Robert Kiyosaki, the renowned author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has shared his insights on potential price trends for key financial assets that he believes will outperform fiat currency.
In an X (formerly Twitter) post on October 20, Kiyosaki expressed his confidence in the prospects of gold, silver, and Bitcoin (BTC). He suggested that these assets are poised for an upward trajectory.
Kiyosaki stated that once gold surpasses the $2,000 threshold, it will likely experience significant growth, while Bitcoin appears to be on track to exceed the $100,000 mark. Amid this discussion, Kiyosaki maintained his skepticism toward the value of the US dollar, referring to it as “fake.” According to Kiyosaki:
“Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700. Bitcoin testing $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce. Savers of fake dollars F’d. Please tell your friends to “Wake up.” Take care.”
Indeed, Kiyosaki has shown a strong bullish stance on Bitcoin. A previous Finbold report indicated that Kiyosaki believes the maiden cryptocurrency will surpass the $100,000 threshold in the coming year.
Hedge against inflation
This prediction follows Kiyosaki’s earlier insights in which he advocated for alternative assets, including gold, silver, and Bitcoin, as a hedge against inflation. He underscored the detrimental effects of inflation on the less affluent while favoring the wealthier individuals.
The author maintained his conviction that these three assets represent a valuable opportunity, stressing his belief that the United States is financially precarious. He also cautioned about a potential crash in the stock market and the real estate sector.
“More important question is how many gold, silver, Bitcoins do you have TODAY? Gold, silver, Bitcoin are bargains today… but not tommow. America is broke. Buy GSBC today before stocks, bond, real estate crash & people rush for GSBC,” he said.
Remarkably, Kiyosaki’s perspective is primarily focused on the United States, where he has forecasted the decline of the US dollar as a catalyst to the end of the “American Empire.” This anticipation is driven by the growing trend of several nations turning away from the US fiat currency as the world’s primary reserve currency.
The CBDC threat
Kiyosaki’s recommendation of investing in the three assets also stems from the possible rollout of a Central Bank Digital Currency (CBDC), which he believes will eliminate privacy and have profound implications for traditional currencies.
He cautioned that when CBDCs become mainstream, assets such as gold, silver, and Bitcoin become even more valuable.
Elsewhere, Bitcoin is currently targeting the $30,000 mark, trading at $29,696 with weekly gains of over 10%.