- Renowned millionaire Robert Kiyosaki warns about the US economy
- Kiyosaki predicts Bitcoin price to reach $120,000 next year
- He advises investing in assets like gold, silver, and Bitcoin
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” recently took to his official social media account to issue a warning about the US economy. In a tweet published on July 11, Kiyosaki urged people to turn to store-of-value assets like gold, silver, and Bitcoin, as he believes that the US inflation has reached its peak. He also predicted that Bitcoin will experience a 293% increase in value and reach $120,000 next year.
US Economy Warning
Kiyosaki highlighted that global actors are selling trillions of US Dollars, which he claims is fueling US inflation. He emphasized that countries are discussing a transition to asset-backed cryptocurrencies like gold as an alternative to the US Dollar, which is currently recognized as a global currency. Kiyosaki stated:
“On August 22, 2023, in Johannesburg, South Africa, the BRICS countries will announce a gold-backed cryptocurrency. Trillions of US Dollars will flood into America. Inflation will skyrocket. The US Dollar will die. Buy gold, silver, or Bitcoin. Bitcoin will reach $120,000 next year.”
Previous Warnings
This is not the first time Kiyosaki has issued warnings about the US economy. In May, he claimed that the US economy had already collapsed and urged people to buy Bitcoin.
Bitcoin Performance
According to CMC data, Bitcoin has gained 18.4% in value in the last 30 days. In the past 24 hours, it has experienced a 1.1% increase and is currently trading at $30,520.
