TL;DR
- Robert Kiyosaki, author of “Rich Dad Poor Dad,” made optimistic predictions about Bitcoin and silver amid criticisms of U.S. debt.
- Kiyosaki cites Andy Schectman, who questions the U.S.’s ability to finance its debt, reinforcing his negative view on Treasury bonds.
- He maintains that gold will crash and anticipates a rise in BTC price to $500,000.
Renowned investor and author of the successful book “Rich Dad Poor Dad,” Robert Kiyosaki, has once again garnered attention in the financial world with his latest predictions. On this occasion, Kiyosaki expressed optimism about the future of Bitcoin (BTC) and silver while criticizing the exponential growth of the United States’ national debt.
In his messages, Kiyosaki quoted Andy Schectman, president of Miles Franklin Ltd. Precious Metals, who expressed skepticism about lenders’ willingness to finance U.S. debt. Schectman highlighted that the government plans to issue $1 trillion in Treasury bonds every quarter, which could raise doubts about the U.S.’s ability to pay interest on its existing debt.
Andy Schectman asks a very important question. “Who is going to buy US Bonds?” Banks are buying gold not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to crash possibly below $1200. Silver will…
— Robert Kiyosaki (@theRealKiyosaki) February 14, 2024
Kiyosaki’s comment on U.S. banks’ preference for buying gold instead of Treasury bonds underscores a potential lack of confidence in the country’s economic stability. Although he did not provide a specific timeline, the entrepreneur suggested that the price of gold could drop below $1,200 in the near future.
However, despite his negative forecast for gold, Kiyosaki expressed considerable optimism about Bitcoin and silver. In particular, he expects the price of BTC to reach $500,000 in the future, supporting his previous predictions of a substantial increase in the value of the leading cryptocurrency. Additionally, he anticipates a rise in the price of silver, driven by its use in various industries.
Kiyosaki Sees Bitcoin as a Shelter Against Government Money Printing and Inflation
Kiyosaki has been a constant advocate for Bitcoin and other cryptocurrencies as a way to protect wealth against the devaluation of fiat currencies. He argues that fiat money is at risk due to governments’ massive money printing, leading to uncontrolled inflation and a loss of purchasing power for citizens.
In line with his beliefs, Kiyosaki announced that he bought more BTC after the U.S. Securities and Exchange Commission (SEC) finally approved the launch of spot-based Bitcoin ETFs. This regulatory measure may have increased confidence in BTC as a legitimate investment backed by established financial institutions.
Robert Kiyosaki’s views on Bitcoin, gold, and silver reflect his optimistic perspective on the potential of cryptocurrencies and precious metals as safe havens in an uncertain economic environment. His influence in the financial world remains significant, and his forecasts continue to generate debate and reflection among investors.
