Robert Kiyosaki favored gold, silver and bitcoin in an interview with Stansberry Research. And the first cryptocurrency is one of the preferred investment options due to distrust in the US Federal Reserve (Fed) and the Treasury Department.
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“I like bitcoin because we have a common enemy – the federal government, the Treasury, the Fed and Wall Street. I don’t trust them. If you trust, then save your dollars and you’ll get a promissory note,” Kiyosaki said.
The entrepreneur called gold and silver “God’s money” and bitcoin “the people’s dollar”. Kiyosaki believes that silver as a precious metal becomes increasingly rare as it wears out, so it’s best suited for long-term investments.
In a worst-case scenario – the collapse of the global economy – bitcoin could soar to $1 million. The investor is confident that a BTC bull rally is just around the corner.
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“Bitcoin is aiming for $100 000.. Bad news: if the stock and bond markets crash, gold and silver prices will skyrocket. It’s even worse if the world economy collapses. Bitcoin would then be worth a million, gold could be bought for $75 000, and silver for $60 000. The national debt is too high. All people are in trouble. I hope I’m wrong,” the scandal-plagued author tweeted.
The businessman recently suggested that bitcoin will hit $120 000 as early as next year, urging people to invest in the cryptocurrency. Kiyosaki believes the BRICS countries’ own currency will put strong pressure on the US dollar.