Robert Kiyosaki predicts another market crash, betting on gold at ,000 and Bitcoin at 0,000

Robert Kiyosaki predicts another market crash, betting on gold at $27,000 and Bitcoin at $250,000

Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has again warned of an impending market crash, but says he is not selling. In a message on X (formerly Twitter) at SundayKiyosaki wrote: “CRASH COMING: Why I am buying not selling,” as he set bold targets of $27,000 for gold and $250,000 for Bitcoin by 2026, while accusing the US Treasury Department and the Federal Reserve of “printing fake money.”Kiyosaki said his faith in gold and Bitcoin is rooted in what he calls the “laws of money.” “My target price for gold is $27,000. I got this price from friend Jim Rickards… and I own two gold mines,” he wrote, adding that he started buying gold in 1971 – the year President Richard Nixon took the US dollar off the gold standard.

“Nixon violated Gresham’s Law, which states: ‘When fake money enters the system… real money goes into hiding,’” Kiyosaki said. “That’s why I keep buying gold, silver, Bitcoin and Ethereum even when they crash.”
He also made ambitious predictions for other assets: “Silver $100 by 2026. I own silver mines and I know new silver is scarce. Ethereum $60. I got this from Tom Lee.”

“I follow the laws of money”

The 78-year-old investor said he bases his investment strategy on “Gresham and Metcalf’s laws.” Referring to Metcalfe’s law, which explains the exponential value of networks, Kiyosaki said Ethereum’s role as a “block chain for stable coins” makes it a long-term winner.

link to message: https://x.com/theRealKiyosaki/status/1987387131174535335?t=HV2heZ_zgttymy8P1EbjpA&s=03

Destroying the Fed and the Treasury Department

Kiyosaki reserved his sharpest criticism for American policymakers. “Unfortunately, the US Treasury Department and the Fed are breaking the laws. They are printing fake money to pay their bills. If you and I did what the Fed and the Treasury Department are doing… we would be in jail for breaking the laws,” he wrote.

“Today the United States is the most indebted country in history and that is why I have warned: ‘Savers are losers,’” he added.

His latest comments extend a long-running theme of distrusting fiat money and betting on scarce assets. For Kiyosaki, every crash is not a reason to panic, but a buying opportunity.
Also read | Fab 7 is not a bubble: Anurag Singh of Ansid Capital says big tech still has legs, but India needs a year of cool-down

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)

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