The latest episode of The Rich Dad radio show with Robert Kiyosaki, published earlier today, included an interview with Robert Breedlove, Founder and CEO of Parallax digital, who explained why he believes Bitcoin will be worth over $ 125 million by 2031.
Kiyosaki is the hugely successful author of the Rich Dad Poor Dad series of personal finance books, in which he shared his latest thoughts on silver, gold and bitcoin.
Rich father, poor fatherRanked in the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial literacy), financial independence and wealth creation by investing in assets, real estate investments, starting and owning businesses, and increasing one’s financial intelligence (financial IQ) in order to improve their business and financial fitness. “
At various times during the current COVID-19 pandemic, Kiyosaki criticized the Federal Reserve’s response to the resulting economic impact and urged his large fan base on social media platforms to protect themselves from what he believed to be inevitably high inflation (and possibly hyperinflation) holds. in the future by using their fiat stocks to buy silver, gold and bitcoin.
Breedlove made this bold prediction during his chat with Kiyosaki:
“By 2031 … I would expect the US money supply to grow from $ 20 trillion today to around $ 500 trillion in the next 10 years. I expect the global M2 will expand 12x from around $ 100 trillion to around $ 1,250 trillion – $ 1.25 trillion – and the difference is that many of the weaker ones international currencies have plummeted into the dollar.
“So the dollar will increase in purchasing power overall, and I think until then, until 2031, Bitcoin will continue its growth path. It will have played another one of those price cycles, its price cycle may have been broken and it has been slowly moving up as people realize that it is an accumulation game.
“I think Bitcoin will have reached around 20% of the world’s purchasing power by this point. This would mean that Bitcoin’s market cap will be around $ 250 trillion in 2031. So that’s about 1/5 of the global M2 stored in Bitcoin. Taking inflation into account, this means that Bitcoin’s market cap in today’s dollars would be around £ 20 trillion. So, in the year 2031 dollars this is a very bright line to distinguish.
“I think bitcoin will be north of $ 12.5 million per bitcoin by 2031, but adjusted for inflation, it will only feel north of $ 1 million per bitcoin in 2021 because a dollar has lost so much of its value by then.“