In a striking message to investors, renowned financial educator and author Robert Kiyosaki has once again championed Bitcoin as smart money for future financial security. Known for his influential book “Rich Dad Poor Dad,” Kiyosaki is urging a shift away from traditional fiat currencies, which he derides as “fake money.” His advice comes amid broader critiques of the economic system and endorsements from notable figures like former U.S. President Donald Trump.
Kiyosaki’s recent comments on social media platform X have stirred significant discussion. He began by emphasizing the ubiquitous nature of money in modern society. “Money is an interesting subject. Everyone in the modern world uses money … regardless if they earn the money or not,” he remarked. However, he warned that despite money’s central role, many people are unaware of its complexities and pitfalls, particularly when it comes to fiat currencies.
Drawing on historical context, Kiyosaki highlighted a pivotal moment in U.S. economic history: the decision by President Richard Nixon in 1971 to take the dollar off the gold standard. This move, according to Kiyosaki, set the stage for what he describes as the “counterfeiting” of money by the U.S. Treasury and Federal Reserve Bank. “The problem is, due to our schools not teaching anything about money or taxes … 90% of the people today work for and save counterfeit … a.k.a. fiat … a.k.a. FAKE money,” he explained.
The education system’s failure to impart financial literacy is a recurring theme in Kiyosaki’s critique. He argues that this lack of education is a key factor in the growing wealth gap. “People working for ‘Fake Money’ is one of the primary reasons why the gap between rich and poor grows. Don’t be a loser. Stop working for and saving ‘Fake Money,’” he urged.
Bitcoin as Smart Money: Trump’s Endorsement
In a notable part of his message, Kiyosaki referenced former President Donald Trump, with whom he has co-authored two books. Trump, he noted, recently attended a Bitcoin conference where he endorsed Bitcoin and silver as “smart money.” This endorsement from Trump, who Kiyosaki describes as financially astute, underscores the increasing mainstream acceptance of Bitcoin as a legitimate and valuable asset.
Kiyosaki’s advocacy for Bitcoin as smart money, gold, and silver is not new. He has long recommended these assets as hedges against economic instability and as alternatives to fiat currencies. His predictions about the future value of these assets are bold. Kiyosaki foresees an imminent economic crash, followed by a massive bull market. In this scenario, he predicts Bitcoin could soar to $10 million per coin, gold to $15,000 an ounce, and silver to $110 an ounce.
These forecasts are driven by a declining trust in fiat currencies and historical trends that suggest a shift towards tangible and decentralized assets. “Get smarter and save gold, silver, and Bitcoin as Smart Money,” Kiyosaki advises, reflecting his belief that these assets will hold their value in times of economic turbulence.
Kiyosaki’s warnings and predictions are not without basis. The past few decades have seen significant economic shifts, including rising national debt, inflation concerns, and increasing skepticism about the sustainability of current monetary policies. His recommendation to invest in Bitcoin as smart money is a call to prepare for these potential upheavals.
Bitcoin as Smart Money: Kiyosaki’s Forecast
Recently, Kiyosaki made specific predictions for the near future. He forecasted that gold would rise to $3,300 an ounce, silver to $79 an ounce, and Bitcoin to $105,000 per coin by August next year, should Trump win the upcoming presidential election. These projections highlight his belief in the intertwined nature of economic policy, political outcomes, and asset values.
Kiyosaki’s message is clear: the traditional financial system, with its reliance on fiat currencies, is fraught with risks. Investors, he argues, need to seek alternatives that offer security and growth potential. Bitcoin as smart money, gold, and silver, in his view, are the assets best positioned to provide this security.
In conclusion, Robert Kiyosaki’s call to view Bitcoin as smart money reflects a broader skepticism about fiat currencies and a belief in the enduring value of decentralized and tangible assets. As economic uncertainties loom, his advice to invest in Bitcoin, alongside gold and silver, resonates with a growing number of investors looking to safeguard their financial future.
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