Robert Kiyosaki, author of the book “Rich Dad Poor Dad,” announced that he increased his purchases of gold, silver, Bitcoin and Ethereum, saying that the markets were heading towards a major collapse.
The renowned author shared striking price targets for these “hard assets”: $250,000 for Bitcoin, $27,000 for gold, and $100 for silver. He also commented on a $60,000 target for Ethereum.
Kiyosaki attributes the impending collapse to a deterioration in the monetary system. He argues that the US's debt repayment by printing money has exposed the economy to structural risks, making assets that hold their value safer.
Recalling that he owns gold and silver mines, Kiyosaki states that supply is becoming increasingly limited, especially on the silver side.
Kiyosaki, who positions Ethereum as the main driver of the stablecoin ecosystem, states that the network's growth can continue unabated due to Metcalfe's Law. Therefore, he says the recent declines in crypto assets don't worry him; on the contrary, he sees them as buying opportunities.
Kiyosaki argues that the US has entered its most indebted period in history and that current policies are weakening savers in the long run. He states that he has bolstered his portfolio with “real assets” to counter the possibility of a collapse and is determined to continue this strategy.
*This is not investment advice.
