Amid his repeated warnings about a potentially devastating economic crisis, popular investor and finance author Robert Kiyosaki has sounded alarm on, as he called it, “fake money” controlled by “Marxists” in the American government, as well as the lengthy inflation at the country’s doorstep.
Indeed, Kiyosaki voiced his opinion that the current United States President, Joe Biden, had “caused inflation to rise, making life harder for the poor and middle class” after cutting the Keystone XL pipeline, which “caused the price of oil to rise from $30 to $130 in just one week,” per his X post on June 9.
Inflation taking hold
Furthermore, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ warned that “inflation will be with us for years” despite his belief that Biden will not win the presidential elections, as he argued that the “liberal academic ‘swamp’ that brought the Biden crime family to power… are still in power.”
For this reason, as well as his conviction that the ruling establishment in the US, or as he called them, “Marxists,” control “politics and fake money,” referring to the US dollar, but that they “cannot control real money,” or gold, silver, and Bitcoin (BTC), which he is accumulating as a safeguard against them.
Robert Kiyosaki’s favorite assets
As a reminder, Kiyosaki has long shared his preference for precious metals and the flagship decentralized finance (DeFi) asset and the world’s first cryptocurrency, praising them as ideal investments to protect oneself against what he sees as the US government’s incompetence.
In particular, he has recently opined that Bitcoin could hit the price of $350,000 by the end of August 2024, as well as predicting that other popular crypto assets, including Ethereum (ETH) and Solana (SOL), could witness a continuous increase in prices.
Meanwhile, Kiyosaki’s favorite asset in the crypto market was at press time changing hands at the price of $69,255, up 0.03% in the last 24 hours, advancing 0.76% across the previous seven days, as well as adding up to the accumulated gain of 14.16% on its monthly chart, as per data on June 10.
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