A renowned investor and financial expert, Robert Kiyosaki is back in the spotlight with a significant warning to the crypto and financial market. In a recent X post, Rich Dad, Poor spoke candidly about his mistrust of the U.S. government, the Federal Reserve, and the soaring national debt.
With his decades of financial experience, he predicted a devastating economic collapse. He urged individuals to protect their wealth by shifting focus to alternative assets like Bitcoin (BTC), gold, and silver.
A History of Distrust: From Nixon to Bitcoin
Kiyosaki’s distrust of U.S. financial policy began in 1965. This was after he noticed that U.S. coins were no longer made of silver but a mix of copper and other metals. His concerns deepened in 1971 when President Nixon removed the U.S. dollar from the gold standard.
This means the currency was no longer backed by real gold. This made Kiyosaki realize the financial system was becoming unstable. This led him to focus on tangible assets like gold and silver, which retain value regardless of economic changes.
In a recent report, Kiyosaki said he currently holds 73 BTC and plans to increase it to 100 BTC within the next year. Today, Kiyosaki believes that Bitcoin and gold and silver are the best way to protect wealth.
The Coming Crash: A Global Financial Meltdown
Kiyosaki believes the global financial system is near collapse and warned that the upcoming crash could be the largest in history. He predicted that traditional assets tied to fiat currencies, like stocks and bonds, could lose value during the crisis.
To protect wealth, he advised investing in assets with real value, like Bitcoin. Earlier this year, he encouraged followers to buy Bitcoin in small amounts called Satoshis. This was when the asset’s price was over $106,000, which later reached above $108,000.
This week, Bitcoin dropped to $92,640 after news of reduced support from the Federal Reserve. However, it has since recovered by nearly 4% in the last 24 hours, reaching $96,812 as per CoinMarketCap data. Despite the sharp decline in Bitcoin’s price, Kiyosaki remains confident in the asset’s long-term potential.
Bitcoin: The Future of Wealth
Kiyosaki has always supported Bitcoin, especially as the adoption of digital assets is widespread. He believes that Bitcoin’s value could rise to $350,000 in the coming years. This is largely due to Donald Trump’s expected leadership.
Trump’s administration promises to focus on supporting crypto and plans to establish a Strategic Bitcoin Reserve. In late November, Bitcoin advocate and MicroStrategy Chairman Michael Saylor predicted that Bitcoin could reach $13 million in the coming years.
