Skip to content

Brace for inflation as Robert Kiyosaki predicts ‘fake money’ crisis

Brace for inflation as Robert Kiyosaki predicts 'fake money' crisis
Ana Zirojevic

Amid his repeated warnings about a potentially devastating economic crisis, popular investor and finance author Robert Kiyosaki has sounded alarm on, as he called it, “fake money” controlled by “Marxists” in the American government, as well as the lengthy inflation at the country’s doorstep.

Indeed, Kiyosaki voiced his opinion that the current United States President, Joe Biden, had “caused inflation to rise, making life harder for the poor and middle class” after cutting the Keystone XL pipeline, which “caused the price of oil to rise from $30 to $130 in just one week,” per his X post on June 9.

Inflation taking hold

Furthermore, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ warned that “inflation will be with us for years” despite his belief that Biden will not win the presidential elections, as he argued that the “liberal academic ‘swamp’ that brought the Biden crime family to power… are still in power.”

For this reason, as well as his conviction that the ruling establishment in the US, or as he called them, “Marxists,” control “politics and fake money,” referring to the US dollar, but that they “cannot control real money,” or gold, silver, and Bitcoin (BTC), which he is accumulating as a safeguard against them.

Robert Kiyosaki’s favorite assets

As a reminder, Kiyosaki has long shared his preference for precious metals and the flagship decentralized finance (DeFi) asset and the world’s first cryptocurrency, praising them as ideal investments to protect oneself against what he sees as the US government’s incompetence.

In particular, he has recently opined that Bitcoin could hit the price of $350,000 by the end of August 2024, as well as predicting that other popular crypto assets, including Ethereum (ETH) and Solana (SOL), could witness a continuous increase in prices.

Meanwhile, Kiyosaki’s favorite asset in the crypto market was at press time changing hands at the price of $69,255, up 0.03% in the last 24 hours, advancing 0.76% across the previous seven days, as well as adding up to the accumulated gain of 14.16% on its monthly chart, as per data on June 10.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts