Robert Kiyosaki: Choose Bitcoin, Gold and Silver over ETFs

Robert Kiyosaki, the author of the famous Rich Dad Poor Dad, recommends that investors choose Bitcoin, gold and silver over a diverse stock portfolio. According to the investment legend, it is very risky to invest in times of great uncertainty exchange traded funds (ETFs) to invest.

Economic depression

This advice from Kiyosaki follows on from his previous prediction of an economic depression. According to the famous author, people will lose confidence in the US dollar en masse as the Federal Reserve has to keep printing billions of dollars. For that reason, the investor expects people to flee to gold, silver and Bitcoin.

As a result of that flight, Kiyosaki expects a Bitcoin price of $ 500,000 in the year 2025. Incidentally, Kiyosaki is not the only reputable investor who expects an economic crash. Michael Burry, known from The Big Short, who predicted the housing crash in 2007, also currently expects the market to face a collapse comparable to the dotcom bubble.

Insecure times

The macroeconomic picture is currently extremely twofold. On the one hand, the US central bank raises interest rates to fight inflation. There is a chance that we will have two more increases of 0.25 percent from the current interest rate of 4.50 to 4.75 percent. The strong US job market is forcing the Federal Reserve to raise interest rates perhaps a bit more than they would like.

Higher interest rates cause companies to invest less and individuals to borrow less money, reducing the pressure on inflation. Ultimately, unemployment will have to go up a bit to really take the pressure behind inflation away.

On the other hand voted the US Congress in December 2022 a support package of USD 1.7 trillion. Furthermore, there are currently negotiations underway to raise the US government debt ceiling. Two measures that, in contrast to the interest rate hikes, have a negative effect on the value of the dollar.

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