Shocking Prediction: The Price of Bitcoin by 2031 - Robert Breedlove

https://www.youtube.com/embed/pydsvHRbh74

(upbeat music) - This is "The Rich Dad Radio Show." The good news and bad news about money. Here's Robert Kiyosaki. - Hello, hello, hello, Robert Kiyosaki, "The Rich Dad Radio Show." The good news and bad news about money. And we have a very, very exciting guest today. He's one of the smartest guys I know. I call him the best looking guy in crypto. Better looking than Max Keiser. (laughing) But it's for you Bitcoin and crypto fanatics out there, this is your show. But it's also for you old guys, you Peter Schiff fans who can't really seem to get it. Schiff's always yelling about Bitcoin and crypto. And then the Bitcoin guys attack him. And to me it's silly. All that counts to me is how much have you got? And it's not what's the price.

How many ounces of silver do you have? How many ounces of gold do you have? And how many Bitcoin or Ethereum, or whatever it is? That's all that counts to me. Whether it was right or wrong, we'll discuss that. But why are you about it? So we have our very special guest, Robert Breedlove, is a good friend of my other friend, Anthony Pompliano. And the thing about being an old guy, is I learn from the young guys, because we have never been here before. We're on the edge of something so f-ing big. Nobody knows where we're going. So, welcome back to the program, Mr. Breedlove. And we say the same thing, it's gonna be exciting 10 years, huh? - Yes, it's gonna be exciting.

Potentially painful if you're not positioned correctly and transformative. And thank you Robert for having me back. I'm glad to be here. - Oh, no. I'm almost blown away at how smart your young guys are. I used to hope when I got to be an old guy, I'd be the smart guy, but now I'm the older guy, I'm still the old stupid guy.

But anyway, (chuckles) things are changing so fast. Give me a bit of your background Mr. Breedlove Robert. - Yeah, sure. So, I had my undergraduate masters degree in accounting and finance. I was a certified public accountant for a number of years focusing on tax strategy for investment partnerships and high net worth individuals. I then shifted gears and was pretty much a career CFO, mostly focused in tech, and then got involved in crypto assets in 2014. Made it professional in 2017. And I've been traveling down the proverbial Bitcoin rabbit hole ever since. Studying monetary history, government politics, basically exclusively for the past four years. - And the reason the your background's important is because, account says everything to me. "Rich Dad, Poor Dad" is a book on accounting.

Assets, liabilities, income expenses. That's all it is. Taxes. And most people don't know much about it. - Yeah, it's incredible. The real message I'm trying to get across today is, we've been conditioned to think inflation is not that big of a deal. And I think when you really consider economics from first principles, you'll come to see inflation as it's a coercive feeding and a moral force. And it's very simply just the stealing of wealth. By those who can print money, from those who cannot print money. And as the old saying goes, inflation is the surest way to fertilize the rich man's field, with the sweat of the poor man's brow. - Amen. What a lot of people don't know when I talk about financial education...

And I'll go back to Gresham's law, and Gresham clause says, "When bad money enters, good money goes into hiding." And so this has gone on throughout history. The Romans did it. The Germans did it. Zimbabwe did it. Venezuela is doing it. It's Gresham's law. When you have fake money enter the system, which would happen in 1971, when Nixon took the dollar off the gold standard, Gresham's law took effect. And good money i.e. gold and silver, went into hiding. I've been in silver since 1964. And gold since 1972. I don't save dollars because I support Gresham's law. Remember, Hitler came to power because of Gresham's law. When in world War I, they messed with the Reichsmark, the German currency after World War 1. And here we are again today, and they're still doing the same old thing. Biden's gonna print what? I think 5 trillion this year, this is 2021. And people are still working for the dollar. As a CPA and a finance guy working with high net worth individuals, what do you say to people right now who are trying to save US dollars? (laughing) - Well, it's funny you brought up Gresham's law which is very true law.

That bad money chases good money out of circulation. People are smart. People save good money and they spend bad money, right? It's incentives. There's another law actually related to bad money itself, it's related to inflation. So inflation progresses, according to the law of accelerating issue and depreciation. - Well, what's that again? I'm an od guy, I'm a Biden effect here, you gotta go a little slower. - The law of accelerating issuance and depreciation. So, I'll work through it a little bit. And this is a law that works as surely as gravity. We've seen it happen many times at history. So for monetary authority, it's typically easier to resist the first issuance or the first expansion of the money supply. But once they start engaging in inflation, the second issuance or the second expansion becomes much more difficult to resist. And by the third, fourth and fifth, it's basically inevitable.

They're just gonna respond with more and more inflation. So, fiat currency itself, it is actually born by borrowing. So systemically, the supply of dollars can never be sufficient to satisfy the debts that it creates. It's incentivizing the creation of debt from the outset - Being a CPA, the reason that works, is the way they get the money back is via taxation. - And seigniorage. Frankly they're buying government treasuries, right? The Feds are buying government treasuries so they're paying at this... The point of the story is, there's never enough dollars in the system to satisfy the debt it creates. It's a self annihilating system. - That's also true Triffin dilemma because you could never ever fix it. It would always go farther and further and further into debt. - Right. So the inflation that accelerates and gets worse over time. You can't put the toothpaste back in the tube as you might say.

And there's very simple consequences on market actors are, when money holds value people save, when money loses value, people go into debt. Or if you're a corporation, you buy back your shares, or you engage in other risky activities to try and outperform inflation. So, it creates this artificial hurdle rate for all market actors. And that's what we're steeped in today. We are far down that road and that's what I'd like to talk about, is Bitcoin and the next 10 years of money. - Right. And so the reason I love having you on a program, is because you have the financial depth, from traditional finance. But to go into Bitcoin which is the future, I'm gonna talk about the next 10 years. I think one of the reasons I created The Rich Dad Company, was case of Gresham's law, bad money chases out good money, or good money goes into hiding. I never saw Bitcoin, and now I'm going, "Holy moly, what's gonna happen next?" So what do you think is gonna happen next Mr.

Breedlove? - No one saw Bitcoin coming. No one had any expectation gold could be disrupted, or even have a competitor for that matter. So it's very interesting times (mumbles) But I think the US in 2021 is on equivalent monetary footing to France in 1791. And to put a few numbers to this. France had been expanding it's money supply, roughly 300% in the years leading up to 1791. They then settled into an annual expansion of 18% per year in 1792. We are gonna walk through the history of France and I'll tie it back to the US. So 1792, France is expanding 18% a year. They doubled their money supply expansion again to 35% in 1794. Again, the law of accelerating issuance and depreciation, the more money they print, the more money they had to print to keep the thing going. Then in 1795, France quadrupled their money supply expansionary to 145% per year. And finally in 1796, the printing press, where there actually creating the currency. The insignis was publicly broken and burned. So they would not print anymore. And the currency had fallen to zero basically. So in that six year period, 1790 to 1796, France expanded its money supply 100X and fully depreciated it's currency.

So, if we use that as kind of a framing... And then there's many historical examples but I just picked one that conveys the law of accelerating issuance and depreciation to tie that to the US. In the US today, from 2001 to 2020, we've expanded our money supply roughly 250%. So just a little bit less than France did. And recently in 2020, we've started expanding our money supply to about 18% per year. Now that's a conservative estimate. The actual numbers are roughly 25%, but I'm just gonna go with 18 to be conservative. - So we're tracking right on the numbers? - Tracking right on the numbers. And so if we again, looking at the law of accelerating issuance and depreciation, I would predict that by the year 2024, we will be forced to double that issuance rate again.

So from 18% to 35%. And as you alluded to earlier, Biden is already talking about five and $10 trillion stimulus packages. That would be well in excess of 35% expansion. So, I think that will happen again. And then by the year 2030, I would expect that we'd have to quadruple that rate again, reaching monetary expansion rate in the US of 145% annually. If those rates hold between now and 2030 where we increase to 35%, 2024, and 145% in 2030, the total US M2 money supply will have expanded. From today it's around 20 trillion. It will expand 25X to $500 trillion. That's what I think is gonna happen in the next decade, in the US money supply. And then if we look abroad, I think what you're gonna have is just a wave of smaller currency collapses.

Smaller sovereigns with weaker currencies. They will just be collapsing sovereign currencies like the dollar, like the Chinese Yuan as well. And by the end of this decade, I would expect that... The total purchasing power of the dollar globally today, it represents about 20%. So global M2 is roughly a hundred trillion. The dollar is about 20 trillion. So represents percent of global purchasing power. I think it will double. So as some of these currencies collapse, they collapse into the dollar. So by the end of the decade, 2030, I would expect US dollar to about 40% of global purchasing power. So, if the dollar is at a $500 trillion market cap and it represents 40% of global M2, that means the global money supplies expanded to 1.25 quadrillion dollars. That is $1250 trillion, which is about 12X, what it is today.

- So that sounds like the derivatives of those market to me which is all complete BS market. But we'll come back. People love numbers and all this, but one of the reasons people wanna listen to you right now, is everybody wants to know, in 2031, what is your prediction for the price of Bitcoin? That is the only thing that people really care about right now. So they're gonna make a decision of whether they buy or not. Not on France, not on anything like this, but what does Robert Breedlove say the future... If history tracks, which it seems to be tracking, what will the price of Bitcoin be in 2031 which is 10 years? We'll be right back. - Welcome back. Robert Kiyosaki, "The Rich Dad Radio Show." Good news and bad news about money. You can listen to "The Rich Dad Radio Program," anytime anywhere on iTunes or Android and YouTube. And please leave a review whenever you listen. All of our programs are archived at richdadradio.com. We archive them because we're an education company. We make no recommendations. We're purely educational on anything we say.

Take with a grain of salt. We don't recommend anything. And the most important thing is, if you listen to this program again, you'll learn twice as much, because repetition is how we learn. That's how you get to become a better golfer. Repeat, keep repeating. But also listen to this with friends, family, and business associates, especially those out there who are saving their stimulus check and hoping it will save them from what's coming down the road. Because our guest today is a friend of the Rich Dad Company He's name is Robert Breedlove, and is a founder and CEO and CIO of Parallax Digital. He's not only a CPA, but he is also an expert on this thing called Bitcoin and cryptocurrencies. And he's talking about what's gonna happen in the next 10 years, with the US dollar, gold, silver, but most importantly, Bitcoin. So before we go on, Robert was talking about something which beyond my head. But we had our good friend. his name is Philip Haslam, he's from South Africa.

He wrote the book, "When Currency Destroys Nations." And he was writing about the fall of Zimbabwe and he's saying exactly the same thing, Robert Breedlove is saying. He calls it the seven falls. And the seven falls is, once a country like Zimbabwe starts to print money, you take the first jump and you can't go back up. Then you take the next jump and there's four more falls to go and you keep jumping. And so that's what Robert Breedlove's talking about in this program here, is America's already gone down that road.

(chuckles) We take our big jump in 2021. This is March, 2021, and we're gonna keep jumping. (laughing) So, the question is, Mr. Breedlove, what do you see happening in the future? We have 2031 coming and everybody gonna hold it to last. So what do you think the future price of Bitcoin might be in 2031? Keep going into your analysis of why we have to keep jumping. - Absolutely. There's an old saying that says, it's harder to stop halfway downhill, that not to just go initially. And I think that's what inflation is. And this law that we mentioned, this law of accelerating issuance and depreciation related to currency, this is an ancient law. It's been written about for hundreds and hundreds of years. This is not a joke. This is not something I made up. This is something you can find everywhere, that this pattern repeats. Once countries start down this path, it's very bad and it's inescapable.

You can't turn back. So going into 2031, which was where we left off earlier, I would expect the US money supply to expand from 20 trillion ish today to about 500 trillion, in the next 10 years. I expect global M2 to expand roughly 12X from around a hundred trillion to about 1250 trillion, 1.25 quadrillion. And the difference there is that a lot of the weaker international currencies will have collapsed into the dollar. So the dollar will actually have grown in purchasing power overall. So going into 2031, let's say that Bitcoin will have continued its growth trajectory. It will have played out another one of these price cycles. Possibly its price cycle will have broken. And it'd just gone into a long, slow grind upwards, as people realize it's a game of accumulation. And I think Bitcoin by this time, will have reached about 20% of global purchasing power. So this would imply Bitcoin's market cap in 2031 dollars, to be about $250 trillion. So that's about one fifth of global M2 stored in Bitcoin. Now, accounting for inflation, that means Bitcoin's market cap in today's dollars, would be about 20 trillion.

And this is a very bright line to distinguish. I think Bitcoin, by the year 2031, will be North of 12 and a half million dollars per Bitcoin. - This is 12 and half million per coin? - 12 and a half million. But, adjusting for inflation, it will only feel like North of $1 million per Bitcoin in 2021 dollars. 'Cause the dollar will have lost so much of its value by then. 12 and half million dollars we'll spend like $1 billion. So that's my prediction for by 2031.

And then that's gonna clearly have some big impact on fiat currencies, including the dollar. - Well, again, that goes back to Gresham's law. Is that the more fake money they... But what you're talking about is when they increase M2 and M3, and all of those stuff they taught me at economics which I forgot, it's just printing more money. That's all they're doing. And so that's what gives Bitcoin and the blockchain technology so much more credibility than the Central Bank money, fake money I call it - That's right. I've said in a past episode with you actually, it's a pyramid scheme. - Oh God, yes. - When we say printing money, you're not actually creating any new wealth or value. You're just shifting the claims on existing capital. And you're stealing from those that are dependent on the dollar to hold this value. Which are the poor, those living on fixed income, retirees, pensioners, you're stealing from the most economically vulnerable, and giving to those who access to the first printed money. - This is why my wife and I started the Rich Dad Company.

It's we need financial education. Just as simple as Gresham's law, fake money drives out good money. You know what I mean? And our Federal Reserve Bank, the smartest guys on earth, don't fight the Fed, they're printing trillions. And we have millions of Americans and people all over the world waiting for the stimulus check. We're gonna crush 'em. As from your financial background, in my opinion, every time we print money, we just create more poor people. That's what we're doing. What do you have to say about that? We're just creating poor people. - You were 100% correct. And the fact that Jerome Powell can go on national television and say that there's no causation between monetary policy and wealth disparity is a testament to the times we're living in. We are drowning in deception in this world. The whole thing's built on lies. I think many Bitcoiners would argue, It starts and ends with the money. We have a lie built into our money, right? The paper was once redeemable for gold, that became a lie.

- 'Cause they've violated Gresham's law. We produced bad money. Throughout history, the Romans did it. Germans did it. Zimbabwe did it. Venezuela is doing it. Everybody's doing it. And now we have Bitcoin blockchain, Ethereum. That's why as an old guy, I've gotta keep my mind open. And I got defend the old guy like Peter Schiff who keeps going back and forth. Just buy some stupid Bitcoin, Peter, why aren't you? (laughing) - When we corrupt and violate the trust fabric which is money, society unravels. We have lots of anecdotal evidence of that throughout history.

Every time the currency collapses, the civilization collapses. Clearly I'm very focused on Bitcoin. I don't advocate for other cryptocurrencies. I don't think Ethereum is gonna be a big deal, or as big of a deal as Bitcoin. I think gold is 5,000 year old technology, will only be disrupted once. And that is by Bitcoin. And that's what we're gonna see play out over the next 10 years. So, with Bitcoin, by 2031, north of 12 and a half million dollars per corn. It's equal about 20% of the global purchasing power. So it's about half the dollars value in total. But again, the dollar will have increased according to the law of accelerating issuance and depreciation. Its issuance rate will have an increased, I'm predicting, to north of 145% by the early 2030s. This would be early stage hyperinflation. You can say actually probably medium stage hyper inflation. Typically a currency won't last more than a few years under that growth.

- This is the infamous, Weimar Republic, which led to the rise of Adolf Hitler. - That's right. Every dictator, every internment camp, every world war in human history, was funded by fiat currency. Because those individuals were not limited to the bounds of their own balance sheet. They could use fiat currency to steal the savings from the entire society, and just keep going to war until everyone's broke. - It's like those taught by mothers. She'd always say, "How can I be broke? "I still have checks." (laughing) So lemme take the old guy's side, okay? I'm gonna challenge you on this side. So as an old guy, I was just in Park City the day. Again, this is March, 2021 'cause everything's changing so quickly. This guys came up to me and they were telling me about the new altcoins or something they are producing. When I talk to guys like you, they say, "Well, Bitcoin is a network." Well just being an old guy, the network is like McDonald's. What gives McDonald's power is they're a franchise network. But there was also a Blockbuster video that digital blew out of the water.

Why would you go to a Blockbuster while you can download digitally? So, all of these young guys were coming up to me saying, Bitcoin is trash, because they're gonna start another currency. So being an old guy, how would you explain to me that idea? Because it's coming out of your head, it's not coming out of a gold mine or a silver mine. By the way Park City was a silver mine. Couldn't somebody just create their own Bitcoin and their own network, and just blow a Bitcoin out of the water? - So this is a nuanced answer to the question, is not a straightforward question to answer. 'Cause many people think, "Oh, iPhone disrupted BlackBerry, "Facebook disrupted Myspace. "Something can disrupt Bitcoin." The first answer would be money itself. Why is money as a network valued? And it turns out that there are properties to money, the visibility, durability, recognizability, portability, scarcity, and then the network that gets built up around that, is valued based on how liquid it is, or the network effects are. So how many people you can exchange with.

This is- - Lemme give you the old guy's story. Okay. Let's look at McDonald's I can go into McDonald's here in Beijing, and I can get a Big Mac and it tastes about the same and the French fries are about the same. That's the network or the effect. That's what gives McDonald's it's power. - I would modify it slightly and say, again, gold is a good analogy here. If I had a lot of gold, I know I can buy it or sell it on the market with least loss in price. So it has scalability, a lot of marketability. - It's liquid. There's demand all over the world for it. - New investors always prefer the most liquid money. It's a self fulfilling prophecy basically. The argument I commonly make, is the same quantifiable reasons, we only have one analog gold. For those same reasons, we will only have one digital gold. And then again, if you look at those properties of money, that gold best satisfied historically, divisibility, durability, recognizability, portability, scarcity, Bitcoin has essentially perfected them.

It's a pure digital asset. So it's infinitely divisible. It's stored in a distributed way so the information does not break down. This is something like the Bible. The Bible's outlasted empires because it's distributed information. It's infinitely portable 'cause it's digital, moving at the speed of light. It's infinitely recognizable, meaning you can audit the total supply. You can run a node, you can verify the money supply.

Anyone can do it anywhere for free. And then finally, it has perfect scarcity. It's the first asset in human history that we know has an absolutely fixed supply. And no one can change. - Okay. I'm gonna play old guy again, Robert. Again I'm in Park City a couple of days ago, and these guys are pitching me on why I should invite 'em. I should have kept it 'cause I knew I was gonna interview you, and I should have got the name of their coin, they were pitching me. It says better than Bitcoin. So, being an old guy, I had no retort. I couldn't come back at 'em because I don't really know. So, why couldn't somebody just create their own coins? Aren't they going to? - And they do. There's thousands of them out there. Because if you're trying to compete with Bitcoin directly as money, and it is perfected those five properties of money, there's essentially no design space left to introduce a feature that could disrupt Bitcoin.

So, first of all- - Wow, you're saying it also tells you whoever has locked it up tight? - Well, once you digitize money, money's an informational instrument. It gains all of these advantages and the services that offers become, as good as we can create with currency. - Are you saying it automatically gets stronger? - Well, here's the thing, even if these guys are the next Einstein and they've figured out something else that money needs, and none of us knew it needed, should they go into the market, they sell this coin, it starts to have some success.

Bitcoin is still adaptive. It's open source technology. So if there's a feature they've developed that makes money better, which we don't know of one, again, Bitcoin can absorb that feature set. It's open source technology. It resists harmful changes, but it can absorb useful changes, let's say. So this further insulates it. - So it's Adaptable. It's flexible. It'll change. - It's a living money, right? The difficulty adjustment itself, the harder we try to mine Bitcoin, it actually adapts.

It responds to human action and becomes more difficult to produce over time. That is the game. It's the first money that's responsive to human action. - Okay. Being an old guy again, all right? So, way back when dotcom era came up, there was Pets.com and there was Amazon. And again, an old guy like me, I didn't know the difference between Pets.com and Amazon. So I invested in neither of them. So, are you saying that Amazon just got more adaptive and stronger and blew Pets.com out of the water? - This actually leads another good point, is that network effects themselves. So a network effect, first of all, is, a network becomes exponentially more valuable. Each new network participant then joins. So, one guy joins, but it becomes one to the power of whatever more valuable. So it's becoming exponentially more valuable per new participant. Network effects can have multiple sides too.

So when we saw Facebook disrupt MySpace, they did that by introducing a superior value prop to just the user. Facebook and MySpace, it's a one-sided network effect. You look at something like Craigslist, this is a two-sided market. They have buyers and sellers in the marketplace. So they are more protected from disruption, because to disrupt Craigslist, you need to introduce a better value prop for buyers and sellers simultaneous. Otherwise nobody moves, right? And you can see this in Craigslist. It's kind of how it doesn't have a lot of innovation, but because of its early lead, it's still a fairly well established network.

If you look at Bitcoin through that lens, Bitcoin has a four-sided network effect. We have buyers in Bitcoin. We have sellers of Bitcoin. We have the miners, and then we have all the entrepreneurs building on top of and around it. So, if you're gonna try and disrupt this network, you have to introduce a superior value proposition that Bitcoin can somehow not absorb. Again, it's open source software. It can absorb features that are useful. And you have to convince this entire global network that's four-sided, to move simultaneously. And the whole thing is centered on a trillion dollar asset now. Typically when these networks get above a hundred billion, they become dominant.

So Amazon two-sided market, once it got up on a hundred billion in market cap, it became dominant. We're well past that with Bitcoin. And I don't think there's any disrupting it at this point. - Well, big and old guy, I just look at Amazon, could they have absorbed Pets.com? They could sell anything they wanted to sell. - They do now. - They can adapt. Is that what you're saying Bitcoin is? No matter what somebody throws at it, it'll come up.

If it's better, it'll adapt to it anyway. - That's right. That's what I'm saying. But you can't change the rules. It's in the symmetry and the governance mechanics, that it can only absorb useful features, but it resists harmful changes. No one can go make more than 21 million Bitcoin. All right, you can't make that change, but you can make some of the positive change. - So my final question is this being an old guy, I barely use my cell phone. I bought some Ethereum. What do you think about Ethereum? Ethereum is actually what drew me into crypto assets originally.

I was interested in the concept of smart contracts, but the way I'd come to see the space, is that there will be full consolidation at the base layer. I think everything will consolidate onto Bitcoin, and that all the experimentation and variation will be done at higher layers on top of Bitcoin. Whereas Ethereum, is trying to be its own separate base layer. And there's also a lot of questionable action from their development team. They've changed their goals a lot and shifted the goalpost. There was a big pre-mine on it. So there's a lot of unfairness in Ethereum. And I don't expect that track record to improve anytime soon.

So, I typically encourage people new to the space, to focus their attention and their energies on Bitcoin. I think you'll get the most bang for your buck in terms of investing your time learning. In my opinion, it's gonna capture the vast majority of the value in this wave of innovation. And just to finish out what we were saying earlier, we get into the early 2030s, I don't see the US dollar surviving beyond 2035. - Wow. - When it starts accelerating at 145% per year, the US M2 money supply, that's when I think hyperbitcoinization, which is a term many people in Bitcoin use to refer to Bitcoin absorbing all of the global monetary premium, I think that's gonna start to happen.

And post-hyperbitcoinization, when Bitcoin becomes global base money, it will be valued at above $5 million per coin in 2021 dollars. So that's present day purchasing power. But after the dollar hyper inflates, there comes a point where the dollar value of Bitcoin no longer makes any sense. No one will even talk about the dollar value of Bitcoin. They'll just actually talk in SATs, which is- - That's like, Phillip Haslam talking about the seven falls. At the bottom of the falls, nobody cares. - That's right. - That's what happened with the Zimbabwe dollar, nobody cares about it. - That's right. It's like in Venezuela today, there's cash clogging the gutters in the streets. It's meaningless. - So this is gonna be the biggest disruptor in world history so far. - I think we're going into the most transformative decade, certainly in monetary history, possibly in world history. - Most definitely. - I think we're transitioning from the industrial age into the digital age.

There was already a lot of groundwork laid for that, for the first 25 years of the internet, but I think COVID was a massive accelerant to the adoption of digital technologies. And I think Bitcoin is the tip of the spear in this entire movement. It is the force separating money from state for the first time in history. Stands to be the most valuable asset you could ever own. - But while we end up, I'd like to have a give here little plug for your... I really appreciate you coming on and sharing your knowledge and insights. Again, we don't make recommendations. We're not saying buy Bitcoin or gold, silver, or Ethereum, but the purpose of the Rich Dad Company, is to keep people's minds open. Just like when I was standing on the street corners of a Park City, these guys are pitching me a new crypto, I have to stay with an open mind.

But I had the benefit of coming back down to Phoenix to talk to Robert Breedlove. So that's all we do. We keep an open mind. We listen what people often say. So Robert, how do people stay in touch with you? How do they get more information from your work? - You can find me on Twitter. My last name is Breedlove, B-R-E-E-D-L-O V-E. My Twitter handle is Breedlove22.

I've got my DMS are open. I've got links to my website, my writing. And then most recently we've launched, "The What is Money Show?" Kind of taking after your footsteps, doing a little podcast and YouTube channel. I named it, "The What is Money Show?" Because I think that is the important question, people need to ask themselves, to get to the bottom of this rabbit hole. It's really sounds simple, but if you just keep asking yourself this question, I think it will uncover more and more truth. - Oh, Robert is Gresham's law. - Gresham's law. - Bad money chases out good money. - That's right. We're having a flood of bad money worldwide. - Yes. - So you need to be in gold. You need to be in Bitcoin. The only investment advice I do give, is to just study this. Study that question. Study gold, study Bitcoin, and decide for yourself. I'm not here to sell you anything. I'm just here to warn you that we are going into completely uncharted territory. - Correct. - Currency inflation perspective. And inflation rips societies apart. Like I said, at the end of the the inflation in France, they publicly broke and burned the printing press.

I think the Central Bank was burned in Lebanon. I would expect to see more Central Banks burned in this decade. - I agree with you. - And more government intervention. Inflation creates all these shortages and problems in the socioeconomic sphere. And governments keep trying to step in to create other laws trying to play whack-a-mole to solve this, that, and the other. And it just makes things worse. So I think this decade is gonna be very choppy. So I just really encourage people to ask themselves that question and study for themselves. - Well, historically, what happens when you print money, the poor get poorer. - That's right.

- And then the hyperinflation and it gets worse. Then you have revolution. That's my concern. That's why I started the Rich Dad Company. We have to have financial education. So I really thank you for being a major contributor to our work and our information. And please everybody check out Robert Breedlove. Thank you very much, Robert. - Thank you, Robert. Really appreciate it. - And we'll be right back for the final for "The Rich Dad Radio Show." Thank you. - Welcome back, Robert Kiyosaki, "The Rich Dad Radio Show." The good news and bad news about money.

Once again, listen to the Rich Dad Radio Program, anytime, anywhere on iTunes, Android, and YouTube. And please leave a review if you wish. All of our programs are archived at Rich Dad Radio. We archive them because we're purely educational. I invest in gold, silver, and Bitcoin and Ethereum, but we don't recommend it. We make you keep an open mind and listen. So we're a purely educational show. And various special thanks to Robert Breedlove a friend at the Rich Dad Radio Company, simply because he's a young guy, I'm an old guy, and we need to keep open minds between the generations here. So anyway, it's been a fantastic program. I've got a lot of my questions answered. And so Sarah, what did you think? - Well, first it's so great to have people like him and Anthony Pompliano, part of our kind of community because- - Even Peter Schiff. - Even Peter Schiff. (Kiyosaki chuckles) Pain in the back. I love having them offer their perspective. We're here to educate, and that's what I feel like this episode really did.

I love that he gave his prediction for Bitcoin in 10 years. But, what I love even more, is he gave the reason behind it. He's not just one of these guys that's, oh, because of the hype of the Bitcoin. He can provide historical data to support it. - Correct. - So that's why I really appreciate his input and what he has to say. - It was fantastic fun. The final thing is that, when I talk to young guys like this, the Bitcoin guys, they're all rebels. And there's another economist named Schumpeter. And Schumpeter said, "Capitalism is creative destruction." So the capitalists are always going after the fat, the lazy, the incompetent. And the fat, lazy, and incompetent, (chuckles) are the people in the Fed and the government right now.

They're just fat, lazy, and dumb. And they're ripping off the people. So guys like Robert Breedlove, Max Keiser, and these guys, and Anthony Pompliano, they come around. They're after the central banks. They're gonna take 'em down. And so the Rich Dad Company, we're not after the central banks, we're after the school system. And rich dad always asked, "Why don't we teach about money at school?" Well, there's a reason for that. If you don't know anything about money, you'll work for that fake dollar. And as exactly as Robert Breedlove was talking about with Gresham's law, Gresham's law is when fake money or bad money comes into the system, it pushes good money out.

But when fake money or bad money comes in, guys like Adolf Hitler come to power. That why I like using former marine in all this, that's what I'm concerned about. So the Rich Dad Company is a capitalist company. We wanna take down that school system. We've gotta start teaching kids about money and we've gotta have people like Robert Breedlove keeping the central banks honest. So thank you all for listening to "The Rich Dad Radio Show." It's been a great time, great day.

And let's most of all stay educated. Keep an open mind. Thank you very much..

As found on YouTube

Crypto is here to stay...

https://cryptogoes.com/ethereum/shocking-prediction-the-price-of-bitcoin-by-2031-robert-breedlove/