Renowned author of the influential personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, has once again voiced his strong endorsement for alternative assets such as Bitcoin, gold, and silver, citing growing concerns about the escalating threat of inflation impacting global living standards.
The recent surge in the price of gold, surpassing the $2,000 per ounce milestone, underscores a consistent recovery amid the devaluation of fiat currencies. As a fervent advocate for the Bitcoin ecosystem, Kiyosaki shared his insights with his expansive audience of over 2.4 million followers on X (formerly Twitter), urging them to minimize their reliance on fiat currencies, which he characterizes as part of the “fake money system.”
In Kiyosaki’s view, the conventional approach of saving money is deemed ineffective, labeling those who adhere to it as “losers.” Instead, he recommends alternative investments such as gold, silver, and BTC. His endorsement aligns with the ongoing trends in the financial landscape where traditional currencies face challenges and alternative assets gain prominence.
Expressing discontent with what he dubs the “woke government,” Kiyosaki attributes the surge in inflation and the ensuing daily struggles to their policies. To safeguard against these challenges, he continues to advocate for the shift of fiat assets into Bitcoin and precious metals, emphasizing that leaders are primarily motivated by their interests, leading to outcomes like war and poverty.
In a forecast made on November 23, Kiyosaki predicted that gold’s price, having already surpassed $2,000, would further climb to $3,700 in the foreseeable future. This forecast is in line with his continuous movement towards asset classes that are historically considered hedges against economic uncertainties.
Looking ahead to the crypto market, Kiyosaki stands by his August 2023 prediction that Bitcoin will reach $100,000. He attributes this projection to geopolitical issues posing a threat to global prosperity. Furthermore, in a scenario where traditional stocks and bonds markets experience a downturn, Kiyosaki envisions a significant surge in Bitcoin’s value, potentially reaching $1 million. Simultaneously, the prices of gold and silver are anticipated to appreciate, reaching $75,000 and $65,000, respectively.
Kiyosaki’s advocacy for alternative assets remains grounded in his concern for preserving wealth amidst economic uncertainties, positioning Bitcoin, gold, and silver as strategic choices in navigating the evolving financial landscape.