American investor and best-selling author of Rich Dad, Poor Dad, Robert Kiyosaki, has identified the most important justifications for buying bitcoin right now.

Buy Everything You Want: Rich Dad, Poor Dad Why Is It A Good Time To Buy Bitcoin? by the author

The author mentioned the falling retail costs in a tweet on March 29 to his 2.3 million followers. In addition, Kiyosaki emphasised that "rich brands are on sale," encouraging investors to start buying before the US government manages systemic inflation.

The real estate magnate claims that the current inflation is a more worrisome form of systemic inflation rather than temporary as the Federal Reserve earlier declared.

For this reason, Kiyosaki advises his followers to purchase shares of affluent companies like Prada and Polo as well as gold, silver, and cryptocurrency before their prices rise.

Since May 2020, Kiyosaki has advocated for asset classes that the Fed cannot directly manipulate. He once urged investors to "Get Bitcoin and save yourself" in response to the Fed's ongoing massive money creation programmes designed to boost the economy during pandemic-related lockdowns.


A $500,000 BTC Price Tag: The Argument


The failures of Silicon Valley Bank (SVB), Silvergate, and Signature Bank earlier this month challenged the widely held belief that banks are the safest location to keep your money, and for good reason.

After the failure of the three main U.S. banking organizations, Kiyosaki predicted that "more and more dominoes" would follow.

It's interesting to note that Kiyosaki had prophesied a "major banking crisis" for the world to experience in August 2020. By the year 2023, his forecast has come true.

However, Kiyosaki thinks that if the Fed maintains its episodes of money printing, the price of bitcoin could increase to as much as $500,000 in just two years. 

This suggests that bitcoin will appear progressively more appealing as a hedge against dollar depreciation, and the price of the original cryptocurrency may experience significant upward pressure.

The massive increase in bitcoin's value as well as conventional safe-haven assets like gold and silver, according to Kiyosaki, will most likely occur because confidence in the U.S. dollar will be destroyed. 

The U.S. government is currently trying to save banks by printing more money and distributing it throughout the market, which unintentionally causes BTC prices to overshoot.

At the time of publication, Bitcoin was up 3.66% in the previous day and back above $28,600. By market cap, the biggest cryptocurrency in the world has increased by more than 70% this year.

Disclaimer: We don,t provide any Investment advice.