Financial expert Robert Kiyosaki has issued a cautionary note regarding conventional currencies, urging his followers to invest and save in alternative assets such as precious metals and cryptocurrencies.
The author of “Rich Dad Poor Dad” has singled out silver as his top investment recommendation for the near future.
“For many, many years, I have advised against saving ‘fake money,’ also known as FIAT currency,” Kiyosaki remarked in a post on X. “I have long recommended that people save authentic gold and silver coins… and more recently, Bitcoin (BTC). Sadly, the majority of people continue to earn and save ‘fake money.’”
Kiyosaki underscored his conviction that those who save traditional currencies are likely to face diminishing purchasing power due to what he refers to as “government theft, commonly known as inflation.” He urged his followers to focus on accumulating gold, silver, and Bitcoin as protections against this decline in value.
Kiyosaki shows excitement for silver
Among the alternatives, Kiyosaki expressed particular enthusiasm for silver’s potential in the coming months. “Currently, silver is around $35 an ounce. I believe it may reach $70 an ounce this year and $200 in one to two years,” he stated.
The financial educator pointed out silver’s wide accessibility, asserting that nearly everyone can afford at least one silver coin today, but that may not be the case tomorrow.
In a tweet from March 24, he addressed psychological barriers that hold people back from investing in assets like Bitcoin.
“We often hear about FOMO: Fear Of Missing Out. Yet…the main reason individuals remain in a state of poverty is FOMM: Fear of Making Mistakes,” he explained. He contended that Bitcoin provides an accessible route to wealth, but many will overlook this chance due to their fear of making wrong choices.
Kiyosaki predicted that “those who follow the FOMO trend in Bitcoin investing will thrive and build generational wealth,” while “the FOMM crowd will delay until Bitcoin surpasses $200k this year, only to claim, ‘Bitcoin is too pricey.’”
The financial expert urged his audience to perform their own research by engaging with both proponents and critics of Bitcoin. He recommended following influential figures like Jeff Booth, Michael Saylor, and Samson Mow.
Kiyosaki further stressed that “the most valuable financial education today is not found in schools or on Wall Street,” but is readily accessible through resources like YouTube.