Robert Kiyosaki, the author of Rich Dad Poor Dad, once again warns people about the dangers of relying on fiat currency. He believes that government-issued money is losing value over time and calls it a poor way to save wealth. Instead, he encouraged people to focus on alternative assets like Bitcoin (BTC), gold and silver.
Robert Kiyosaki Predicts Silver’s Value Will Soar
Among all the assets he recommends, Kiyosaki is particularly optimistic about silver in the short term. He believes the precious metal is undervalued and expects its price to rise in the coming years.
Last April, amidst market turmoil, staunch Bitcoin critic Peter Schiff argued that Silver is now Gold 2.0. He urged people to shift focus from Bitcoin to the precious metal. Currently, Silver is trading at around $35 an ounce, but Kiyosaki predicts it could reach $70 before the end of the year.
Kiyosaki believes it may even climb to $200 an ounce in the next year or two. He also pointed out that silver is still affordable for most people. The author warned, however, that this may not be the case for long, encouraging people to take advantage of the current price before it becomes too expensive.
Bitcoin and the Fear of Making Mistakes
Kiyosaki, a big supporter of Bitcoin, sees the leading cryptocurrency as one of the greatest opportunities to build wealth and hedge against inflation. However, he asserted that many people miss out due to fear.
In a recent post shared on X, Kiyosaki explained that some investors fear missing out (FOMO). However, he highlighted an even bigger problem: the fear of making mistakes (FOMM). He noted that fear stops many people from taking action, even when they see Bitcoin’s value rising.
Kiyosaki expects Bitcoin to reach $200,000 this year, but he predicts that those who hesitate will later say it has become too expensive. Meanwhile, those who invest early will build generational wealth.
Kiyosaki Urges People To Learn from the Right Financial Experts
Robert Kiyosaki urges people to educate themselves about Bitcoin and other investments. He advises his followers to listen to both Bitcoin supporters and critics to make informed decisions. He recommends following industry experts like Michael Saylor, Jeff Booth, and Samson Mow.
He argued that the most valuable financial education no longer comes from schools or traditional institutions. He encourages people to seek knowledge from free sources like YouTube, where they can learn from experienced experts who share their insights.
Kiyosaki’s message is clear: traditional money is losing value due to inflation, and people must take control of their financial future.
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