Robert Kiyosaki expects Bitcoin to rise to $1 million amid hyperinflation

Robert Kiyosaki, a renowned investor and author of the best-selling book "Rich Dad, Poor Dad", reached out to the crypto community on social media. His message was both positive and negative.

According to the expert, on May 20, the US Federal Reserve held an auction of Treasuries. It failed when the central bank was forced to buy $50 billion of its own assets.

Kiyosaki claims that this indicates a lack of investor confidence in the sustainability of US government debt. Additionally, the sharp increase in the money supply has driven up prices. The investor expects hyperinflation in the US in the future.

However, Kiyosaki added that there is room for good news amidst this backdrop. He expects the price of gold to rise to $25,000 per ounce, the price of silver to reach $70 per ounce, and bitcoin to surge to a minimum of $500,000 and a maximum of $1,000,000 per coin. The expert did not outline a timeframe for reaching these levels but advised investors to hold bitcoin.