Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has sparked a fresh conversation about the future of financial markets, predicting a massive market crash and emphasizing his belief in gold, silver, and Bitcoin as the assets to hold in such times.
In a recent post on X (Twitter), posted on January 4th Kiyosaki made his bold stance clear, claiming that the actions of the U.S. Federal Reserve, Treasury, banks, and Wall Street are only exacerbating economic problems by continuing to print money.
Kiyosaki’s Economic Forecast
“GIANT MARKET CRASH here,” Kiyosaki wrote. “How can I be so bullish on gold, silver, and Bitcoin? Because the idiots running the Fed, Treasury, Banks, and Wall Street only know how to print money, which makes things worse.”
His message pointed out that the increasing money supply, fueled by government intervention, leads to inflation, which he argues harms those who save money.
Also Read: Rich Dad Poor Dad’s Robert Kiyosaki Reveals Owning 73 Bitcoin, Targets 100 BTC
According to Kiyosaki, the wealthy, who own real assets like gold and Bitcoin, benefit from inflation, while the middle class and the poor, who save fiat currencies, see their purchasing power erode.
Also Read: Robert Kiyosaki Says People Who Saved Gold, Silver & Bitcoin Will Get Richer, As Bitcoin Aims $100K
Kiyosaki’s advice is straightforward: “Save gold, silver, and Bitcoin,” as these assets are immune to the devaluation that comes with printed money. He suggests that inflation, rather than being a negative force, can work to an individual’s advantage if they hold real assets like these.
Bitcoin as a Hedge Against Inflation
This isn’t the first time Kiyosaki has expressed bullish views on Bitcoin. Kiyosaki began advocating for Bitcoin as a hedge against inflation back in 2020 when the pandemic led governments worldwide to print trillions of dollars.
At that time, he cited the U.S. government’s actions as an opportunity for Bitcoin to thrive in the future, foreseeing significant growth for the cryptocurrency. Kiyosaki’s optimism about Bitcoin has continued, with the author now forecasting that BTC could surge to as high as $350,000 by 2025.
His predictions have caught the attention of many in the investment community, particularly as the global financial system faces increasing challenges. Kiyosaki has consistently encouraged investors to buy Bitcoin directly, rather than relying on ETFs, which he believes dilutes the benefits of owning the asset itself.
Responding to Critics of Bitcoin
Kiyosaki’s recent comments come just a day after he responded to legendary investors Warren Buffett and Charlie Munger, who have been long-time critics of Bitcoin. Buffett and Munger, who have dismissed Bitcoin as “rat droppings,” have been vocal about their scepticism of the cryptocurrency.
However, Kiyosaki has remained resolute in his bullish stance, pointing to Bitcoin’s ability to act as a store of value in a world where central banks continue to print money.
Kiyosaki’s advocacy for Bitcoin is part of a broader strategy to help individuals protect their wealth from what he sees as a failing financial system. He believes that Bitcoin, with its decentralized nature, offers a unique opportunity for financial freedom in an era where traditional financial institutions are increasingly vulnerable to inflationary pressures.
Further adding to his optimism, Kiyosaki has placed his bet on the newly elected U.S. president, who has promised to embrace Bitcoin and other cryptocurrencies during their tenure.
Kiyosaki’s confidence in Bitcoin as a future financial asset is clear. As central banks continue their policies of money printing and the potential for inflation looms large, he believes that holding Bitcoin, gold, and silver will provide a hedge against economic uncertainty.
Also Read: Robert Kiyosaki Says “Global Crash Has Started” Signals Bitcoin As A Safe Haven