Traders and investors always look for in-depth insights. They get it from experts who have run companies, led big projects, or authored books. This time, the advice has come from the author of the best-selling personal finance book ‘Rich Dad Poor Dad.’ On October 20, Robert Kiyosaki expressed his thoughts on gold, silver, and Bitcoin via an X post.
Robert Kiyosaki’s Price Prediction
Evaluating the current state of key financial assets, Kiyosaki shared his views. The popular author asserted that Bitcoin, gold, and silver will witness an upward trend. Talking particularly about gold, he said the yellow metal will exceed the $2000 threshold. For Bitcoin, he anticipated the surpassing of the $100,000 mark.
He added that the clouds of skepticism are still looming over the US dollar. He even referred to it as “fake” in his post. Kiyosaki went on to suggest the exact number to which the instruments will hike. He stated that gold will soon cross the $2100 mark and will continue to spike till it’s $3700. Bitcoin will first hit the mark of $30,000 and then it will cross $135,000. And the silver will jump from $23 to $68 an ounce. He concluded the post by saying that the supporters of fake dollars must “wake up.” Notably, Kiyosaki has held a bullish stance on Bitcoin previously as well. According to one particular report, Kiyosaki believed that it would outrun the $100,000 threshold.
Preparing For Inflation
Earlier, Kiyosaki rooted for alternative assets and said that they could be useful against inflation. He emphasized the devastating ramifications of inflation on the middle-income gainers. Furthermore, he maintained his stance of favoring these three assets. He said that the United States’ financial condition is on tenterhooks. In addition, he warned about a possible crash in the real estate and stock markets.
He also suggested everyone buy gold, silver, and bitcoin today. Stressing that they are cheaper today, but it won’t remain the same tomorrow. Kiyosaki also said that the United States is broke and must think about themselves. Strikingly, Kiyosaki’s criticism of America is in sync with many countries’s rigorous efforts to wean off the dollar. He said that the decline was the harbinger of the end of the American hegemony.
The CBDC Angle
Kiyosaki took cognizance of the aftermath of Central Bank Digital Currency (CBCD). He believes that the centralized version of crypto will eliminate privacy. It will also have profound implications on fiat currencies, he said. The author indicated that mainstream implementation of CBDC will certainly make other instruments costlier. Things like gold, silver, and Bitcoin will be the first ones to reflect the impact. Currently, Bitcoin is trading at $29, 696 with weekly gains of 10%.
Well, it has to be seen if these predictions will pan out or not. However, being proactive in investment is something that everyone agrees on. Moreover, options like silver, gold, and bitcoin most assure profits.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/22/rich-dad-poor-dad-writer-issues-forecast-about-crypto-price/