Robert Kiyosaki, writer of the famend private finance ebook “Wealthy Dad, Poor Dad,” predicts $100,000 Bitcoin by September and views the present financial panorama.
Kiyosaki, recognized for his insights on wealth-building and funding, introduced his plans to buy 10 extra Bitcoin earlier than April, emphasizing the upcoming Bitcoin halving as a major occasion for potential traders.
He means that those that can not afford an entire Bitcoin may think about shopping for a fraction of 1 by way of the Bitcoin ETFs or Satoshis, hinting at the potential of proudly owning a whole Bitcoin by 12 months’s finish if the method unfolds as anticipated.
The famous writer contrasts his prediction with a suggestion for these much less inclined in the direction of Bitcoin to spend money on silver, particularly U.S. silver eagles. Citing his pal Andy Schectman, Kiyosaki notes the dwindling provide of silver and highlights the difficulties in buying junk silver, referring to pre-1964 U.S. silver cash.
The backdrop to Kiyosaki’s funding recommendation is a grim portrayal of the worldwide financial situation. He cites a number of elements contributing to monetary instability, together with america being the largest debtor nation, China’s faltering property market, Japan’s extended financial hunch, Germany’s descent into melancholy, customers’ reliance on bank cards, troubled banks, and looming world battle.
Kiyosaki echoes the sentiment of Bitcoin advocate Michael Saylor, emphasizing the pitfalls of saving in fiat foreign money, which Saylor derogatorily refers to as pretend cash.
Echoing the urgency of avoiding monetary impoverishment, Kiyosaki, alongside Saylor and Schectman, encourages the acquisition of gold, silver, and Bitcoin. He notes silver’s affordability, making it accessible to a broader viewers. Present costs for Bitcoin (BTC) are $70,000, gold is roughly $2,500, and silver is about $35 per coin.