Robert Kiyosaki expects a significant increase in numbers Bitcoin‘s (CRYPTO: BTC) value, setting a target of $250,000 despite warnings of a possible “massive crash.”
In a post on
His Ethereum prediction raised eyebrows, as the digital currency hasn’t seen double-digit values in a long time. This led to speculation that Kiyosaki may have intended to say $6,000 or $60,000.
Kiyosaki, a gold investor since 1971 when Nixon removed gold backing from the dollar, sees Bitcoin as the digital equivalent of gold and Ethereum as the driving force behind the new financial network. In the post, he argues that these assets follow what he calls the laws of money, not political cycles.
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The author criticizes the U.S. Treasury Department and the Federal Reserve for violating these laws by creating “fake dollars” to finance government spending.
Despite market crashes, Kiyosaki continues to amass gold, silver, Bitcoin and Ethereum, arguing that real wealth is amassed during times of fear, not times of euphoria.
According to Kiyosaki, the looming downturn will not wipe out the market but expose those who hold money that cannot be printed.
Why it matters: Kiyosaki’s predictions come at a time when cryptocurrencies are under intense scrutiny, with fluctuating prices and regulatory concerns. His views on Bitcoin and Ethereum underscore the growing acceptance of cryptocurrencies as a legitimate investment vehicle.
However, his warnings of a “massive crash” reflect the inherent risks and volatility associated with these digital assets.
His investment strategy for accumulating wealth during periods of fear could serve as a guide for investors navigating the unpredictable cryptocurrency market.
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Robert Kiyosaki warns of the collapse of the dollar and urges investors to buy gold, Bitcoin and Ethereum
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