Investment

"Rich Dad, Poor Dad" author Robert Kiyosaki believes that due to the Fed lowering interest rates, the price of Bitcoin is "about to explode." He predicts that as interest rates fall, investors should abandon "fake assets" and turn to real assets such as Bitcoin, gold, silver, etc. Kiyosaki also emphasizes the continuously rising inflation, warning of its impact on retirees, and urging resolute investment in real assets.

Kiyosaki's Prediction: Bitcoin, gold, and silver are expected to soar

Financial author and entrepreneur Robert Kiyosaki, known for his book "Rich Dad, Poor Dad," shared his outlook on the prices of gold, silver, and Bitcoin on the social media platform X this week as the Fed reduced interest rates. The book he co-authored with Sharon Lechter in 1997, "Rich Dad, Poor Dad," has been translated into 51 languages in 109 countries, selling over 32 million copies, and has been on the New York Times bestseller list for over six years.

The renowned author writes:

The prices of Bitcoin, gold, and silver are about to explode.

Kiyosaki predicts that the Fed's rate cut will prompt investors to abandon fake assets like US bonds and turn to real assets. Referring to his previous posts on X, he explains that those who debate whether gold or Bitcoin is better are mere talkers and cowards; he predicts they will suffer losses when the Fed cuts rates and real asset prices soar. "As I mentioned in my previous tweets, those who discuss whether gold or Bitcoin is better, you will be the big losers... when the Marxist Fed turns, cuts rates, and real asset prices rise... fake money leaves fake assets like US bonds, turning to real assets such as real estate, gold, silver, and Bitcoin," he says.

The acclaimed author debunked the debate over which is better, gold or bitcoin, by comparing them to people arguing about Ferrari or Lamborghini on a bus. He urged his followers to take decisive action, emphasizing: "Those who own real gold, silver, and bitcoin will become wealthier... able to afford a Ferrari or Lamborghini... while those taking the bus will say to themselves: 'I really don't like Ferrari or Lamborghini.'" He advised people to stop empty talk and take action by purchasing real assets before the Fed turns.

Kiyosaki also pointed out that rising inflation is a key reason many baby boomers are forced to retire. He shared a conversation with a baby boomer friend who told him that inflation had "eaten away at their 401(k)", and retirees can no longer rely on savings to live. He attributed all this to the Fed's money printing policy: "Course #1. When the Fed prints money, the rich get richer... the poor and middle class get poorer." Kiyosaki emphasized that printing more money will make essentials like food, fuel, and housing more expensive, which he believes is a reason why many retirees are returning to work.