Bitcoin, Gold, and Silver Set to Surge as ‘Rich Dad Poor Dad’ Author Predicts Capital Shift to Tangible Assets
Renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” predicts a significant surge in the values of Bitcoin (BTC), gold, and silver. In a recent post on the social media platform X, Kiyosaki suggested that if the Federal Reserve decides to decrease interest rates at the upcoming Federal Open Market Committee (FOMC) meeting, these assets will experience a rapid increase, while fiat currency will depreciate as investors shift towards tangible assets.
Kiyosaki expressed his views on the potential market movements, stating, “Bitcoin, gold, silver prices [are] about to EXPLODE… When [the] Fed pivots, cutting interest rates, real assets [will] go up in price as fake money leaves fake assets such as US bonds… Fleeing to real assets such as real estate, gold, silver, and Bitcoin… It really matters little which is better, gold or Bitcoin. That would [be] like people discussing which car is better: Ferrari or Lamborghini?”
The Federal Reserve is anticipated to make a cut of at least 25 basis points during the upcoming FOMC meeting scheduled for September 18th. Earlier this year, Kiyosaki had already suggested that assets serving as stores of value would witness substantial growth as more investors lose confidence in the US dollar.
“They know this long cycle bull market is coming because they know faith and confidence in FAKE money is dissolving. They know history will repeat. They know what [happened] to Germany’s Reichsmark and the Zimbabwe dollar. They know more and more people are finally waking up. They know… after the crash….the long cycle bull market for gold, silver, and Bitcoin will begin. They know, after the crash…. gold, silver, Bitcoin will once again begin climbing to hit all-time highs.”
As of the latest update, Bitcoin is trading at $58,495, reflecting a 2.72% decrease over the past 24 hours. Kiyosaki’s insights shed light on the potential movements in the cryptocurrency and precious metals markets, emphasizing the importance of monitoring the Federal Reserve’s decisions and their impact on various asset classes.
