- Kiyosaki says savers should load up on scarce assets such as gold, silver, BTC, and ETH.
- According to him, rising debt and money supply cause cash to lose its value.
- Kiyosaki is bullish on gold, believing it will reach $35,000 an ounce by 2035.
Robert Kiyosaki, finance author and investor, said that the Fed and US Treasury can essentially bring trillions of dollars into existence by printing them whenever they want. As such, he believes that savers should dump cash and load up on scarce assets such as gold, silver, Bitcoin, and Ethereum instead.
According to Kiyosaki, when governments keep increasing the debt and expanding the money supply, cash slowly loses buying power. That’s why he consistently advocates ownership of assets that are perceived as scarce.
For instance, the US debt has kept climbing all decade (approximately $39.2 trillion at the moment), and interest payments are now taking up a bigger and bigger slice of the federal budget.
In the past, Kiyosaki focused primarily on gold and silver, but over the last several years, he has increasingly been leaning into Bitcoin and, more recently, Ethereum.
Kiyosaki’s logic is simple. Bitcoin is capped at 21 million coins; governments can’t make more of it; it’s seen as a shield against currency devaluation; and more institutions and corporations are holding it. Meanwhile, Ethereum is the largest smart contract chain, powering tokenization, stablecoins, and DeFi, which made Kiyosaki put it right up there with Bitcoin as a big digital asset.
Bitcoin as People’s Money
He also has said more than once that he views Bitcoin as “people’s money,” not government money, and he’s been rather bullish on both BTC and ETH over the long haul.
In late May, Kiyosaki warned people not to buy into the idea that US bonds are completely safe, saying that placing too much faith in such advice can be dangerous, since nothing is safe from stupidity.
Additionally, the author recently reaffirmed his bullish stance on gold, suggesting that the metal could eventually reach exceptionally high valuations over the next decade. He believes gold will reach $35,000 an ounce by 2035.
Kiyosaki’s comments follow the latest crypto market’s recovery. After the news of a peace deal between the US and Iran, Bitcoin climbed back toward $67,000 after experiencing significant weakness earlier in the month. As it stands now, Bitcoin’s price rose roughly 6% in the last 7 days, while Ethereum’s increased by about 7.5%.
Related: Robert Kiyosaki Warns Iran’s Yuan Oil Deal Could Change Global Finance
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