"Hmmm what if the price of BTC doesn't go up even if the bank collapses."
The author of the famous book "Rich Dad Poor Dad" and a staunch supporter of the cryptocurrency Bitcoin (BTC), Robert Kiyosaki has warned that soon the world may experience a global financial collapse.
According to Kiyosaki to the 2.4 million followers of his Twitter account, a massive increase in Treasury Bills (T-Bills) per month could cause a recession in the near future.
Therefore, he said that BTC including precious metals are among the assets that can be saviors when such bad events occur.
Kiyosaki also predicted that the price of BTC has the potential to surpass the level of $100,000 or more as the Federal Reserve (Fed) is unlikely to act aggressively in raising interest rates.
The streak, BTC is capable of soaring if the Fed loosens their monetary policy and injects liquidity into the financial system.
This is because the Fed needs to print billions of 'non-existent' money and it will be the reason why the price of BTC can reach $500,000 before the end of 2025 while gold and silver will reach $5,000 and $500 respectively.
After Kiyosaki, who also expected the price of the digital asset to reach $500,000 by 2025, he insisted that the banking crisis experienced by the United States (US) could encourage people to start opening their eyes to BTC.
Even so, the price of BTC is still down 1.72% at $27,684 in the last 24 hours with a market capitalization of $536 billion and has slipped 1.46% over the last week.
