Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has advised his followers to forgo conventional financial systems and put their money into alternative assets like Bitcoin, silver, and gold.
“Avoid becoming a loser. Leave the FAKE money system behind. Invest in Bitcoin, silver, and gold now. Prior to the end of time,” he stated.
This call to action comes after gold prices recently spiked above $2,000 and in line with Kiyosaki’s optimistic forecasts for Bitcoin’s future worth.
Gold clears $2,000 milestone
On Nov. 21, the price of gold broke beyond the $2,000 per ounce barrier, marking a major milestone.
A weakening of the US dollar and investor predictions that the Federal Reserve’s interest rate rises are coming to a halt were two of the causes driving this spike.
For holders of foreign currencies, gold has become a more alluring investment due to the depreciation of the dollar and the reduction in Treasury rates.
With the dollar weakening and rate rises on hold, market experts credit this increase to short covering, indicating a bright future for gold.
Kiyosaki’s uber-bullish prediction
With regard to Bitcoin’s future, Kiyosaki has made a daring prediction: he believes the cryptocurrency’s value will rise to an astounding $135,000.
This is in response to Bitcoin’s recent recovery of the $38,000 mark. Expectations about exchange-traded fund (ETF) approvals in the future and expected regulatory clarification following the Binance settlement are driving the surge.
Kiyosaki has long been an outspoken supporter of cryptocurrencies and is also positive on gold and silver.
But one should take his predictions with a huge grain of salt. The pundit’s propensity for spectacular forecasts and his seeming lack of sophisticated knowledge of intricate financial systems are frequent points of contention for detractors.
