Sign Up on MEXC
Rich Dad Poor Dad author and entrepreneur Robert Kiyosaki has reiterated the benefits of gold, silver, and Bitcoin as a safeguard against governmental economic upheavals. During a recent appearance on The Daniela Cambone Show, Kiyosaki argued for tangible assets like gold and silver instead of ETFs, emphasizing their value in uncertain times.
Multi-millionaire, Robert Kiyosaki, says if you don’t trust the US government then you should buy gold, silver and #Bitcoin
Do you agree with this? pic.twitter.com/6eJNi2DodY
— The ₿itcoin Therapist (@TheBTCTherapist) August 15, 2023
Gold, Silver, and Bitcoin as Safe Havens
Kiyosaki has long advocated for alternative investments such as silver. He earlier dubbed it the best long-term investment, stating that he buys real gold and silver coins instead of exchange-traded funds (ETFs). He also concurred with Andy Schectman, CEO of Miles Franklin Precious Metals, who called silver “the most undervalued asset of a generation.”
Kiyosaki is equally bullish on gold and Bitcoin, recommending these assets as ideal options for navigating volatile periods. Kiyosaki predicts that gold and silver prices will skyrocket if the stock and bond markets crash. He predicts Bitcoin price to $100k amid rising global economic tensions.
BITCOIN to $100k. Saying for years gold&silver GOD’S money. BITCOIN peoples $. Bad news IF stock & bond market crash gold&silver skyrocket. WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high. Mom, Pop & kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Kiyosaki expressed his shared skepticism of the federal government, the Treasury, the Fed, and Wall Street in his interview with Cambone. He stressed that he does not trust these entities, advising that if others share his distrust, they should refrain from saving dollars and avoid bonds.
Bitcoin’s Current Standing
Bitcoin is changing hands at $29,155, a 0.68% decline in the past 24 hours, per CoinMarketCap data. The BTC/USD cryptocurrency pair boasts a live market cap of $567,394,715,025. Bitcoin’s trading volume is $12,160,748,899, with 19,458,406 of the maximum supply of 21 million BTC coins in circulation. On the technical front, Bitcoin has its support held at $29,088.85 while it struggles to breach the resistance, currently at the $29,440.58 mark.
BTC/USD market cap chart, Source: CoinMarketCap
Kiyosaki recently issued a warning via Twitter, predicting Bitcoin’s rise to $100k and reiterating his long-held belief in gold and silver as “God’s money.” He cautioned against the potential aftermath of stock and bond market crashes, predicting that gold and silver would soar to unprecedented highs. He emphasized that savers of “fake US dollars” would be hit the hardest and expressed his concern for the high levels of debt affecting families.
- Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC
- Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
- Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
- Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
- World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
