Not long after warning that the “everything” crash was looming, famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has made another troubling prognosis regarding inflation and the recent revelations by Federal Reserve Chairman Jerome Powell.
As it happens, Kiyosaki said that Powell had “finally told the truth” last week and “admitted inflation is winning,” adding that the agency could “no longer promise inflation at 2% or that inflation is ‘transitory,’” according to the finance educator’s X post shared on April 3.
Indeed, the Fed Chair admitted earlier that recent inflation figures were higher than expected, stating that his organization did “not expect that it will be appropriate to lower our policy rate until we have higher confidence that inflation is moving sustainably down toward 2%,” as Bloomberg reported.
Picks for you
Robert Kiyosaki: ‘We’re F’d’
With this in mind, the ‘Rich Dad Poor Dad’ author pointed out that “most people have no idea what the Fed Chairman admitted means to them or their families or to the world,” and that in simple language, it meant “we’re F’d.” Furthermore, he highlighted that:
“As I warned in RDPR over 27 years ago ‘Savers are losers.’ The dollar has lost 95% of its purchasing power since 1913 the year the Fed and IRS were formed.”
Finally, Robert Kiyosaki urged his followers to “wake up and take control of your money and your information,” as trusting the political leaders would lead to financial trouble. As one of the ways to do this, he reiterated saving “real gold, silver, and Bitcoin (BTC),” the world’s number one cryptocurrency.
BTC price prediction
As a reminder, the popular investor recently echoed the words of fellow writer and economist Harry Dent, who earlier this year issued a disturbing warning that the “everything bubble” could burst in 2024, including Bitcoin, although Kiyosaki sees it as an opportunity to accumulate more BTC.
For now, the flagship decentralized finance (DeFi) product is changing hands at $66,370, up 0.27% on the day, declining 5.87% across the past week, and accumulating a gain of 0.17% in the last month, according to the most recent charts retrieved on April 4.
Meanwhile, several crypto trading experts disagree with Dent’s BTC price prediction, suggesting instead that it could reach between $100,000 this year and an optimistic $1,000,000 in 2025, based on multiple analyzed factors. That said, doing one’s own research is critical when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
