In a recent call to action, famous author Robert Kiyosaki, known for his bestselling book “Rich Dad, Poor Dad,” urges his followers to abandon traditional monetary systems with alternative assets such as gold, silver and the leading crypto Bitcoin. Kiyosaki’s bold advice echoes his warning about the 2008 financial crisis and comes at a time when gold prices have surpassed the $2,000 mark.
Gold exceeded $ 2,000
The gold price reached a significant milestone on November 21, crossing the $2,000 per ounce threshold. This significant increase can be attributed to a combination of factors such as a weakening US dollar and investor expectations that the Fed’s interest rate hikes are over. Market strategists believe that the decline in the value of the dollar, combined with low Treasury yields, is making gold an increasingly attractive investment for holders of other currencies. This rise in gold prices is also attributed to short sales due to the depreciation of the dollar and the pause in interest rate increases, and points to a bullish outlook for the precious metal.
What does he think about the biggest cryptocurrency?
Robert Kiyosaki not only advocated investing in precious metals, but also made a bold prediction about the course of Bitcoin. With Bitcoin recently reclaiming the $38,000 level, Kiyosaki predicts a staggering future value of $135,000 for the leading cryptocurrency.
This bullish trend is fueled by expectations for potential exchange-traded fund (ETF) approvals and regulatory clarity that could follow the recent Binance deal. While Kiyosaki remains optimistic about cryptocurrencies, skeptics cite his penchant for dramatic predictions and lack of understanding of complex financial systems. Therefore, he warns against taking his predictions at face value.
“Don’t be one of the losers”
In his last warning, Kiyosaki said, “Don’t be one of the losers. Get out of the FAKE money system. Invest in gold, silver and Bitcoin before it’s too late.” said. As the financial landscape continues to evolve, investors are forced to weigh the risks and rewards of alternative investments, considering both the recent rise in gold prices and Kiyosaki’s bullish predictions for the future of Bitcoin.
In conclusion, Robert Kiyosaki’s impassioned call to abandon traditional monetary systems in favor of gold, silver and Bitcoin resonates against the background of the significant rise in precious metal prices. Gold prices recently exceeding $2,000 and Kiyosaki’s future prediction of $135,000 for Bitcoin is prompting investors to re-evaluate their portfolios. cryptokoin.com As we reported, Kiyosaki had previously warned about developments such as the Lehman crisis in 2008.
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