Rich Dad Poor Dad author Robert Kiyosaki argues for tangible assets like gold and silver and Bitcoin over ETFs. By Sunil Sharma 2 hours ago Updated 2 hours ago
Rich Dad Poor Dad author and entrepreneur Robert Kiyosaki has reiterated the benefits of gold, silver, and Bitcoin as a safeguard against governmental economic upheavals. During a recent appearance on The Daniela Cambone Show, Kiyosaki argued for tangible assets like gold and silver instead of ETFs, emphasizing their value in uncertain times.
Multi-millionaire, Robert Kiyosaki, says if you don’t trust the US government then you should buy gold, silver and #Bitcoin
Do you agree with this? pic.twitter.com/6eJNi2DodY
— The ₿itcoin Therapist (@TheBTCTherapist) August 15, 2023
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Gold, Silver, and Bitcoin as Safe Havens
Kiyosaki has long advocated for alternative investments such as silver. He earlier dubbed it the best long-term investment, stating that he buys real gold and silver coins instead of exchange-traded funds (ETFs). He also concurred with Andy Schectman, CEO of Miles Franklin Precious Metals, who called silver “the most undervalued asset of a generation.”
Kiyosaki is equally bullish on gold and Bitcoin, recommending these assets as ideal options for navigating volatile periods. Kiyosaki predicts that gold and silver prices will skyrocket if the stock and bond markets crash. He predicts Bitcoin price to $100k amid rising global economic tensions.
BITCOIN to $100k. Saying for years gold&silver GOD’S money. BITCOIN peoples $. Bad news IF stock & bond market crash gold&silver skyrocket. WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high. Mom, Pop & kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Kiyosaki expressed his shared skepticism of the federal government, the Treasury, the Fed, and Wall Street in his interview with Cambone. He stressed that he does not trust these entities, advising that if others share his distrust, they should refrain from saving dollars and avoid bonds.
Bitcoin’s Current Standing
Bitcoin is changing hands at $29,155, a 0.68% decline in the past 24 hours, per CoinMarketCap data. The BTC/USD cryptocurrency pair boasts a live market cap of $567,394,715,025. Bitcoin’s trading volume is $12,160,748,899, with 19,458,406 of the maximum supply of 21 million BTC coins in circulation. On the technical front, Bitcoin has its support held at $29,088.85 while it struggles to breach the resistance, currently at the $29,440.58 mark.
BTC/USD market cap chart, Source: CoinMarketCap
Kiyosaki recently issued a warning via Twitter, predicting Bitcoin’s rise to $100k and reiterating his long-held belief in gold and silver as “God’s money.” He cautioned against the potential aftermath of stock and bond market crashes, predicting that gold and silver would soar to unprecedented highs. He emphasized that savers of “fake US dollars” would be hit the hardest and expressed his concern for the high levels of debt affecting families.
