Kiyosaki's strategy for countering these economic threats involves accumulating âreal moneyâ such as gold, silver, and Bitcoin (BTC). These assets, according to him, are beyond the control of the current political establishment.
Author: Chirag Sharma
Written On: Mon, 10 Jun 2024 12:39:22 GMT
In his recent predictions, Kiyosaki has forecasted that Bitcoin could reach $350,000 by the end of August 2024. He has also suggested that other cryptocurrencies, such as Ethereum (ETH) and Solana (SOL), may experience significant price increases. As of June 10, Bitcoin, Kiyosakiâs preferred asset, was trading at $69,255, showing modest gains over various periods.
Amid repeated warnings of an impending economic crisis, renowned investor and finance author Robert Kiyosaki has raised alarms about what he refers to as âfake moneyâ controlled by âMarxistsâ within the American government. This concern is coupled with his prediction of prolonged inflation affecting the United States.
Kiyosaki has publicly criticized current U.S. President Joe Biden, blaming him for exacerbating inflation. According to Kiyosaki, Bidenâs decision to cut the Keystone XL pipeline triggered a surge in oil prices from $30 to $130 within a week, significantly straining the poor and middle class. These assertions were shared on his X post dated June 9.
It was noted by Kiyosaki that inflation is expected to persist for years, regardless of the outcome of the upcoming presidential elections. He believes the âliberal academic âswampââ responsible for Bidenâs rise to power will remain influential. This perspective suggests that systemic issues within the ruling establishment, described by Kiyosaki as âMarxistsâ who control âfake moneyâ (the US dollar), are to blame.
Kiyosakiâs strategy for countering these economic threats involves accumulating âreal moneyâ such as gold, silver, and Bitcoin (BTC). These assets, according to him, are beyond the control of the current political establishment. His advocacy for precious metals and cryptocurrency has been longstanding, emphasizing their role as protection against governmental incompetence.
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