Renowned investor and book author (famous for his book on financial literacy “Rich Dad Poor Dad,” published in the late 1990s and several books on financial markets that followed) Robert Kiyosaki has taken to the social media platform X (formerly popular as Twitter) with a warning about the current state of the financial markets and the role of Bitcoin in the current economic situation.
Kiyosaki is known as a vocal Bitcoin investor, however, he also favors gold and silver for long-term holding.
Time to buy "as many Bitcoin as you can afford"
Kiyosaki published a tweet speaking about a major problem that the global economy faces now – “consumers of the world have stopped buying.” Besides, he mentioned serious trouble with the world’s second largest economy, China.
The renowned investor believes that stocks and bonds are the wrong assets to buy in these conditions. Instead, Kiyosaki thinks that it is time to buy physical gold and silver and also “as many Bitcoin as you can afford.”
Earlier this week, the writer and investor also published a tweet about silver, calling it a strategic and industrial metal (apart from being a precious one). Kiyosaki has emphasized multiple times that he treats Bitcoin, gold and silver (in their physical forms) as three major safe-haven assets, adding that he prefers them over stocks and bonds. He also added that recently Elon Musk’s Tesla company secured rights for several silver mines to use the metal extracted from there in the production of electric vehicles.
Bitcoin heading for $300,000 thanks to halving - Kiyosaki
Earlier this year, Kiyosaki, like many other Bitcoin believers, spoke about the approaching Bitcoin halving event on Twitter/X, emphasizing its massive importance. Similarly to many Bitcoiners, the author of “Rich Dad Poor Dad,” Kiyosaki, expects the Bitcoin price to skyrocket after this significant milestone since it will push BTC closer to its ultimate scarcity.
After the halving scheduled for late April, the amount of BTC mined per block will be cut from 6.25 to 3.125 BTC and, therefore, the overall amount of Bitcoin produced daily will fall from 900 to 450 BTC. Kiyosaki believes that powered by the halving and the current Bitcoin ETF inflows, BTC will soar to $300,000 by the end of the year.