Blog

Rich Dad Poor Dad creator and entrepreneur Robert Kiyosaki has reiterated the advantages of gold, silver, and Bitcoin as a safeguard towards governmental financial upheavals. During a current look on The Daniela Cambone Show, Kiyosaki argued for tangible property like gold and silver as a substitute of ETFs, emphasizing their worth in unsure occasions.

Multi-millionaire, Robert Kiyosaki, says should you don’t belief the US authorities then you can purchase gold, silver and #Bitcoin

Do you agree with this? pic.twitter.com/6eJNi2DodY

— The ₿itcoin Therapist (@TheBTCTherapist) August 15, 2023

Gold, Silver, and Bitcoin as Safe Havens

Kiyosaki has lengthy advocated for various investments reminiscent of silver. He earlier dubbed it the perfect long-term funding, stating that he buys actual gold and silver cash as a substitute of exchange-traded funds (ETFs). He additionally concurred with Andy Schectman, CEO of Miles Franklin Precious Metals, who known as silver “the most undervalued asset of a generation.”

Kiyosaki is equally bullish on gold and Bitcoin, recommending these property as superb choices for navigating unstable durations. Kiyosaki predicts that gold and silver costs will skyrocket if the inventory and bond markets crash. He predicts Bitcoin value to $100k amid rising world financial tensions. 

BITCOIN to $100k. Saying for years gold&silver GOD’S cash. BITCOIN peoples $. Bad information IF inventory & bond market crash gold&silver skyrocket. WORSE NEWS IF world financial system crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too excessive. Mom, Pop & youngsters in…

— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023

Kiyosaki expressed his shared skepticism of the federal authorities, the Treasury, the Fed, and Wall Street in his interview with Cambone. He pressured that he doesn’t belief these entities, advising that if others share his mistrust, they need to chorus from saving {dollars} and keep away from bonds.

Bitcoin’s Current Standing

Bitcoin is altering palms at $29,155, a 0.68% decline prior to now 24 hours, per CoinMarketCap information. The BTC/USD cryptocurrency pair boasts a dwell market cap of $567,394,715,025. Bitcoin’s buying and selling quantity is $12,160,748,899, with 19,458,406 of the utmost provide of 21 million BTC cash in circulation. On the technical entrance, Bitcoin has its assist held at $29,088.85 whereas it struggles to breach the resistance, at the moment on the $29,440.58 mark.

BTC/USD market cap chart, Source: CoinMarketCap

Kiyosaki lately issued a warning through Twitter, predicting Bitcoin’s rise to $100k and reiterating his long-held perception in gold and silver as “God’s money.” He cautioned towards the potential aftermath of inventory and bond market crashes, predicting that gold and silver would soar to unprecedented highs. He emphasised that savers of “fake US dollars” can be hit the toughest and expressed his concern for the excessive ranges of debt affecting households.

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency area for two years now. Previously he co-founded Govt. of India supported startup InThinks and is at the moment Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has revealed greater than 100 articles on cryptocurrency and blockchain and has assisted a lot of ICO’s of their success. He has co-designed blockchain improvement industrial coaching and has hosted many interviews in previous. Follow him on Twitter at @sharmasunil8114 and attain out to him at sunil (at) coingape.com

The offered content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.