Robert Kiyosaki, the acclaimed author of the book “Rich Dad Poor Dad”, urged investors to put their money in both gold and Bitcoin (BTC). He shared his opinion on social media, where he has a following of over 2.4 million. Kiyosaki believes that gold’s recent push to an all-time high price is great news.
Kiyosaki has previously advised traders and investors to consider investing in Bitcoin as a protective measure against the potential impact of inflationary policies. He believes that inflation, which he associated with Marxist ideologies, drives up prices while true capitalism strives to lower prices. In Kiyosaki’s opinion, the current American leadership may lean towards Marxist principles, making gold, silver, and Bitcoin worthy investments to secure wealth from the depreciating dollar.
The author also forecasted a looming crash in the real estate sector, potentially more severe than the 2008 housing crisis, and urged Americans to accumulate Bitcoin and precious metals. Kiyosaki anticipates that Bitcoin’s value will breach the six-figure threshold by 2024, due to the introduction of a new currency by the BRICS nations.
Despite Kiyosaki’s opinion, billionaire investor Warren Buffett said he sees “no option for any other currency to be the reserve currency.”
Bitcoin currently trades at $37,453 per data from CoinGecko, with a 24-hour trading volume of $8.4 billion and a market cap of $732.5 billion.