Entrepreneur and vocal Bitcoin supporter Robert Kiyosaki, known for his classic book on personal finance management “Rich Dad Poor Dad,” took to X/Twitter to share another “financial wisdom” with his followers.
Entrepreneur and vocal Bitcoin supporter Robert Kiyosaki, known for his classic book on personal finance management “Rich Dad Poor Dad,” took to X/Twitter to share another “financial wisdom” with his followers.
This time, he made a bullish prediction about Bitcoin and another asset that he considers important for the future, silver, also criticizing the rapid growth of the US national debt.
US Bond, Bitcoin and Gold News: Bitcoin at $500,000
In his tweet, Robert Kiyosaki quoted Andy Schectman, president of Miles Franklin Ltd. Precious Metals. In a January interview, Schectman expressed his doubts as to whether anyone would agree to lend money to the US, since the government intends to print $1 trillion in treasuries per quarter, and is looking for money just to pay interest to current treasury bond holders .
Kiyosaki stated that US banks currently buy gold and not Treasury bonds. Kiyosaki surmises that if things continue to develop as they are now, the United States could find itself cornered. Still, despite his talk about banks preferring gold to US Treasuries, the financial guru expects gold to “plummet below $1,200.” He didn’t mention any particular time for that.
But the good news, according to Kiyosaki, is that he expects Bitcoin and silver to take off. His previous predictions for the price of Bitcoin include $135,000 and then up to $500,000.
Kiyosaki buys Bitcoin after ETF launch
In his previous tweets, Kiyosaki has consistently predicted that there will be a crash in the US stock and bond market. In a recent tweet, he advised Twitter readers to prepare for a 70% drop in the S&P 500 index.
He believes that gold, silver and Bitcoin are the “three whales” that can protect wealth from the devaluation that occurs through fiat money. Furthermore, he believes that gold and silver will be widely used in certain industries in the near future, so he expects their price to skyrocket, just like Bitcoin’s.
In the middle of last month, after the US Securities and Exchange Commission finally approved the launch of spot Bitcoin ETFs, Robert Kiyosaki tweeted that he had purchased more Bitcoin, namely 5 BTC.
