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Robert Kiyosaki tells investors to purchase gold, silver, and Bitcoin amid growing debt in the US.
Robert Kiyosaki has advised investors again to start putting their money into assets like gold, silver, and Bitcoin. Kiyosaki made this statement in a recent post he shared on his X handle, pointing out the high scale of the US debt crisis.
To explain how bad the situation is, he said a trillion seconds was 31,688 years ago. However, the United States has been piling up debt very quickly, which has resulted in a debt of $100 trillion every 100 days.
The increase in debt has raised some eyebrows about the long-term stability of the US economy. Top investors such as Kiyosaki are now urging people to have a change in their reliance on traditional finance institutions and instead diversify their portfolio into assets such as Bitcoin, silver, or gold.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
The ‘Rich Dad, Poor Dad’ author has always been very vocal about the need to invest in these alternative assets. He made a bold prediction about the future performance of gold, silver, and Bitcoin last month.
He forecasted an economic crash soon, which would be followed by a ‘major long-term bull market cycle’ for gold, silver, and bitcoin.
This could see the price of Bitcoin hit $10 million per coin, gold $15,000 per ounce, and silver go up to $110 per ounce. He believes this will happen because people are losing trust in fiat currencies, which he tagged ‘fake money’ based on what has happened in the past.
He made another bold statement on his X page earlier this month, saying that BTC and other markets are crashing, making it the best time to accumulate more of it. This was followed by another where he cautioned people to stop relying on the Fed for guidance, saying that the Fed is the main cause of the problem.
Thus, instead of people placing trust in the federal authority, which he regarded as ‘highly educated poor people’ to save them from the economic crisis, they should instead save themselves and start purchasing gold, silver, and bitcoin.
Will These Assets Truly Increase?
While Robert Kiyosaki has been vocal and remains optimistic about the growth of Bitcoin, gold, and silver, his position has always been more of a future prospect as BTC has been trading sideways since March. The coin is currently trading at over $60,000, showing a more than 2% increase in the last 24 hours.
The chance of Bitcoin, gold, and silver reaching the high point that Kiyosaki discussed may depend on different technical and fundamental factors. These include clearer regulations, market sentiment, and the overall state of the economy.
Thus, with the growing US debt crisis, it is possible we will see many top investors shifting to these assets, especially BTC, which could see a spike in the token as investors begin to accumulate to hedge against inflation.
