Robert Kiyosaki, author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets such as Bitcoin (BTC), gold and silver as inflation threatens to worsen living standards around the world.
Gold prices recently topped $2,000 per ounce, marking a steady recovery amid devaluation of fiat currencies. A staunch supporter of the Bitcoin ecosystem, Kiyosaki advised his more than 2.4 million followers on X (formerly Twitter) to reduce their exposure to fiat currencies, which he calls the “fake currency system.”
Good news gold hits new highs. The bad news: Workers and savers lose. Bad news: Been saying this for 25 years. Don’t be a loser. Get rid of the fake currency system. Get into Gold, Silver, Bitcoin now… before it’s too late.
— Robert Kiyosaki (@theRealKiyosaki) November 26, 2023
In recommending other forms of investment such as gold, silver and Bitcoin, Kiyosaki said ordinary people trying to save money are “losers”:
“Don’t be a loser. Get rid of the fake currency system. Get into gold, silver, Bitcoin now… before it’s too late.”
On November 23, Kiyosaki blamed the “woke government” for rising inflation and subsequent daily struggles.
I’m shocked by the rising inflationary prices. Thank God I have a lot of money. But I feel for those who are struggling for a paycheck. I sympathize with those who cannot afford food, rent, and fuel, and who cannot invest in gold, silver, and Bitcoin as I recommend. Our “wake up”…
— Robert Kiyosaki (@theRealKiyosaki) November 23, 2023
He says he will continue to shift fiat assets towards Bitcoin and precious metals because “Leaders don’t care about you” and their actions boil down to war and poverty. On October 20, Kiyosaki predicted that gold prices would soon reach $2,100, and he expected gold prices to rebound to $3,700 in the near future.
related: Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as dollar surges
In August 2023, Kiyosaki predicted that Bitcoin would reach $100,000, given the geopolitical issues threatening global prosperity.
Bitcoin to $100,000. It has been said for many years that gold and silver are God’s money. Bitcoin People$. If the stock and bond markets crash, gold and silver will skyrocket, which is bad news. The worse news is that if the world economy collapses, BC gold is worth $1 million and silver is worth $75,000 to $60,000. Savers of fake dollars. Debt is too high. Moms, pops and kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
However, if the stock and bond markets collapse, Kiyosaki expects the price of Bitcoin to surge to $1 million, while the value of gold and silver will rise to $75,000 and $65,000 respectively.
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