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FameEX Hot Topics | Robert Kiyosaki Encourages Investment in Bitcoin 'Before It's Too Late'
2023-11-27 16:16:20
Renowned author Robert Kiyosaki, famous for his bestselling book "Rich Dad Poor Dad," is once again urging investors to consider Bitcoin as a crucial part of their investment strategy while abandoning traditional fiat currencies. Kiyosaki's advocacy for Bitcoin is accompanied by his belief in the potential of gold and silver as sound investments. He has consistently criticized fiat money, referring to it as "fake money" since it was decoupled from the gold standard in 1971. In contrast, he characterizes gold and silver as "God's money" and Bitcoin as "people's money."
Kiyosaki's latest call to action was made on social media, where he highlighted the recent surge in the price of gold. Expressing concern for those who rely on fiat currencies, he categorizes them as "losers" and urges them to divest from the "fake money system" immediately. Instead, he advises reallocating funds into precious metals like gold and silver, as well as Bitcoin, cautioning that delay may result in missed opportunities.
The author's skepticism toward fiat money stems from his belief that central banks, including the Federal Reserve, along with the Biden administration and Wall Street, are collectively eroding the value of the U.S. dollar. He has consistently warned that individuals who continue to hold fiat currencies will face significant financial setbacks, emphasizing that "fake money savers" will be the hardest hit. Furthermore, Kiyosaki has expressed concerns about the growing U.S. national debt, high inflation rates, and potential interest rate hikes, all of which contribute to his belief in the superiority of "real money" investments like gold, silver, and Bitcoin. Kiyosaki emphasizes a core financial principle: the rich prioritize investments that generate tax-free income, ensure financial security, and offer long-term financial freedom. According to him, real assets such as gold, silver, and Bitcoin are preferable to traditional paper assets or relying on employment to earn dollars. Regarding Bitcoin, Kiyosaki considers it not only an investment but also a safeguard against hyperinflation. He has made several bullish predictions about Bitcoin's price, foreseeing values ranging from $135,000 to $1 million, particularly in the context of a global economic crisis. Additionally, he has projected that gold could reach $75,000 and silver $60,000 in similar scenarios. In February, he predicted Bitcoin's price to rise to $500,000 by 2025, with gold potentially reaching $5,000 and silver reaching $500 within the same timeframe. Robert Kiyosaki's financial advice continues to resonate with a global audience, attracting attention and influencing investment decisions. His consistent endorsement of Bitcoin and precious metals reflects his belief that these assets provide a secure pathway to wealth preservation in a turbulent economic landscape. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
