Robert Kiyosaki Warning: The Risk of U.S. Economic Collapse Approaches, Potentially Driving Bitcoin Prices to $1 Million
Famous financial author and 'Rich Dad Poor Dad' writer Robert Kiyosaki has recently issued another economic warning, pointing out that the U.S. will face severe hyperinflation and a crisis economy.
Kiyosaki stated on his social media platform X that on May 20, there was a lack of bidders at a Federal Reserve bond auction, with the Fed ultimately purchasing $50 billion in bonds by itself. He views this phenomenon as an important signal of economic recession.
Although Kiyosaki claims no one attended the auction, data from TreasuryDirect shows that the total bids for the 42-day Treasury bills recorded by the Fed exceeded $69 billion, yet Kiyosaki insists that the dollar has already entered hyperinflation and that the apocalypse he warned of has arrived.
As Kiyosaki issued this warning, the international rating agency Moody's downgraded the U.S. sovereign debt rating from the highest level of Aaa to Aa1, primarily due to the continued expansion of the U.S. fiscal deficit and rising debt levels. Kiyosaki suggested that investors should adopt a defensive investment strategy, including allocating to digital assets like Bitcoin as well as precious metals like gold and silver.
In light of the potential devaluation risk of the dollar, Kiyosaki predicts that Bitcoin prices could rise to between $500,000 and $1 million, gold prices may reach $25,000, and silver prices could break through $70. According to market data, the current price of Bitcoin has already surpassed $110,000, setting a new historical high.
Even though Kiyosaki's description of the bond auction differs from actual data, his concerns about the U.S. economic outlook cannot be ignored. He also emphasized that in the potential upcoming economic crisis, diversifying investments, especially focusing on safe-haven assets like Bitcoin, may be a wise choice.
In summary, while Kiyosaki's predictive views are relatively radical, the recent downgrade of the U.S. debt rating and other objective economic indicators make this warning indeed worthy of investors' attention. However, investors must remain rational when making any decisions and fully consider the various risk factors present in the market.
Do you agree with Robert Kiyosaki's views? How would you reasonably allocate assets in the current economic situation?
