Best-selling author Robert Kiyosaki says that the US is about to experience out-of-control inflation that will have devastating impacts on personal wealth.
In a post on the social media platform X, the Rich Dad Poor Dad author tells his 2.7 million followers that a sudden lack of demand for US bonds is resulting in money printing, which debases the dollar.
“The end is here: what if you threw a party and no one showed up? That is what happened [May 20th]. The Fed held an auction for US Bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money. The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially.”
Kiyosaki also says that silver, gold and Bitcoin (BTC) are a hedge against rising inflation, and he predicts massive price targets for the assets as a result.
“Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500,000 to $1 million… The end I have been warning the world about is here. May God have mercy on our souls.”
Lastly, he says that the dwindling supply of available BTC for sale will drive the flagship crypto asset’s price higher.
“I cannot believe how easy Bitcoin has made getting rich, so easy. Why everyone is not buying and holding Bitcoin is beyond me. Even .01 of a Bitcoin is going to be priceless in two years – and maybe make you very rich. Sure, Bitcoin goes up and down, but so does real life. There are only one or two million Bitcoin left to be mined, and the price will go as [macro guru and Real Vision CEO] Raoul Pal describes as into the ‘Banana Zone.'”
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