Renowned author of the widely acclaimed personal finance book "Rich Dad Poor Dad," Robert Kiyosaki, has reiterated his unwavering support for assets like Bitcoin, gold, and silver amidst growing concerns about inflation and its potential impact on global living standards.
Gold prices have recently soared above $2,000 per ounce, exhibiting a steady recovery in the face of fiat currency devaluation. Kiyosaki, a fervent advocate for the Bitcoin ecosystem, advised his substantial following of over 2.4 million on X (formerly Twitter) to lessen their reliance on fiat currencies, which he often refers to as the "fake currency system." Encouraging investments in gold, silver, and alternative forms of assets like Bitcoin, Kiyosaki urged individuals aiming to save money not to be "losers":
"Embrace other avenues beyond the fake currency system. Invest in gold, silver, Bitcoin now...before it's too late." Kiyosaki, on November 23, attributed the ongoing surge in inflation and everyday hardships to the "woke government." He continued to shift his fiat assets towards Bitcoin and precious metals, asserting that "leaders don’t prioritize public well-being" and their actions ultimately lead to conflict and impoverishment. Earlier, on October 20, Kiyosaki predicted a gold price surge to $2,100 and anticipated an eventual rebound to $3,700.
Back in August 2023, Kiyosaki foresaw Bitcoin's potential climb to $100,000 due to geopolitical tensions threatening global economic stability. However, in the event of a stock and bond market collapse, he anticipated Bitcoin's price to skyrocket to $1 million, while projecting the value of gold and silver to reach $75,000 and $65,000, respectively.
