As a seasoned financial analyst with over five decades of observing the global economic landscape, I find Robert Kiyosaki’s perspective both intriguing and insightful. Having grown up during the era when US silver coins were alloys of copper, I can empathize with his skepticism towards government spending and monetary policies.
More recently, Robert Kiyosaki – renowned author of “Rich Dad Poor Dad”, a well-known financial management book, investor, and businessman – took to Twitter to discuss Bitcoin, federal government expenditure, and the Federal Reserve in his post.
He also made an important warning to the financial markets as to how he sees their nearest future.
Best assets to park your money in per Kiyosaki
Robert Kiyosaki expressly voiced his lack of faith in the U.S. government from the outset, pointing to what he perceived as excessive spending over recent years. He also questioned the reliability of the U.S. Treasury and the Federal Reserve. Moreover, he mentioned that his trust in the government dates back to 1965, when he became aware that U.S. silver coins were actually composed of copper alloys instead.
Additionally, Robert Kiyosaki emphasized to his audience that President Nixon discontinued the practice of linking the U.S. dollar to gold as its backing: “President Nixon detached the U.S. dollar from the gold standard.
THANK YOU gold, silver and Bitcoin HODLERS: I do not trust the US Giverment, the US Treasury, or the FED.
If you trust these Den of Thieves that is your choice. I stopped trusting my government in 1965, when I noticed our silver coins were now alloys of cooper.
In 1971…
— Robert Kiyosaki (@theRealKiyosaki) December 21, 2024
At that point, the financial specialist disclosed, he started accumulating gold, silver, and now, he’s amassing Bitcoin.
Today, he said, “the best assets for your money are real gold, silver, and Bitcoin.”
Crucial warning to financial markets
In a characteristic style, Kiyosaki issued a cautionary note to the financial sector regarding an impending financial collapse that could potentially be the largest in history. His message on Twitter read: “The global economy is on the verge of a catastrophic financial breakdown.
However, he believes that saving Bitcoin, physical gold, and silver can save one’s wealth, and it is much safer to invest in those rather than saving fiat money and investing in assets based on fiat money.
Bitcoin to $350,000 in 2025, Kiyosaki believes
This week, Robert Kiyosaki made a daring forecast, stating that he believes the leading cryptocurrency, Bitcoin, could surge to an astonishing $350,000, primarily due to the newly elected U.S. president’s pro-cryptocurrency stance and plans to establish a Strategic Bitcoin Reserve for the United States in the near future.
To date, he’s suggested that the community consider gradually purchasing fractions of Bitcoin, known as Satoshis, because each Bitcoin was valued at more than $106,000 in previous times. Later, Bitcoin surpassed $108,000. However, from Tuesday to Friday, Bitcoin dropped by 15% due to the news that the Federal Reserve might lessen its accommodating policy and make a smaller interest rate reduction next year, causing it to decline from $108,380 to $92,640. Currently, Bitcoin has rebounded by 7%, reaching $99,150.
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2024-12-21 11:14