Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges.
Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving event.
Despite his claim that green energy initiatives negatively impact the middle class, available data contradicts this assertion. Bank of America has calculated that the Biden Administration’s climate policies under the Inflation Reduction Act have already generated over 86,000 new jobs in clean energy, including 50,000 in the electric vehicle sector, with an additional 1.5 million jobs expected in the next ten years.
Labeling fiat money as ‘criminal,’ Kiyosaki advocates for investment in assets like gold, silver, and Bitcoin to protect against the devaluation of the currency, which he foresees resulting from the massive influx of capital into the economy and ensuing inflation. He also criticizes the U.S. government and the Federal Reserve for their persistent money printing. Predicting a significant downturn in the U.S. economy, Kiyosaki urges investors to view cryptocurrencies as financial bulwarks during unstable periods.