiyosaki’s future predictions when they come out, so they eagerly wait for his prediction to happen.
