Author of 'Rich Dad Poor Dad' Expresses Confidence in Bitcoin as a Safeguard
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Check out U.TODAY on Google News * Historic Stock Market Meltdown* "Silver's price to double"; "I trust Bitcoin to shield me"
Renowned financier and "Rich Dad Poor Dad" author Robert Kiyosaki has issued a blunt warning about the current financial climate and Bitcoin. He also drops a bold price prediction regarding an asset he thinks could rival Bitcoin in future.
In the blunt style for which he's known, Kiyosaki reiterated his prediction from "Rich Dad's Prophecy," warning that the "biggest financial fucking nose-dive in history" is presently underway. He initially made this claim in the early 2000s, predicting significant market collapses in stocks, bonds, and real estate[1][2].
Citing these anticipated crashes, he's been investing in gold, silver, and later Bitcoin.
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Kiyosaki isn't just bullish on Bitcoin, he's got a positive outlook on physical gold and silver as well. He frequently prefers these assets over other investments, even for folks on limited incomes. He owns silver in the form of coins and often stresses their affordability[3].
His latest tweet forecasts that silver's price will skyrocket, more than doubling to $70 per ounce by 2026 - starting from its current $35 price[1][2][3]. He notes that silver is presently around 50% below its all-time high, providing a strong case for optimism.
As the market crashes approach, Kiyosaki warns that the Fed and Treasury might flood the market with trillions of fake dollars, leading to a spike in inflation in the near future.
To sum up Kiyosaki's stance: "I fuckin' don't trust the Fed and Treasury!" These institutions can fire up the "print money press" whenever they see fit. His reason for accumulating gold, silver, and Bitcoin? "They're my guardians against the impending inflation." He calls U.S. dollars "useless shit" since the U.S. has seen an erosion in its purchasing power ever since it ditched the gold standard in 1971.
#"Rich Dad, Poor Dad" Author Robert Kiyosaki #Bitcoin
- Robert Kiyosaki, known for his blunt warnings and being an author of the influential book "Rich Dad Poor Dad," has reiterated his prediction of a massive financial crash, akin to the "biggest financial fucking nose-dive in history" he forecasted in the early 2000s[1][2].
- In light of these expected market crashes, Kiyosaki has been investing in assets such as gold, silver, and Bitcoin, with the latter being a notable addition to his portfolio[3].
- Kiyosaki's recent tweet projects that silver's price will significantly surge, potentially reaching $70 per ounce by 2026, a 100% increase from its current $35 price[1][2][3].
- As a remedy against impending inflation, Kiyosaki advocates for the accumulation of gold, silver, and Bitcoin, claiming they serve as "guardians" to protect him from the anticipated surge in inflation[3].
- With the Fed and Treasury potentially flooding the market with trillions of seemingly worthless dollars, Kiyosaki considers these institutions dangerous, as they can manipulate the economy through the "print money press"[3].
- In today's volatile market landscape, where cryptocurrencies such as Bitcoin dominate headlines and discussions, Kiyosaki's perspectives on blockchain technology, price prediction, and investing strategies present a crucial nutshell of insights for finances and trading enthusiasts alike.
