Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a dire warning about an impending economic crash. In a recent statement, he advised investors to turn to alternative assets such as gold, silver, and Bitcoin to safeguard their wealth.
Kiyosaki’s warning comes amidst growing concerns about the stability of the global economy. He compared the situation to a pilot’s bailout in a crashing plane, emphasizing the potential for investors to lose money if they are unprepared for the economic downturn.
The author’s recommendation to invest in gold, silver, and Bitcoin stems from his belief that these assets can act as parachutes for investors during turbulent times. According to Kiyosaki, the world of “fake money” is crashing, and traditional investments may not provide the safety net that investors are accustomed to.
Kiyosaki’s bullish outlook on Bitcoin is shared by Geoff Kendrick, the head of FX Research at Standard Chartered. Kendrick believes that Bitcoin could reach $100,000 by the end of this year, more than doubling its current price. He also envisions the cryptocurrency hitting $200,000 by the end of 2025.
This isn’t the first time Kiyosaki has expressed concern about the state of the economy. Just a week prior, he warned of an imminent market downturn, even as major indexes showed upward trends. The author has long advocated for including Bitcoin, gold, and silver in investment portfolios, despite admitting to having limited knowledge about Bitcoin.
In light of the potential approval of Bitcoin ETFs, Kiyosaki has adjusted his Bitcoin forecast, raising his target for the cryptocurrency from $120,000 to $150,000. This reflects his growing confidence in the leading cryptocurrency and his gratitude for having invested in it early on.
As of now, Bitcoin is trading at $47,312, showing a 2.51% increase in the last 24 hours. These price movements indicate the continued volatility and potential for significant gains in the cryptocurrency market.
It is important to note that this article was produced with the assistance of Benzinga Neuro and reviewed by Benzinga editors. The content should not be considered financial advice and readers should conduct their own research before making any investment decisions.
In conclusion, Robert Kiyosaki’s warning about an impending economic crash has raised concerns among investors. His advice to invest in gold, silver, and Bitcoin reflects his belief in their ability to serve as financial parachutes during turbulent times. With Bitcoin’s price predicted to reach $100,000 by the end of this year, there is growing interest in alternative assets as investors seek to protect their wealth.
