Rich Father, Unfortunate Father creator Robert Kiyosaki has shared his forecasts in regards to the costs of gold, silver, and bitcoin assuming the world economy crashes. Underscoring that the public obligation is "excessively high," he forewarned that holders of the U.S. dollar will be in a difficult situation.
Robert Kiyosaki's Gold, Silver, and Bitcoin Expectations
The creator of Rich Father, Unfortunate Father, Robert Kiyosaki, has shared his expectations about the cost of gold, silver, and bitcoin. Rich Father, Unfortunate Father is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Success Rundown for nearly six years. In excess of 32 million duplicates of the book have been sold in 51 dialects across in excess of 109 nations.
In a tweet Monday, Kiyosaki made sense of the fact that while he expects the cost of bitcoin to arrive at $100K in the near term, he accepts that it could take off to $1 million while gold will ascend to $75K and silver will exchange at $60K assuming that the world economy crashes. Noticing that he has been saying for a really long time that gold and silver are God's cash while bitcoin is individuals' cash, the well-known creator composed:
Bad news: If stock and bond markets crash, gold and silver will skyrocket. Worse news: If the world economy crashes, bitcoin [will rise to] $1 million, gold to $75K, and silver to $60K.
He added that savers who hold the U.S. dollar, which he called "counterfeit" cash, will be in some hot water, taking note of the fact that the U.S. public obligation is "excessively high."
Kiyosaki frequently said that gold, silver, and bitcoin are his favoured ventures, accentuating that they are awesome for unsound times. Following his admonition about a worldwide downturn, he forewarned in May that the world economy was very nearly in breakdown.
The prestigious creator anticipated in February that the cost of bitcoin would hit $500,000 by 2025, while gold would take off to $5K and silver would hit $500 during that time span. He has as of late begun saying that the cost of BTC will hit $100K this year and $120K one year from now, which is a similar forecast made by the Standard Sanctioned Bank. This week, he asked financial backers to purchase silver before it's gone, noticing that it is more reasonable than gold.
Kiyosaki has additionally been cautioning that the U.S. economy is headed toward a "crash arrival." He recently said America is bankrupt and warned of out-of-control inflation. The Rich Father, Unfortunate Father creator has been advised that a goliath crash is coming for a long time. In addition, he cautioned that the U.S. dollar will "bite the dust" as the BRICS countries (Brazil, Russia, India, China, and South Africa) plan to send off typical cash.
(Kevin Helms, Bitcoin News, 2023)