Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’

Rich Dad Poor Dad author Robert Kiyosaki says that Bitcoin (BTC), gold and silver are on the cusp of skyrocketing.

In a new thread on the social media platform X, the best-selling author says that if the Federal Reserve cuts interest rates during the next Federal Open Market Committee (FOMC) meeting, the trio of assets will explode and fiat money will plummet as capital flees toward “real assets.”

“Bitcoin, gold, silver prices [are] about to EXPLODE…. When [the] Fed pivots, cutting interest rates, real assets [will] go up in price as fake money leaves fake assets such as US bonds…

Fleeing to real assets such as real estate, gold, silver, and Bitcoin… It really matters little which is better, gold or Bitcoin. That would [be] like people discussing which car is better: Ferrari or Lamborghini?”

The Fed is currently expected to lower interest rates by at least 25 basis points at the next FOMC meeting, which is scheduled for September 18th.

Earlier this year, Kiyosaki said that store-of-value assets will see massive growth as more and more investors lose faith in the dollar.

“They know this long cycle bull market is coming because they know faith and confidence in FAKE money is dissolving. They know history will repeat. They know what [happened] to Germany’s Reichsmark and the Zimbabwe dollar. They know more and more people are finally waking up.

They know… after the crash….the long cycle bull market for gold, silver, and Bitcoin will begin. They know, after the crash…. gold, silver, Bitcoin will once again begin climbing to hit all-time highs.”

Bitcoin is trading for $58,495 at time of writing, a 2.72% decrease during the last 24 hours.

Generated Image: DALLE3