cryptoglobe.com
Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, has recently suggested the flagship cryptocurrency Bitcoin will a, long with gold and silver, see its price rise “when Trump becomes President again.”
Per the bestselling author, Trump is looking to weaken the country’s fiat currency, the U.S. dollar, so it can start exporting more than it imports, and added that with a “weaker dollar jobs will come back and assets will go up in price.”
Kiyosaki added that Trump is going to improve oil production, which will also lead to a drop in the price of oil, the opposite of what President Biden has done, as according to the author his “first act was to kill the Keystone XL pipeline. When Biden killed the Keystone pipeline the price of oil jumped.”
Market data shows that the price of oil was at around $50 per barrel in January 2021, when Biden issued the executive order that cancelled the construction of the Keystone XL pipeline, and kept on surging since then to trade at $120 per barrel, before dropping to its current level of $78. The bestselling author added that high oil prices led to “massive inflation wiping out the poor and middle class.”
He added that a weaker dollar will also create jobs, open new factors and make “gold, silver, Bitcoin, stocks, and real estate, rise in price.” Kiyosaki’s post on the microblogging platform X (formerly known as Twitter) reads:
I predict gold will rise from $2,400 an ounce to $ 3,300: silver from $29.00 an ounce to $ 79.00: and Bitcoin from $67,400 per coin to $105,000 by August 2025.
Robert Kiyosaki is a financial educator, entrepreneur, and the bestselling author of “Rich Dad Poor Dad,” a book that has become a cornerstone in personal finance literature since its publication in 1997.
The book contrasts the financial philosophies of his “Rich Dad,” a savvy businessman, and his “Poor Dad,” a well-educated man with traditional views on money. Through this juxtaposition, Kiyosaki challenges conventional wisdom about money, investing, and financial education. His work has sold millions of copies globally and has been translated into dozens of languages, making him an international authority on personal finance.
Over the past three years, Kiyosaki has been vocal about his skepticism toward the Federal Reserve’s economic policies, particularly in the wake of various crises. He has consistently advised his substantial social media following to shield themselves from anticipated high inflation rates by investing in silver, gold, and Bitcoin.
Featured image via Pexels.