Renowned author and financial expert Robert Kiyosaki has weighed in on predictions by economist Harry Dent, particularly regarding the potential crash of Bitcoin’s price to $200.
Kiyosaki, known for his best-selling book “Rich Dad Poor Dad,” shared his insights and warnings on X (formerly Twitter), addressing the implications for investors amidst current economic uncertainties.
Kiyosaki began by acknowledging Dent’s forecast of a significant market crash, which includes projections of Bitcoin’s price plummeting to $200. Despite this forecast, Kiyosaki remains steadfast in his belief in hard assets such as gold, silver, and Bitcoin. He emphasized his commitment to these assets, declaring, “I am a hard, real money advocate, and I only save real gold, silver, and bitcoin. I recommend the same for you and your family.”
For Kiyosaki, market crashes present unique investment opportunities. According to him, this was a chance to acquire more real estate, gold, silver, and Bitcoin at lower prices, which could be q potential for substantial wealth for those who are prepared and positioned to take advantage of these downturns.
In a follow-up post, Kiyosaki commented on Federal Reserve Chairman Jerome Powell’s acknowledgment of inflation. Powell’s admission that inflation is winning and the inability of the Fed to maintain its inflation targets raise concerns for Kiyosaki. He warns about the erosion of purchasing power, particularly of the US dollar, which he describes as “fake money.”
Moreover, Kiyosaki urged investors to take control of their financial education and decisions. He cautioned against blind trust in political leaders and encouraged individuals to understand the implications of economic policies on their personal finances.
Kiyosaki’s message serves as a call to action for those interested in Bitcoin investment or seeking to navigate the current economic landscape. As uncertainty looms, he advocates for a diversified portfolio that includes hard assets like gold, silver, and Bitcoin, positioning investors to weather market volatility and potentially thrive amidst economic turmoil.
Harry Dent is predicting the biggest “everything” crash is coming. He is saying the “Baby Boom Generation” will be the biggest losers, as their homes crash in value. He says the S&P will fall by 80%.
He also predicts Bitcoin will drop back to $200 a coin.
If Harry is…
— Robert Kiyosaki (@theRealKiyosaki) April 2, 2024
