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Kiyosaki Forecasts Bitcoin, Gold, and Silver to Surge Amid Inflation Concerns

Published Oct 23, 2023 02:34AM ET
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In recent statements, Robert Kiyosaki, co-author of the book "Rich Dad Poor Dad," offered a bullish forecast for Bitcoin, gold, and silver, while cautioning against the potential risks of holding fiat currencies. His comments came as Bitcoin showed signs of resurgence, moving above the $30,000 mark.

Kiyosaki shared his views on social media platform X on Sunday. He predicted that Bitcoin's value would soar to $135,000 per coin. Alongside this optimistic outlook for cryptocurrency, he also expects traditional safe-haven assets to rise significantly. Gold is projected to increase from its current position over $2,100 to $3,700 and silver from $23 to $68 per ounce.

The author differentiated these assets from what he referred to as "illusory money," such as the USD and other fiat currencies. He characterized gold and silver as "divine money" and Bitcoin as "the currency of the people." He warned that inflation could exacerbate financial disparity by encouraging the poor and middle class to save in depreciating dollars while the wealthy accumulate assets like gold, silver, and Bitcoin.

Kiyosaki anticipates that the introduction of a central bank digital currency (CBDC) by the Federal Reserve will further boost Bitcoin's value. He advised investors to acquire Bitcoin quickly in anticipation of increased demand amid potential downturns in traditional markets such as stocks, bonds, and real estate.

However, Kiyosaki also emphasized the importance of financial prudence and vigilance in investment decisions. He urged caution against holding "fake dollars" and underscored potential risks tied to imprudent financial behavior.

These recent projections are not Kiyosaki's first. In the past, he predicted that Bitcoin would hit $1 million, gold would surge to $75,000, and silver would reach $60,000 in a global economic crisis. By 2025, he projected Bitcoin's price at $500,000 with gold and silver following at $5,000 and $500 respectively.

While these predictions serve as a beacon of optimism for crypto and precious metal investors, they also serve as a reminder of the potential dangers of imprudent financial behavior.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Kiyosaki Forecasts Bitcoin, Gold, and Silver to Surge Amid Inflation Concerns
 

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Jexy Abraham
Jexy Abraham Nov 10, 2023 11:07AM ET
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where u get chance to message u ll put something
 
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