Robert Kiyosaki’s Prophetic Forecast:
Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, predicts a major upheaval in the U.S. economy that will lead to substantial price surges for Bitcoin (
BTC
) and silver, while gold will experience a crash below $1,200. Kiyosaki is also advocating for increased adoption of BTC.
Kiyosaki recently took to the social media platform X to express concerns about the U.S. economy and the sustainability of U.S. bonds. He believes that gold will crash below $1,200, while silver and Bitcoin are set to see significant gains. This viewpoint aligns with Kiyosaki’s previous warnings about the “biggest crash in history,” which he discussed in his book ‘Rich Dad’s Prophecy.’
In his discussion, Kiyosaki highlighted the delayed recognition of hard assets by financial planners and emphasized the influence of money and commissions. He pointed out that gold has consistently outperformed the S&P 500, projecting a 70% crash in the index. Despite gold’s current price of $2,013.43 per ounce and silver’s price of $23.41, Kiyosaki remains firm in his preference for tangible assets over traditional financial instruments.
In recent weeks, Kiyosaki has been increasingly vocal about his support for Bitcoin as a safeguard against the erosion of wealth orchestrated by institutions such as the Federal Reserve, Treasury, and Wall Street. He praises Bitcoin’s decentralized nature and resistance to inflation, contrasting these qualities with the harmful practices of traditional financial players.
Kiyosaki has long been a staunch supporter of Bitcoin and has consistently expressed his bullish stance on the cryptocurrency. In January, he openly criticized Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers for contributing to the diminishment of wealth through inflation, taxation, and stock price manipulation. He believes that Bitcoin presents a formidable countermeasure against these practices.
The cryptocurrency market has recently experienced a surge, surpassing a total market cap of $2 trillion. At the time of writing, the price of Bitcoin is hovering around $51,606, representing a 6.7% increase in the last 7 days and over $1 billion in market capitalization. However, Bitcoin is currently facing resistance at $52,000 after four consecutive weeks of positive performance.
Business intelligence company MicroStrategy appears to share Kiyosaki’s sentiments. The company currently holds 190,000 BTC at an average price of $31,224 per BTC, totaling $5.93 billion. The recent 20% increase in the price of Bitcoin since the beginning of 2024 has resulted in MicroStrategy’s profits exceeding $4 billion.
This financial success has sparked discussions about MicroStrategy’s potential inclusion in the S&P 500 index. The company’s stock has experienced a significant 46% rally over eight days, propelling it to the 535th position among U.S. listed companies.
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