Quick Summary:
Robert Kiyosaki says the Bitcoin will touch 250,000 by the end of this year.
Prompts: buy more. Put up no sale.”
Issues warning of a crashing central bank system and world wide economic recession.
Markets Bitcoin, gold and silver as safe-havens.
States that U.S. economy is going down to a recession or depression.
Christmas trusts Bitcoin because it has a limited number of 21 million coins.
The Crash Has Landed: Kiyosaki has given a stern call to action on finances.
Robert Kiyosaki, the author of the global best-seller Rich Dad Poor Dad, is back in the headlines. Its author is predicting that the digital currency, Bitcoin will be reaching the level of 250,000 by the year 2025. The self-proclaimed no-holds-barred expert on money, the economy and investing, Kiyosaki has once more beaten the alarm over what he termed as the collapse of the Marxist central bank system.
“The Marxist central bank is falling down… Those that became bankrupt. HODL on,” he wrote on X (previously Twitter), on May 17.
Why Gold, Silver and Bitcoin?
Kiyosaki has become known as an opponent of fiat currency and central banking. He is encouraging investors to save their funds by investing in hard items such as Bitcoins, gold, and silver because, he says, these assets will appreciate as people lose confidence on the current financially system.
“I am purchasing more bitcoin. I forecast that this year bitcoin will skyrocket to 250K. Buy more,” Kiyosaki posted, “do not sell.”
The Greatest Advantage of Bitcoin is Scarcity
Among the factors that make him perpetually believe in Bitcoin is the fact that it has a limited number.
“One of the reasons why I have a lot of confidence in bitcoin is that there will only be ever 21 million,” he said earlier this month.
Bitcoin is designed to run out as compared to fiat currencies, which can be printed at will, and that will make the cryptocurrency a deflationary asset — a criterion behind Kiyosaki’s bullish sentiment.
Economic Proraise or Doom?
The predictions by Kiyosaki are not very bright. He threatens of a global depression in the future with the mass layoffs, increasing panic, and even the outmigration of 10 U.S. states collapsing.
Nevertheless, in the midst of the mess, he provides what can be described as a decisive call to action:
“Buy bitcoin.”
Final Thoughts
As an investor with or without experience, no matter where you stand, Kiyosaki caution can act effectively by reminding you to stay updated and to diversify in an intelligent manner. He might be a stranger to traditional faiths, believing in Bitcoin, gold, and silver, but he is definitely finding a following among those looking towards alternatives in the world of uncertainty.