Prepare for inflation as Robert Kiyosaki forecasts crisis with fake money
Renowned investor and financial author Robert Kiyosaki has raised concerns about a looming economic crisis, attributing it to what he calls “fake money” controlled by “Marxists” within the American government, along with the persistent threat of inflation.
Kiyosaki criticized President Joe Biden for exacerbating inflation by shutting down the Keystone XL pipeline, causing oil prices to skyrocket from $30 to $130 within a week, according to his recent social media post on June 9.
Despite his prediction that Biden will not secure reelection, Kiyosaki warned that inflation is here to stay for the long haul, blaming the “liberal academic ‘swamp'” for keeping the Biden administration in power.
The author of the bestselling financial guide ‘Rich Dad Poor Dad’ emphasized the importance of investing in tangible assets like gold, silver, and Bitcoin (BTC) as a hedge against the government’s mismanagement of the economy, which he perceives as controlled by “Marxists.”
Kiyosaki has been a vocal advocate for precious metals and cryptocurrencies, particularly Bitcoin, which he believes could reach a price of $350,000 by August 2024. He also foresees other popular cryptocurrencies like Ethereum (ETH) and Solana (SOL) experiencing significant price surges.
As of June 10, Kiyosaki’s preferred cryptocurrency was trading at $69,255, marking a slight increase over the past 24 hours and a 0.76% gain over the previous week. Overall, the asset has seen a monthly gain of 14.16%.
It is essential to note that the information provided in this article is not intended as investment advice, and all investments carry inherent risks.
