Rich Dad Poor Dad writer and entrepreneur Robert Kiyosaki has reiterated the advantages of gold, silver, and Bitcoin as a safeguard towards governmental financial upheavals. During a current look on The Daniela Cambone Show, Kiyosaki argued for tangible property like gold and silver as an alternative of ETFs, emphasizing their worth in unsure occasions.
Multi-millionaire, Robert Kiyosaki, says if you happen to don’t belief the US authorities then you can purchase gold, silver and #Bitcoin
Do you agree with this? pic.twitter.com/6eJNi2DodY
— The ₿itcoin Therapist (@TheBTCTherapist) August 15, 2023
Gold, Silver, and Bitcoin as Safe Havens
Kiyosaki has lengthy advocated for various investments equivalent to silver. He earlier dubbed it the most effective long-term funding, stating that he buys actual gold and silver cash as an alternative of exchange-traded funds (ETFs). He additionally concurred with Andy Schectman, CEO of Miles Franklin Precious Metals, who referred to as silver “the most undervalued asset of a generation.”
Kiyosaki is equally bullish on gold and Bitcoin, recommending these property as superb choices for navigating unstable durations. Kiyosaki predicts that gold and silver costs will skyrocket if the inventory and bond markets crash. He predicts Bitcoin worth to $100k amid rising international financial tensions.
BITCOIN to $100k. Saying for years gold&silver GOD’S cash. BITCOIN peoples $. Bad information IF inventory & bond market crash gold&silver skyrocket. WORSE NEWS IF world financial system crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too excessive. Mom, Pop & youngsters in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Kiyosaki expressed his shared skepticism of the federal authorities, the Treasury, the Fed, and Wall Street in his interview with Cambone. He pressured that he doesn’t belief these entities, advising that if others share his mistrust, they need to chorus from saving {dollars} and keep away from bonds.
Bitcoin’s Current Standing
Bitcoin is altering arms at $29,155, a 0.68% decline previously 24 hours, per CoinMarketCap information. The BTC/USD cryptocurrency pair boasts a reside market cap of $567,394,715,025. Bitcoin’s buying and selling quantity is $12,160,748,899, with 19,458,406 of the utmost provide of 21 million BTC cash in circulation. On the technical entrance, Bitcoin has its assist held at $29,088.85 whereas it struggles to breach the resistance, at the moment on the $29,440.58 mark.
BTC/USD market cap chart, Source: CoinMarketCap
Kiyosaki just lately issued a warning through Twitter, predicting Bitcoin’s rise to $100k and reiterating his long-held perception in gold and silver as “God’s money.” He cautioned towards the potential aftermath of inventory and bond market crashes, predicting that gold and silver would soar to unprecedented highs. He emphasised that savers of “fake US dollars” can be hit the toughest and expressed his concern for the excessive ranges of debt affecting households.
The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
