- The billionaire investor warns of the dangers to the market and the likelihood of the US debt bubble popping.
- The total US debt has ballooned to $37 trillion, and Robert Kiyosaki foresees an impending collapse.
As tensions between Iran and Israel rise, Rich Dad Poor Dad author Robert Kiyosaki—who predicts an impending “Global Monetary Collapse”—predicts a Bitcoin meltdown. With a risk-off attitude on the rise due to increasing global tensions, Kiyosaki thinks silver is the ideal investment right now. Not only that, but the billionaire investor warns of the dangers to the market and the likelihood of the US debt bubble popping.
The total US debt has ballooned to $37 trillion, and Robert Kiyosaki foresees an impending worldwide monetary collapse. He called fiat currency “junk money” and stated that Bitcoin, silver, and gold were better investments. Last week, Kiyosaki emphasized the importance of investors focusing on accumulation rather than speculation, and he restated his goal of a $1 million Bitcoin price by 2030.
Banking on Silver
But with all this geopolitical unpredictability and the growing tension between Iran and Israel, Kiyosaki predicts a Bitcoin collapse soon and says he’ll wait to purchase on dips. However, he thinks silver is the most promising investment option right now. The billionaire investor predicted earlier this month that by the end of 2025, the price of silver would have increased thrice, surpassing $100 per ounce.
As he warned investors to brace themselves for the consequences, Kiyosaki said that savers depending on “fake” fiat money and bonds would be the worst hit. By taking action, one can become richer while billions of people with out-of-date views on money go broke, Kiyosaki said.
Strong selling pressure hit the cryptocurrency market over the weekend as tensions between Iran and Israel escalated, leading to $458 million in liquidations.
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