Renowned author and financial educator, Robert Kiyosaki, co-author of the well-known book “Rich Dad Poor Dad,” has recently shared an optimistic outlook for Bitcoin, gold, and silver. His remarks come at a time when inflation concerns are looming, with Bitcoin notably experiencing a resurgence as it surpassed the $30,000 mark.
Kiyosaki took to social media platform X on a recent Sunday to express his predictions. According to him, Bitcoin is poised to make a substantial leap to $135,000 per coin. Alongside this, he anticipates that traditional safe-haven assets will also witness significant gains. His projections suggest gold will surge from its current position of over $2,100 to a substantial $3,700, while silver is expected to climb from $23 to $68 per ounce.
The author makes a clear distinction between these assets and what he refers to as “illusory money,” including the US dollar and other fiat currencies. He characterizes gold and silver as “divine money” and dubs Bitcoin as “the currency of the people.” Kiyosaki cautions that inflation may intensify financial inequality by pushing the poor and middle class towards saving in depreciating currencies, while the wealthy opt to accumulate assets like gold, silver, and Bitcoin.
Furthermore, Kiyosaki believes that the potential introduction of a central bank digital currency (CBDC) by the Federal Reserve will further bolster Bitcoin’s value. In light of this, he advises investors to acquire Bitcoin swiftly in anticipation of heightened demand, particularly during potential downturns in traditional markets such as stocks, bonds, and real estate.
However, it is worth noting that Kiyosaki also underscores the importance of financial prudence and careful investment decisions. He urges caution against holding what he calls “fake dollars” and highlights potential risks associated with reckless financial behavior.
Kiyosaki’s recent forecasts are not his first foray into making bold predictions. In the past, he had foreseen Bitcoin reaching $1 million, gold surging to $75,000, and silver hitting $60,000 in the event of a global economic crisis. Looking ahead to 2025, he envisions Bitcoin’s price reaching $500,000, with gold and silver following at $5,000 and $500, respectively.
While Kiyosaki’s projections offer a glimmer of hope for cryptocurrency and precious metal investors, they also serve as a reminder of the perils of imprudent financial decision-making.
