Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, is forecasting significant upheaval in the U.S. economy, anticipating substantial price surges for Bitcoin (BTC) and silver, while foreseeing a crash for gold to below $1,200. Kiyosaki is also advocating for increased adoption of Bitcoin.
Taking to the social media platform X, Kiyosaki raised concerns about the sustainability of the U.S. economy and the future of U.S. bonds. He predicts a collapse in gold prices, potentially dipping below $1,200, while anticipating significant gains for silver and Bitcoin. This perspective aligns with Kiyosaki’s earlier warnings about what he dubbed the “biggest crash in history,” a theme explored in his book ‘Rich Dad’s Prophecy.’
Kiyosaki highlighted the delayed recognition of hard assets by financial planners, emphasizing the influence of money and commissions in investment decisions. Despite gold’s current price exceeding $2,000 per ounce and silver trading at $23.41, Kiyosaki remains steadfast in his preference for tangible assets over traditional financial instruments.
In recent weeks, Kiyosaki has intensified his support for Bitcoin as a hedge against systemic wealth erosion perpetuated by institutions such as the Federal Reserve, Treasury, and Wall Street. He praises Bitcoin’s decentralized nature and resistance to inflation, contrasting it with the practices of traditional financial institutions.
Kiyosaki’s bullish stance on Bitcoin has been consistent over the years. In January, he publicly criticized Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers for contributing to wealth diminishment through inflation and manipulation. He views Bitcoin as a potent countermeasure against these practices.
The cryptocurrency market has witnessed a recent surge, surpassing the $2 trillion total market cap milestone. Bitcoin’s price is currently hovering around $51,606, representing a 6.7% increase over the past seven days, with a market capitalization exceeding $1 trillion. Despite facing resistance at $52,000, Bitcoin has maintained a positive trajectory for four consecutive weeks.
MicroStrategy, a business intelligence company, shares Kiyosaki’s sentiment. With holdings of 190,000 BTC acquired at an average price of $31,224 per BTC, totaling $5.93 billion, MicroStrategy has seen its profits soar to over $4 billion amidst Bitcoin’s 20% price increase since the beginning of 2024. This financial success has sparked discussions about MicroStrategy’s potential inclusion in the S&P 500 index, as the company’s stock rallied by a significant 46% over eight days, propelling it to the 535th position among U.S. listed companies.
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