Robert Kiyosaki Anticipates Bitcoin Surge, Predicts Gold to Plummet Below $1,200
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has forecasted a surge in bitcoin and silver, while predicting a plummet in gold prices below $1,200. He cautions investors to brace for what he terms as the “biggest crash in history,” a prediction he made years ago in his book. Expressing distrust in the Federal Reserve’s policies, Kiyosaki advocates for placing faith in assets like gold, silver, and bitcoin instead.
Kiyosaki’s Concerns and Predictions
Returning to social media platform X, Kiyosaki voiced renewed apprehensions about the U.S. economy and potential market crashes while offering insights into the future of gold, silver, and bitcoin. Rich Dad Poor Dad,” co-authored by Kiyosaki and Sharon Lechter in 1997, has enjoyed an extended stint on the New York Times Best Seller List and has sold over 32 million copies worldwide in more than 51 languages.
Sharing a thought-provoking question posed by Andy Schectman, CEO of Miles Franklin Precious Metals Investments, Kiyosaki pondered the future of U.S. bonds and the increasing preference for gold over U.S. debt by banks.
He remarked on the potential crash of gold below $1,200 while predicting a surge in silver and bitcoin prices.
Addressing the emergence of spot bitcoin exchange-traded funds (ETFs) and financial advisors recommending investments in hard assets like gold, silver, and bitcoin, Kiyosaki highlighted the role of commissions and emphasized the necessity of careful selection when choosing financial advisors. He reiterated his forecast of a significant market crash, a prediction outlined in his book “Rich Dad’s Prophecy” years ago.
Criticizing the Federal Reserve’s actions, Kiyosaki expressed frustration with experts focusing on the Fed’s decisions. Despite anticipating a crash in gold prices, he reiterated his trust in assets like gold, silver, and bitcoin over the Federal Reserve’s policies.
Kiyosaki’s Recent Insights
In previous warnings, Kiyosaki urged investors to consider bitcoin as a hedge against the U.S. government’s increasing debt, emphasizing its role in safeguarding wealth.
Following the approval of spot bitcoin ETFs, Kiyosaki revealed an increase in his bitcoin holdings, foreseeing a potential surge in bitcoin’s value to $150K and advising investors to monitor the upcoming Bitcoin halving.
Source: News.Bitcoin
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