“Rich Dad, Poor Dad” author Robert Kiyosaki says he cannot wait for the next crash in gold, silver, and Bitcoin. He plans to buy more when it comes.
His reasoning centers on soaring global debt and what he calls the failure of fiat money.
According to Kiyosaki, the real problem is the growing size of global debt, especially in the US. He also criticized the “incompetence” of political leaders.
Moreover, he slammed an education system that teaches “nothing, zero, nada about money.” He argued that fiat currency, which he calls fake money, steals wealth from workers and savers.
His concerns about debt have some basis. US federal debt reached about $40.6 trillion.
The stance echoes his long-running mantra that “savers are losers.” He has also repeatedly called the US “the biggest debtor nation in history.”
Kiyosaki’s welcome of crashes is not new.
Previously, he targeted $250,000 for Bitcoin, $27,000 for gold, and $100 for silver in 2026.
Silver later surpassed his target, topping $121 per ounce in late January. However, the rally did not last. On January 29, gold hit $5,600 before shedding $400 in about 30 minutes.
Today, all three assets trade well below those levels. Silver, for example, now trades at less than half its January peak. Even so, they rebounded after Tuesday’s US midterms, as Democrats take control of Congress.
Gold rose 2.34% to above $4,023 per ounce after touching a yearly low, while silver jumped nearly 4% toward $52. Meanwhile, a weaker dollar supported the rally.
Bitcoin also recovered to about $80,500 after falling to $75,618 earlier on Wednesday. Still, the leading crypto remains down about 3.8% over the past week.
For Kiyosaki, these lower prices are not a threat but an opportunity. However, buying during crashes requires spare cash, strong nerves, and patience. Timing the bottom also remains notoriously difficult.
The post Robert Kiyosaki Can’t Wait for the Next Gold, Silver, and Bitcoin Crash appeared first on BeInCrypto.
Bitcoin (BTC) could be on the verge of one of the most extreme re-ratings in its history before January 1, 2027. Elon Musk’s Grok AI
Democrats revisit CZ pardon after Binance experienced a major hack, putting the founder’s influence and exchange security under scrutiny. The post CZ Pardon Faces New
Injective (INJ), PEARL and Zcash (ZEC) surge as crypto traders return to altcoins amid renewed market momentum. The post Injective (INJ), PEARL and Zcash (ZEC)
XRP recovered slightly by Tuesday’s close after falling the day before, trading near $1.31 as traders assessed fresh signs of whale accumulation amid lingering selling pressure.
Blockchain Bodega is here and you know the vibes. We’re at the intersection of hip-hop culture and web3, exploring this new digital frontier. Who better to guide you through these uncharted lanes than Ock Chain – The Bitcoin Boss and the Consensus Corner Boys?
Ock Chain doesn’t just cook up random details about cryptocurrency; he lives it. Ock’s been deep in the game since Bitcoin was just a baby.
And let’s not forget about the Consensus Corner Boys. They’re our skilled crew of blockchain enthusiasts. They’re here to educate, entertain, and enlighten.
Welcome to Blockchain Bodega!
Copyright © 2023 Blockchain Bodega. All rights reserved.
