Renowned financial literacy expert and author of the best-selling book “Rich Dad, Poor Dad,” Robert Kiyosaki, has issued a serious warning to his horde of followers on the social networking site X.
Kiyosaki is well-known for his forecasts of an impending financial meltdown, during which he begins endorsing gold and silver in addition to Bitcoin, the leading cryptocurrency in the world. He believes that all three are safe-haven investments with prices that will soon soar.
https://x.com/CryptoVikings07/status/1720706217172205947?s=20
Robert Kiyosaki’s warning about economy
The group was forewarned by Kiyosaki that the United States is “going into a very rough economy.” Additionally, he cautioned his followers not to chase “false profits.” “Stay strong, keep studying, be brave,” he said.
The financial expert also expressed gratitude to his 2.4 million followers on the X platform for their encouragement and suggestions.
Kiyosaki highlights Bitcoin while stocks going down
The author of “Rich Dad, Poor Dad” emphasised the worth of Bitcoin, gold, and silver earlier this week, pointing out that traditional assets are still depreciating.
He tweeted that Bitcoin is still stronger than equities, bonds, mutual funds, and exchange-traded funds. Kiyosaki listed the industries that may guarantee a consistent income flow, citing his book as reference above: food production, oil, and rental properties.
Plus, he said that instead of conserving “fake USD,” put that money into gold, silver, and Bitcoin. Some financial instruments he referred to as “fake assets.” However, he said that “lifelong financial security and freedom” are provided by Bitcoin, gold, and silver.
This year, the U.S. national debt is growing at an alarming rate (it increased by $1 trillion last quarter and the government plans to borrow another $1.5 trillion) after the “ceiling” for it ($31.4 trillion) was removed. Kiyosaki named this as one of the main reasons for the upcoming massive growth of Bitcoin and gold. This is because the U.S. has been issuing USD in trillions over the past three years (starting in 2020).
The leaders of the BRICS nations met in August in South Africa, where they deliberated the introduction of a gold-backed currency to displace the US dollar in their domestic commerce and lessen reliance on US fiat money. This was another factor contributing to his prediction that BTC would soar this year.
Kiyosaki’s Bitcoin price predictions
According to Robert Kiyosaki, $135,000 will be “the next stop” for Bitcoin because of the aforementioned causes. In a previous X article, he predicted that gold will increase to $2,400 and then blow out with an even higher gain. The author of “Rich Dad, Poor Dad” predicts a threefold surge in silver prices.
According to Kiyosaki, Bitcoin will soar to an incredible $500,000 per coin by 2025.
