Robert Kiyosaki warns of fake money and longterm inflation
Renowned investor and financial author Robert Kiyosaki has raised concerns about the looming economic crisis, pointing fingers at what he refers to as “fake money” controlled by “Marxists” within the US government, alongside the persistent threat of inflation.
Kiyosaki has criticized President Joe Biden for causing inflation to soar by shutting down the Keystone XL pipeline, resulting in a drastic increase in oil prices from $30 to $130 in just a week, according to his recent social media post on June 9.
Predicting a prolonged period of inflation, Kiyosaki has expressed doubts about Biden’s chances of winning the upcoming presidential elections, attributing the current state of affairs to the influence of the “liberal academic ‘swamp'” that brought the Biden family to power.
In light of these concerns, Kiyosaki has emphasized the importance of investing in tangible assets like gold, silver, and Bitcoin (BTC) as a hedge against the manipulation of “fake money” by the ruling establishment, whom he labels as “Marxists.”
Furthermore, Kiyosaki has reiterated his preference for precious metals and cryptocurrencies, particularly Bitcoin, which he believes could reach $350,000 by August 2024. He also anticipates a continued upward trend in the prices of Ethereum (ETH) and Solana (SOL) in the crypto market.
At present, Kiyosaki’s favored asset, Bitcoin, is trading at $69,255, showing slight gains over the past 24 hours and a modest increase of 0.76% in the last seven days, with a cumulative rise of 14.16% on the monthly chart as of June 10.
Disclaimer: The information provided in this article is not intended as investment advice. All investments carry risks, and individuals should exercise caution when investing their capital.
