In his recent predictions, Kiyosaki has forecasted that Bitcoin could reach $350,000 by the end of August 2024. He has also suggested that other cryptocurrencies, such as Ethereum (ETH) and Solana (SOL), may experience significant price increases. As of June 10, Bitcoin, Kiyosaki’s preferred asset, was trading at $69,255, showing modest gains over various periods.
Amid repeated warnings of an impending economic crisis, renowned investor and finance author Robert Kiyosaki has raised alarms about what he refers to as “fake money” controlled by “Marxists” within the American government. This concern is coupled with his prediction of prolonged inflation affecting the United States.
Kiyosaki has publicly criticized current U.S. President Joe Biden, blaming him for exacerbating inflation. According to Kiyosaki, Biden’s decision to cut the Keystone XL pipeline triggered a surge in oil prices from $30 to $130 within a week, significantly straining the poor and middle class. These assertions were shared on his X post dated June 9.
Inflation Taking Hold
It was noted by Kiyosaki that inflation is expected to persist for years, regardless of the outcome of the upcoming presidential elections. He believes the “liberal academic ‘swamp’” responsible for Biden’s rise to power will remain influential. This perspective suggests that systemic issues within the ruling establishment, described by Kiyosaki as “Marxists” who control “fake money” (the US dollar), are to blame.
Safeguarding with Real Money
Kiyosaki’s strategy for countering these economic threats involves accumulating “real money” such as gold, silver, and Bitcoin (BTC). These assets, according to him, are beyond the control of the current political establishment. His advocacy for precious metals and cryptocurrency has been longstanding, emphasizing their role as protection against governmental incompetence.
