Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again recommended his followers to buy Bitcoin, warning of impending financial doom.
Kiyosaki is convinced that the global financial system that is based on government-issued fiat currencies will eventually crumble under the weight of debt.
The popular financial commentator believes that hard assets, such as gold, silver, and Bitcoin, are likely to emerge as potential winners.
In the meantime, bondholders and savers of fiat money will end up on the losing side.
"Take action and get richer while billions with obsolete ideas about money….become poorer," Kiyosaki warned.
As reported by U.Today, the prominent financial commentator previously claimed that the price of Bitcoin could surge to $1 million. In fact, he did not rule out that Bitcoin could one day be worth as much as $10 million following a major financial disaster.
He sees the cryptocurrency reaching $250,000 as soon as this year.
The controversial financial expert initially purchased Bitcoin back in 2020 when the leading cryptocurrency was changing hands under $10,000 due to his concerns about excessive military spending.
In 2023, he correctly predicted that Bitcoin would finally be able to reach six-digit territory in 2024.
That said, it should be mentioned that a lot of his predictions are based on hyperbolic fearmongering, which is why they should be taken with a pinch of salt.
Vladislav Sopov
U.Today Editorial Team