Popular investor Robert Kiyosaki issues warnings on economic collapse, banking crisis, and potential war. Advises followers to invest in Bitcoin and silver as a strategy against looming dangers.
Amidst his repeated cautions of an impending economic downturn that could engulf the United States and beyond, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has recently raised concerns on various other fronts.
Specifically, Kiyosaki has advised his followers to exercise caution because, according to him, the banking crisis is escalating and the threat of conflict is increasing, with the possibility that US authorities may exploit the situation to advocate for a central bank digital currency (CBDC) to surveil their citizens, as stated in an X post on February 25.
Increasing holdings in Bitcoin and silver
Simultaneously, the esteemed financial educator shared his approach for mitigating the aforementioned risks, which involves accumulating more Bitcoin (BTC) and silver coins, particularly emphasizing the latter, which he referred to as the “best value,” pledging to utilize it as currency instead of the “US counterfeit dollars.”
As a reminder, Kiyosaki has consistently voiced his endorsement of the flagship decentralized finance (DeFi) sector, as well as the precious metals silver and gold, although he appears to have somewhat shifted his focus away from gold in his discourse, suggesting it could plummet “potentially below $1,200.”
Conversely, in contrast to gold, he asserts that Bitcoin and silver “are poised for growth,” previously expressing his anticipation of even greater surges for the former than what it has recently undergone, proposing it could reach a price of $100,000 by June 2024, as reported by Finbold on February 19.
Meanwhile, the original cryptocurrency was trading at $51,318 at the time of writing, registering a slight retreat of 0.72% over the past 24 hours and a 2.09% decline over the previous seven days, yet still maintaining a 23.14% increase on its monthly chart, according to data on February 26.
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