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Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for Bitcoin, gold, and silver — sometimes referred to as “safe haven” assets — amid the Israel-Hamas warfare.
Kiyosaki Advocates Bitcoin Investment
As a strong supporter of the number one cryptocurrency, Bitcoin (BTC), Robert Kiyosaki advised his over 2.4 million followers on X (formerly known as Twitter) to buy Bitcoin.
In a Dec. 4 tweet, Kiyosaki, who is also a real estate mogul and an investor in precious metals, noted that the war between Israel and Hamas is all about oil. The geopolitical issues have even motivated him to purchase an electric vehicle (EV). According to Kiyosaki, gas prices will skyrocket, making “the poor poorer & liberal woke Greenies happier.”
The finance guru urged investors to be smart in times like these and avoid being pawns of Biden and “woke greenies”.
“Fight back. Buy gold, silver, Bitcoin. Don’t become poorer because of Biden’s higher gas prices,” Kiyosaki continued.
He further slammed U.S. President Joe Biden as a “puppet of woke liberals” and the “worst and weakest” president in American history. In his opinion, Biden has been bought and paid for, which makes him incompetent.
Kiyosaki’s Uber-Bullish Prediction
Since as early as May. 2020, Kiyosaki has been a proponent for asset classes that the Federal Reserve cannot directly manipulate, having once cautioned investors to “Get Bitcoin and save yourself” following the Fed’s mass money printing spree in response to the pandemic.
In October 2023, Kiyosaki predicted that Bitcoin’s price would reach an eye-popping $135,000 just as the benchmark crypto reclaimed the $30,000 threshold. However, if the stocks and bonds market were to implode, Kiyosaki envisions Bitcoin’s price rocketing to $1 million.
Bitcoin’s upward trajectory continued on Monday, with the crypto blasting past $41,000 just mere hours after reaching $40,000 on Sunday likely on renewed enthusiasm over the potential approval of a spot BTC exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
The Bitcoin price currently stands at $41,809.84, up 5.9% on the day, according to CoinGecko data.
No recommendations or advice regarding investments are made in this article. Readers should perform their own due diligence before making any investment or trading decisions because of the inherent risk in these activities.