silver

The average person who tries to save money is a “loser,” said Kiyosaki while recommending investments in Bitcoin and precious metals.

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold and silver as inflation threatens to worsen living standards globally.

The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a strong supporter of the Bitcoin ecosystem, Kiyosaki recommended his over 2.4 million followers on X (formerly Twitter) to reduce their exposure to fiat currencies, which he called the “fake money system.”

Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now…. Before it’s too late.

— Robert Kiyosaki (@theRealKiyosaki) November 26, 2023

The average person who tries to save money is a “loser,” said Kiyosaki while recommending other forms of investments, such as gold, silver and BTC:

“Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now…. Before it’s too late.”

On Nov. 23, Kiyosaki blamed the “woke government” for the rising inflation and the daily struggle that followed.

I am shocked at the rising prices of INFLATION. Thank God I have plenty of money. Yet I feel for those who struggle paycheck to payeck. I feel for people who cannot afford food, rent, & fuel and cannot afford to invest in Gold, Silver, and Bitcoin as I suggest. Our “Woke”…

— Robert Kiyosaki (@theRealKiyosaki) November 23, 2023

He said he continues to move his fiat assets into Bitcoin and precious metals because “leaders don’t care about you,” and their actions boil down to war and poverty. On Oct. 20, Kiyosaki predicted that gold price would soon reach $2,100, and he expects the price to rally to $3,700 in the near future.

Related: Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

In August 2023, Kiyosaki predicted that Bitcoin would reach $100,000, considering the geopolitical issues threatening global prosperity.

BITCOIN to $100k. Saying for years gold&silver GOD’S money. BITCOIN peoples $. Bad news IF stock & bond market crash gold&silver skyrocket. WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high. Mom, Pop & kids in…

— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023

However, if the stocks and bonds market were to crash, Kiyosaki envisions Bitcoin’s price skyrocketing to $1 million, while the value of gold and silver would appreciate to $75,000 and $65,000, respectively.

Magazine: This is your brain on crypto: Substance abuse grows among crypto traders