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The author of "Rich Dad, Poor Dad", Robert Kiyosaki, believes that due to the Federal Reserve's lowering of interest rates, the price of bitcoin is "about to explode". He predicts that as interest rates decline, investors should abandon "fake assets" and turn to real assets such as bitcoin, gold, and silver. Kiyosaki also emphasizes the continuously rising inflation, warning of its impact on retirees, and urges decisive 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 BTC on the social media platform X this week due to the Federal Reserve lowering interest rates. The book, co-authored with Sharon Lechter in 1997, 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 famous author wrote:
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.