The global economy is in an uncertain state following the announcement of tariffs by President Donald Trump, with market players offering insights on how to thrive in such an environment.
Specifically, on January 31, Trump announced the move to implement 25% tariffs on goods from Canada and Mexico, with experts warning that the decision, set to take effect on February 1, will likely have far-reaching consequences, such as a surge in inflation.
One of the main concerns is the additional costs consumers will face, with experts cautioning that the policy and any retaliation could disrupt economic activity globally.
Picks for you
Kiyosaki’s take on Trump’s tariffs
Now, author and investor Robert Kiyosaki has shared his insights on capitalizing on this uncertainty to build wealth.
In an X post on February 1, the ‘Rich Dad Poor Dad’ author predicted that the tariffs could lead to a crash in gold, silver, and Bitcoin (BTC) prices, viewing this not as a downturn but as a golden opportunity for investors.
Notably, one of the tariff targets aims to protect domestic industries, so there is a chance of market volatility. According to Kiyosaki, this volatility presents a unique opportunity for investors.
“TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer,” he said.
In the short term, contrary to Kiyosaki’s projection, gold is trading at new all-time highs, targeting the $3,000 level as investors flock to safe-haven assets amid the ensuing volatility.
At the same time, Bitcoin has shown some weakness, with the asset consolidating above the $100,000 mark, although the long-term outlook remains bullish.
Kiyosaki’s bullish stand on alternative assets
It is worth noting that Kiyosaki has long advocated understanding and preparing for economic downturns while recommending investments in alternative assets such as Bitcoin, gold, and silver.
To that end, the financial educator has maintained a bullish outlook for these assets, predicting that Bitcoin has the potential to rally towards $500,000 in the coming months.
He believes Bitcoin will likely push the U.S. dollar out, which he has consistently called “fake money,” while projecting its eventual collapse.
Featured image via Cavaleria Com YouTube
