Kiyosaki’s Financial Predictions
Well-known financial educator, Robert Kiyosaki, recently shared his views on gold, silver, and bitcoin’s potential future values, especially if the global economy faces a downturn. He emphasized the rising national debt and warned those holding onto the U.S. dollar about potential pitfalls.
Precious Metals and Cryptocurrency Insights
Robert Kiyosaki, celebrated for “Father’s Financial Wisdom”, has sold tens of millions of copies globally. On Twitter, he shared his belief that bitcoin might soon touch the $100K mark. However, in a global economic collapse scenario, he sees bitcoin soaring to an astounding $1 million, with gold and silver reaching $75K and $60K respectively. Consistently, he has voiced that gold and silver represent traditional wealth, while people see bitcoin as a modern investment choice.
He expressed his concerns for those saving in U.S. dollars and termed it an “illusory” currency. He also highlighted the alarming U.S. national debt levels.
Kiyosaki’s Investment Inclinations
Gold, silver, and bitcoin have always attracted Kiyosaki, especially in an unpredictable economic climate. He previously alerted the public about a potential global recession and hinted at the world economy nearing a breaking point.
Earlier this year, he projected that by 2025, bitcoin’s value would reach $500,000, gold would touch $5K, and silver would be around $500. He also speculated that bitcoin might reach $100K by the end of this year and $120K the following year, aligning with certain major banking forecasts. He has also advocated for silver investments, pointing out its affordability compared to gold.
Concerns About the U.S. Economy
Kiyosaki has voiced his concerns regarding the U.S. economy’s trajectory and hinted at a potential “rough descent”. He commented on the U.S. being financially strained and the looming threat of hyperinflation. He consistently warned about an impending massive economic downturn and hinted at the U.S. dollar’s potential decline, especially with major economies like Brazil, Russia, India, China, and South Africa considering a unified currency.