Renowned author Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad,” has made a bold prediction that Bitcoin will reach $100,000 by September and has shared his insights on the current economic climate.
Kiyosaki, a wealth-building and investment expert, has announced his intention to purchase 10 more Bitcoin before April in anticipation of the upcoming Bitcoin halving event, which he believes will be a significant moment for potential investors. He advises those who cannot afford a whole Bitcoin to consider buying fractional shares through Bitcoin ETFs or Satoshis, suggesting that it may be possible to own a whole Bitcoin by the end of the year if things go as planned.
In contrast to his Bitcoin prediction, Kiyosaki recommends that those who are less interested in Bitcoin consider investing in silver, specifically U.S. silver eagles. He points to the diminishing supply of silver and the challenges of acquiring junk silver, which refers to pre-1964 U.S. silver coins, based on information from his friend Andy Schectman.
Kiyosaki’s investment advice is set against a backdrop of a troubling global economic situation. He highlights various factors contributing to financial instability, including the United States’ status as the largest debtor nation, China’s struggling property market, Japan’s ongoing economic downturn, Germany’s economic decline, consumer reliance on credit cards, troubled banks, and the looming threat of global conflict.
Like Bitcoin advocate Michael Saylor, Kiyosaki stresses the risks of saving in fiat currency, which Saylor dismissively refers to as fake money. Urging the public to steer clear of financial hardship, Kiyosaki, Saylor, and Schectman recommend investing in gold, silver, and Bitcoin. Kiyosaki notes that silver is particularly affordable, making it accessible to a wider audience. The current prices for Bitcoin (BTC) are around $70,000, gold is approximately $2,500, and silver is about $35 per coin.
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