R. Kiyosaki explains why Bitcoin price is ‘about to explode’
R. Kiyosaki explains why Bitcoin price is ‘about to explode’ 
Cryptocurrency Sep 15, 2024 Share
Financial educator and author Robert Kiyosaki has doubled down on his support for Bitcoin (BTC), this time offering insights into why the maiden cryptocurrency will likely see a price explosion.
Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad, noted that Bitcoin, as well as precious metals such as gold and silver, will likely rally due to the upcoming Federal Reserve monetary policy, he said in an X post on September 15
The investor argued that when the Fed eventually cuts interest rates, the flow of money will shift from what he termed as “fake assets” like U.S. bonds to “real assets” such as gold, silver, real estate, and Bitcoin. In his view, investors holding the assets will likely get richer.
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“Bitcoin, gold, silver prices about to EXPLODE….As stated in my previous tweet…. you talkers….cowards discussing which is better…. Gold or Bitcoin…will be Big Losers… when Marxist Fed PIVOTS…cutting interest rates…and real assets go up in price…as fake money leaves fake assets,” Kiyosaki said.
Gold vs. Bitcoin debate
At the same time, he emphasized that the debate between Bitcoin and gold is irrelevant, likening it to a discussion of whether to own a Ferrari or Lamborghini while others are left with nothing.
His focus is on ownership of the assets rather than which is better, noting that they serve a similar role in protecting wealth, especially during economic hardships.
Kiyosaki also drew from his military background to remind investors of the motto “Acta non Verba” (Actions, not words). The author stressed that action is more important than talking in moments of financial uncertainty, encouraging investors to stop debating and start accumulating assets.
“Remember my lesson from military academy and the Marines. Acta non Verba.’ Your actions speak louder…than your words. Please stop talking to yourself and ask yourself ‘How many gold and silver coins and Bitcoins do I own?’ he paused.
To recap, Kiyosaki has long criticized the Fed’s policy, noting that the institution is responsible for skyrocketing inflation, which has led to economic instability.
Market crash warning
According to Kiyosaki, once the Fed pivots to lower interest rates, it will end “fake money” propping up assets like bonds. He warned investors to anticipate a possible major market crash and recommended investing in the three assets.
Additionally, the author has shown a preference for lithium mines, carbon credits, and other cryptocurrencies such as Ethereum (ETH) and Solana (SOL).
In line with a warning about the financial crisis, Kiyosaki has also raised the alarm regarding the skyrocketing U.S. debt, which he believes gives credence to investment in Bitcoin, gold, and silver.
Indeed, these assets have exhibited strong performance amid the prevailing economic uncertainty. Gold, for instance, has hit an all-time high of above $2,500.
Bitcoin price analysis
After experiencing a correction below the $60,000 mark, Bitcoin has recently made minor recoveries as it searches for a new all-time high. The flagship digital asset was valued at $59,927 at press time, with less than 0.1% daily gains.
Bitcoin seven-day price chart. Source: Finbold
Despite these gains, analyst Alan Santana has cautioned that Bitcoin’s chart shows bearish signals. He pointed out that technical indicators suggest Bitcoin may be heading toward lows in the range of $53,500 to $39,000, as reported by Finbold on September 14.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
