Thomas Daniels
Robert Kiyosaki, the celebrated author of “Rich Dad Poor Dad,” anticipates a significant upheaval within the U.S. economic landscape, predicting substantial upticks in the value of Bitcoin (BTC) and silver, contrary to gold which he believes will plummet below $1,200. He advocates for an increased adoption of Bitcoin.
Using the platform X, Kiyosaki has voiced concerns regarding the U.S. economy’s stability and the viability of U.S. bonds. He predicts a downturn for gold, potentially dipping below $1,200, while foreseeing notable appreciations for silver and Bitcoin. This perspective aligns with his prior warnings about an impending “biggest crash in history” detailed in his book ‘Rich Dad’s Prophecy’.
Kiyosaki criticized the financial planning industry’s slow acknowledgment of physical assets, attributing this lag to the allure of commissions and monetary gains.
Highlighting the historical performance of gold, which has surpassed the S&P 500, he predicts a severe 70% fall in the S&P. Despite the current prices of gold at $2,013.43 per ounce and silver at $23.41, he firmly supports the value of real assets over conventional financial tools.
Lately, Kiyosaki has amplified his endorsement of Bitcoin as a bulwark against the erosion of wealth by entities such as the Federal Reserve, the Treasury, and Wall Street. He praises Bitcoin for its decentralized nature and resilience to inflation, setting it apart from the adverse impacts of traditional financial systems.
Kiyosaki has consistently been a vocal supporter of Bitcoin, frequently expressing his optimistic view on the cryptocurrency.
In January, he openly criticized figures like Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers for their roles in diminishing wealth through inflation, taxation, and manipulation of stock prices, positing Bitcoin as a strong defense against these maneuvers.
The cryptocurrency market has recently seen a surge, with the total market cap exceeding $2 trillion.
At the time of this writing, Bitcoin’s price stands at approximately $51,606, marking a 6.7% increase over the past week and achieving a market capitalization of over $1 billion.
Bitcoin currently encounters resistance at the $52,000 mark, continuing its upward trajectory for the fourth successive week.
