bullish

Robert Kiyosaki warns of hyperinflation, predicts Bitcoin could hit $1M as $BTC hits new all-time high of $109,424 amid mounting debt concerns
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a stark warning about the state of the American economy.
Amid these concerns, Kiyosaki predicts that the price of BTC could rise between $500,000 and $1 million, with Bitcoin hitting a new all-time high today.


Robert Kiyosaki Concerned About US Bond Auctions
Robert Kiyosaki’s recent comments were prompted by the US Treasury bond auction scheduled for May 20.

The Rich Dad Poor Dad author said that there were no buyers at the auction and alleged that the Federal Reserve had to buy $50 billion worth of bonds itself.
However, the US Treasury Department released data showing a bid-to-cover ratio of 2.97, with $212.58 billion in bids and $74.38 billion in offers.
According to official records, only $4.38 billion was paid into the Federal Reserve account. This suggests that participation was higher than Kiyosaki expected.
Even so, Robert Kiyosaki warned that the incident points to a deeper problem in the financial system.
He described the Fed's action as "buying fake assets with fake money" and said it marked a breakdown in confidence in the US debt.
Inflation warning amid mounting market pressure
Robert Kiyosaki claimed that the United States has entered a phase of hyperinflation.
They believe that the continued printing of money by the government will rapidly depreciate the value of the dollar.
"Hyperinflation is here," he said on X. "Millions, young and old, will be financially wiped out." According to him, savings will quickly lose value, and traditional financial systems cannot protect wealth.
He had earlier warned that a downgrade in the US credit rating and excessive debt could trigger a major financial crisis. His latest comments follow the same theme of economic meltdown.
Bitcoin, Gold, and Silver as a Safe Haven
In response to what he sees as a falling dollar, Rich Dad Poor Dad author Robert Kiyosaki believes investors will shift to assets with limited supply.
Despite his earlier $BTC prediction of $250k, Bitcoin was predicted to reach between $500,000 and $1 million. He said gold could reach $25,000 an ounce and silver could reach $70 an ounce.
He sees these assets as better stores of value in times of high inflation. “Buy more, don’t sell,” he urged followers to hold onto Bitcoin. He also warned against relying on Bitcoin ETFs, calling them "toilet paper" in an earlier post.
Robert Kiyosaki has long been a Bitcoin supporter and regularly advises followers to invest in “real gold and silver and Bitcoin” to preserve wealth.
BTC price is at an all time high.
The price of Bitcoin has now reached a record high of $109,424, as of press time. This milestone reflects growing institutional interest, including from the arrival of Bitcoin ETFs.
Analysts say the cryptocurrency has entered a price discovery mode, with new highs possible.

Bitcoin analyst Peter Brandt added that Bitcoin hitting all-time highs is a normal part of a bull market cycle.
He suggested a potential top of $125,000 to $150,000 by the end of August. Amid the trend, Jim Cramer also encouraged calm amid rising US debt concerns and mentioned gold and bitcoin as safe options.
Consequently, while Robert Kiyosaki's $1 million upper prediction is more extreme, it is in line with the broader bullish sentiment in the crypto space. He believes that the current financial crisis will accelerate this growth.

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