Kiosaki predicts Bitcoin will hit $100,000 this year despite U.S. economic contraction

According to U.Today, Robert Chiosaki, a well-known Bitcoin investor and author of "Rich Dad Poor Dad", shared his views on the current state of the US economy on the X platform. He believes that the US economy is currently in a state of contraction, but the definition of contraction he gave is "economic growth below potential." He reminded readers that in the last quarter of last year, the economy grew by 3.4%, while in the first quarter of this year, the growth was less than half, only 1.6%. Despite this, Chiosaki remains optimistic about the economy because it is still growing anyway. In addition, according to his earlier tweets, the financial expert has and will continue to make huge investments in Bitcoin, the world's leading cryptocurrency. Chiosaki said earlier this year that he expects Bitcoin to soar to $100,000 in September. He also said that he plans to buy another 10 Bitcoins before the Bitcoin halving because he expects the price to rise significantly.