Robert Kiyosaki, renowned for his book Rich Dad Poor Dad, retained his endorsement of assets such as silver, gold, and Bitcoin (BTC) amidst the escalating threat of inflation that poses a global risk to living standards.
Seizing the Bitcoin Dip Opportunity
With the increasing impact of inflation across the globe, the value of gold has recently surpassed the $2,000 milestone, showcasing a resilient rebound in the face of the devaluation of fiat currencies. Kiyosaki, an enthusiastic advocate for the Bitcoin ecosystem, has utilized his influence to suggest unconventional investment options to his sizable audience, exceeding 2.4 million on social media.
He highlighted the inefficiency of conventional money-saving methods, characterizing them as an unsuccessful approach. Instead, he strongly encourages investing in Bitcoin and precious metals, particularly during their declines.
“Positive Update: Gold attains a fresh peak. Unfortunate Update: Employees and those who save face setbacks. Unfortunate Update: This message has persisted for a quarter-century. Avoid being at a disadvantage. Depart from the counterfeit monetary system. Embrace gold, silver, and Bitcoin promptly… before it gets late.”
According to Kiyosaki, individuals attempting to save money are deemed “unsuccessful,” as he suggests exploring alternative investments like gold, silver, and BTC.
Kiyosaki attributed the increasing inflation and subsequent daily challenges to the “woke government.” He claims that the policies implemented by them have resulted in daily hardship for regular citizens. In order to protect himself from the consequences of these actions, Kiyosaki is proactively converting his fiat assets into more durable Bitcoin and precious metals.
Kiyosaki’s Financial Forecasts
Kiyosaki’s forecasts have attracted significant interest in the financial sphere. On 20th October he predicted that the value of gold would soon exceed $2,100 and extended his expectation for a surge to $3,700 in the upcoming days.
Furthermore, Kiyosaki predicted that the value of Bitcoin would reach $100,000. He linked this forecast to global tensions that created a threat to worldwide economic well-being.
Nevertheless, the author and educator didn’t conclude his predictions there. In the scenario of a stock market collapse, Kiyosaki envisioned a rapid ascent in the Bitcoin price, reaching $1 million. He also foresaw substantial growth in the worth of silver and gold, climbing to $65,000 and $75,000, respectively.
On November 27, the price of Bitcoin slightly declined by 1%, settling just above $37,000. Nevertheless, based on Kiyosaki’s recommendation to seize the opportunity presented by Bitcoin’s dip, indicates the economist’s anticipation of a future increase in BTC value over the upcoming months.
In the meantime, with traders redirecting their attention away from declining altcoins, Bitcoin dominance increased to 52% on November 27. Furthermore, as indicated by CoinShares’ most recent market report, Bitcoin experienced inflows of $154.7 million in the week ending November 19, constituting 25% of the total monthly inflow.
In contrast, Ethereum saw an influx of $3.3 million, representing just 5% of the total monthly inflow of $66 million. The data indicates a preference among investors for Bitcoin over Ethereum and other alternative cryptocurrencies. Therefore, Kiyosaki’s recommendation to invest in the dip of Bitcoin aligns with the on-chain metrics of the leading cryptocurrency.