Robert Kiyosaki: Bitcoin Price 'About to Explode' as Fed Cuts RatesRich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors should abandon “fake assets” and turn to real ones like bitcoin, gold, and silver. Kiyosaki also highlighted rising inflation, warning of its impact on retirees and urging decisive investment in real assets.Kiyosaki’s Forecast: Bitcoin, Gold, and Silver Poised to SkyrocketFinance author and entrepreneur Robert Kiyosaki, best known for his “Rich Dad Poor Dad” book, shared his outlook on the prices of gold, silver, and BTC on social media platform X this week as the Federal Reserve cut interest rates. His book, Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, has sold over 32 million copies in 51 languages across 109 countries and remained on the New York Times Best Seller List for more than six years.
The famous author wrote:
Bitcoin, gold, silver prices about to explode.
Kiyosaki predicted that interest rate cuts by the Fed will push investors away from fake assets like U.S. bonds toward real assets. Referencing his previous X post, he explained that those debating whether gold or BTC is better are talkers and cowards, predicting they will suffer losses when the Fed cuts interest rates and real asset prices surge. “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 such as U.S. bonds, fleeing to real assets such as real estate, gold, silver, and bitcoin,” he opined.
The acclaimed author dismissed arguments over whether gold or BTC is superior, likening them to people arguing about Ferraris or Lamborghinis while riding the bus. He urged his followers to take decisive action, emphasizing: “Those who own real gold, silver, and bitcoin will get richer … able to afford Ferraris or Lamborghinis … while talkers who take the bus say to themselves: ‘I really do not like either Ferraris or Lamborghinis.'” He advised people to stop talking and act by buying real assets before the Federal Reserve pivots.
Kiyosaki also pointed to rising inflation as the reason many baby boomers are being forced out of retirement. He shared a conversation with a boomer friend who told him that inflation had “eaten away their 401(k)” and that retirees could no longer afford to live on their savings. He attributed this to the Federal Reserve’s money-printing policies: “Lesson #1. When Fed prints money, the rich get richer … poor and middle class grow poorer.” Kiyosaki emphasized that printing more money causes essential items like food, fuel, and housing to become more expensive, which he believes is why many retirees are returning to work.
Source: https://news.bitcoin.com/robert-kiyosaki-bitcoin-price-about-to-explode-as-fed-cuts-rates/
