Robert Kiyosaki, author of Rich Dad Poor Dad, has recently intensified his warnings about the dangers of fiat currency, urging investors to shift their wealth into Bitcoin, gold, and silver. He refers to fiat money as "fake money," citing inflation and excessive money printing as factors that erode purchasing power and threaten financial stability.
Kiyosaki has made bold predictions, forecasting that Bitcoin could reach $1 million per coin by 2035, gold could hit $30,000 per ounce, and silver could soar to $3,000 per coin. He emphasizes Bitcoin's fixed supply of 21 million coins as a key advantage over gold and silver, whose supplies can increase with rising prices.
Despite his long-term confidence in Bitcoin, Kiyosaki currently favors silver, citing its industrial demand in sectors like solar energy, electric vehicles, and electronics. He believes silver is undervalued and predicts it could reach $70 per ounce by the end of this year and potentially $200 within two years.
Kiyosaki's financial philosophy centers on investing in tangible assets to protect against economic uncertainty. He advises moving away from traditional savings and fiat currencies, advocating for diversification into gold, silver, and Bitcoin as a means to preserve wealth in the face of inflation and potential financial crises.