PakGazette – In a recent tweet, Robert Kiyosaki, author of the popular financial management book “Rich Dad Poor Dad,” investor and businessman, raised the issue of spending by the US government and the Federal Reserve.
He also made an important warning to the financial markets about how he sees their immediate future.
The best assets to park your money according to Kiyosaki
Kiyosaki got on his high horse from the start, saying he doesn’t trust the “US Government.” (hinting at the excessive spending of recent years), at the US Treasury and at the Federal Reserve. He added that he stopped trusting the government in 1965, when he realized that “American silver coins were now copper alloys.”
Kiyosaki also reminded his readers that President Nixon removed the gold standard that had been used to support the US dollar until then: “Nixon took the US dollar off the gold standard.”
It was then, the financial expert revealed, that he began to “save” gold, silver and these days he is saving Bitcoin.
Today, he said, “the best assets for your money are real gold, silver and Bitcoin.”
Crucial warning to financial markets
In his usual fashion, Kiyosaki warned the financial community about the coming crisis, which will likely be the largest in history. He tweeted: “The world is about to collapse financially.”
However, he believes that saving Bitcoin, physical gold, and silver can save one’s wealth, and it is much safer to invest in them rather than saving fiat money and investing in fiat-based assets.
Bitcoin to $350,000 in 2025, Kiyosaki believes
Earlier this week, Robert Kiyosaki made a bold prediction, saying he expects the world’s flagship cryptocurrency, Bitcoin, to skyrocket to $350,000, largely thanks to the new US president who supports cryptocurrencies and has the intention to build a Strategic Bitcoin Reserve for the US in the coming years. years.
So far, he has recommended that the community start accumulating Bitcoin in pieces, buying Satoshis, since a single BTC back then was worth more than $106,000. After that, BTC skyrocketed above $108,000. From Tuesday to Friday, Bitcoin plunged 15%, from $108,380 to $92,640, on news that the Federal Reserve plans to reduce its dovish policy and make a much smaller interest rate cut next year. So far, Bitcoin has managed to recover 7%, reaching $99,150.
