Robert Kiyosaki Says Bitcoin, Gold, Silver to Surge as Fed Cuts Rates
Renowned financial author Robert Kiyosaki, who authored the bestseller Rich Dad Poor Dad, has been in the habit of making almost unimaginably bold predictions about the markets. He recently predicted a surge in prices for Bitcoin, gold, and silver following the pivot by the Federal Reserve and subsequent cuts to interest rates. On X, formerly Twitter, Kiyosaki said that investors should be shifting away from “fake assets”-which he referred to as U.S.-issued bonds-into “real assets” such as Bitcoin, precious metals, and real estate.
Get Ready for Bitcoin Price Blast-Off, Says Kiyosaki to Investors
In the post, Kiyosaki explained that recent rate cuts by the Federal Reserve would eventually lead to a massive flight from traditional “fake assets” like U.S. bonds. He said a decline in interest rates like that would force investors to give up such assets and move into more hard assets.
Kiyosaki’s comments are in line with his long-standing views that assets denominated in fiat currencies, most especially US bonds, are especially vulnerable to erosion of their purchasing power through inflation and devaluation. He said that the ‘bigger picture’ debates going on now over which is a better investment, gold or Bitcoin, are a waste of time; those debating such things are “talkers” and “cowards” who will be left far behind when the Fed finally acts:.
Inflation and the Fed: Why Kiyosaki Believes Real Assets Will Surge
The predictions by Kiyosaki are based on the growing apprehension about inflation and monetary policy set by the Federal Reserve. He believes that through the Fed, inflation has managed to deplete the savings of many Americans, especially the retirees. Once, in a personal conversation, one of his friends once lamented to him that inflation had “eaten away their 401(k),” making life extremely difficult for them.
He attributes these struggles to the Federal Reserve’s habit of printing money. He explains this by saying that this, in return, results in the inflation of basic needs such as food, housing, and fuel. He argues that the wealthy benefit most from these policies while the poor and middle class take the brunt of the economic struggles.
Real Assets: The Bedrock of Wealth Creation
For Kiyosaki, this set of rate cuts by the Federal Reserve was an inflection point beyond which “fake assets”-that is, U.S. bonds-would become worthless and true assets would form the bedrock of wealth creation. He tells his followers the time to act is now: “Please stop talking to yourself and ask yourself, ‘How many gold and silver coins and Bitcoins do I own?’
With Bitcoin up more than 4% recently after the rate cut, it would appear that finally, Kiyosaki’s comments start to gain traction. It remains to be seen if his claims of this day and age will fully materialize, but the message is as clear as daylight: those who prepare now by investing in real assets will be better positioned for the future.
