Robert Kiyosaki, the famous author of “Rich Dad Poor Dad,” is advising his followers to move away from conventional monetary systems and embrace alternative assets like gold, silver, and Bitcoin.
In a recent statement, Kiyosaki urged his audience, saying, “Avoid being on the losing side of the FAKE money system. Embrace gold, silver, Bitcoin now, before it becomes too late.”
This directive comes in the wake of a notable upswing in gold prices, surpassing the $2,000 threshold. Kiyosaki, known for his optimistic predictions about Bitcoin’s future value, has been an advocate for diversifying investments into precious metals and cryptocurrencies.
Gold Surpasses $2,000 Milestone
The significant breakthrough of gold prices above $2,000 per ounce on November 21 is attributed to various factors, including a weakened U.S. dollar and the perception among investors that the Federal Reserve’s interest rate hikes have reached a plateau.
The depreciation of the U.S. dollar, along with diminished Treasury yields, has heightened the appeal of gold as an investment for those holding alternative currencies. Market experts link this surge to short covering resulting from the softer dollar and the temporary halt in rate hikes, indicating an optimistic outlook for gold.
Kiyosaki’s Bold Prediction
Robert Kiyosaki has made a daring projection about the future of Bitcoin, envisioning its price soaring to an impressive $135,000. This optimistic outlook coincides with Bitcoin’s recent recovery to the $38,000 level. The rally is fueled by expectations surrounding potential approvals of exchange-traded funds (ETFs) and the regulatory clarity anticipated after the Binance settlement.
Despite Kiyosaki’s bullish stance on gold, silver, and cryptocurrencies, some caution is advised. Critics often highlight the author’s penchant for sensational predictions and a perceived lack of nuanced understanding of intricate financial systems.