Robert Kiyosaki, author of “Rich Dad, Poor Dad,” predicts that the dramatic changes in the U.S. economy will cause the prices of Bitcoin (BTC) and silver to soar, causing gold to plummet below $1,200. Kiyosaki also calls for greater adoption of BTC.
Kiyosaki took to social media platform X to question the sustainability of the U.S. economy and U.S. debt. He predicts that gold could fall below $1,200 as silver and Bitcoin are expected to post strong gains. This attitude is consistent with Kiyosaki's previous warning of the “biggest crash in history” in his book, Rich Dad's Prophecies.
Mr. Kiyosaki cited the delay in recognizing hard assets by financial planners and emphasized the impact of money and fees.
He points out that gold has outperformed the S&P 500 index for decades and predicts a 70% collapse in the S&P. Despite the current price of gold at $2,013.43 an ounce and silver at $23.41 an ounce, Kiyosaki remains firm in his preference for tangible assets over traditional financial instruments.
In recent weeks, Kiyosaki has doubled down on his support for Bitcoin as a stronghold against the systematic erosion of wealth orchestrated by institutions such as the Federal Reserve, the Treasury Department and Wall Street. He praised Bitcoin's decentralized and inflation-resistant properties and contrasted it with the harmful practices of traditional financial players.
Kiyosaki believes Bitcoin is an antidote.
Kiyosaki has long been a strong supporter of Bitcoin and has often made his bullish stance on Orangecoin clear.
Last January, Kiyosaki publicly accused Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers of contributing to the decline of wealth through inflation, taxation, and stock price manipulation. criticized. He argues that Bitcoin emerges as a powerful antidote to these practices.
The cryptocurrency market has been on the rise recently, with a market capitalization of over $2 trillion.
At the time of writing, Bitcoin (BTC) price is hovering around $51,606, an increase of 6.7% over the past seven days, and a market cap of over $1 billion.
Bitcoin is facing resistance at $52,000 after trending upward for four consecutive weeks.
MicroStrategy, Bitcoin Bull
Business intelligence firm MicroStrategy likely shares Kiyosaki's opinion. The company currently holds 190,000 BTC at an average price of $31,224 per BTC, amounting to $5.93 billion.
Recently, MicroStrategy's profits increased to more than $4 billion as Bitcoin prices rose 20% since the start of 2024.
This financial success has sparked discussion about inclusion in the S&P 500 index. MicroStrategy stock rose a whopping 46% in his eight days, putting the company in 535th place among U.S. publicly traded companies.
