- According to Robert Kiyosaki, the crypto market is likely to experience a severe correction and may cause the Federal Reserve to print more fiat money.
- He predicted that Bitcoin would bounce back to hit $500,000 in three years while gold and silver trade at $5000 and $500 respectively.
The author of the popular book Rich Dad Poor Dad, Robert Kiyosaki has long been a Bitcoin enthusiast with much investment advice surrounding the digital asset. In December last year, he stated that Bitcoin holders would likely get richer when the Fed changes its monetary policy and prints more money. Also, he favors precious metals like gold and silver as he believes that they are likely to return more value, unlike dollar savings. The American businessman, investor, motivational speaker, and author has once again predicted a huge surge for Bitcoin.
According to him, the market is likely to experience a severe correction and may cause the Federal Reserve to print more fiat money. Kiyosaki believes that the expected correction should be a huge opportunity to embrace bitcoin, gold, and silver. He further predicted that after the turbulence, Bitcoin will bounce back to hit $500,000 in three years while gold and silver trade at $5000 and $500 respectively. The renowned author stated that faith in the US Dollar would be undermined, leading to the price expansion of these assets. According to him, Bitcoin is the “people’s dollar” while gold and silver are “God’s money”.
Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin people’s $. Take care.
Bitcoin could be the only non-security asset standing
This prediction has brought some level of hope among the crypto community considering the accuracy of his previous forecasts. It can be recalled that Kiyosaki accurately predicted the severe 2008 economic crisis. He has been very consistent in urging people to move away from saving dollars due to the controversial policies of the Fed. Kiyosaki has predicted that a new financial collapse is in the pipeline.
In October 2022, he predicted that Bitcoin, silver, and gold will continue their pullback when the Fed keeps raising the interest rate.
Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in the US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin people’s $. Take care.
He also stated that the downward trend was the perfect opportunity for investors to keep buying, and could bring a massive gain when the US Central Bank pivots. According to him, the US government borrows too much and could end the supremacy of the US dollar. As of January 2023, the US had an external debt of $31 trillion.
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Also, Bitcoin could benefit a lot from the intention of authorities to reduce the interest rate amid rising inflation. In addition, there is a huge possibility that the US Securities and Exchange Commission could go after all other cryptos apart from Bitcoin. This could open it up for more investment as the only non-security asset.
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