Robert Kiyosaki, the famous author of the “Rich Dad Poor Dad” book series on personal finance, has recently expressed his views on the current state of financial markets. According to Kiyosaki, cryptocurrencies are the future, and he even goes so far as to call fiat currency “fake money.”
Kiyosaki’s “Rich Dad Poor Dad” books emphasize the importance of financial literacy, financial independence, and wealth-building through investing in assets, real estate, and businesses. His books also stress the need to improve one’s financial intelligence to enhance business and financial aptitude.
Sharing his thoughts with his followers on the microblogging platform X, Kiyosaki expressed his belief that fiat currencies have a grim future ahead. Instead, he voiced his support for cryptocurrencies, stating that crypto is the future. He even referred to fiat currency as “toast” or “fake money.”
This is not the first time Kiyosaki has shown support for cryptocurrencies. He has previously been a BTC bull and has advocated for investing in precious metals like gold and silver. In fact, earlier this year, Kiyosaki predicted a staggering surge in Bitcoin’s value, predicting it could reach $120,000. He made this prediction amid reports that BRICS nations were preparing to launch a gold-backed currency.
Kiyosaki also warned of an exodus of US dollars flooding back to the United States, which could potentially result in a surge in inflation. In light of these potential financial changes, he advised his followers to diversify their portfolios and protect against projected inflation by investing in gold, silver, and Bitcoin.
It’s worth noting that Kiyosaki has previously invested in the smart contract platform Solana, indicating his trust in cryptocurrencies beyond just Bitcoin. He has also recommended his followers to invest in gold and silver in the past.
Interestingly, Kiyosaki’s price target for Bitcoin aligns with that of Standard Chartered, a multinational banking and financial services firm based in London. Standard Chartered recently suggested that Bitcoin’s price could surge to $50,000 this year and even reach $120,000 by the end of 2024.
Overall, Kiyosaki’s views on cryptocurrencies and their potential future have sparked a discussion about the role of digital assets in the financial markets. While some may still be skeptical, Kiyosaki’s success as an author and investor lends credibility to his beliefs. It will be interesting to see how the financial landscape evolves in the coming years and whether cryptocurrencies will indeed play a prominent role, as Kiyosaki suggests.