Robert Kiyosaki, creator of “Rich Dad Poor Dad,” has reiterated his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum whilst markets brace for a possible crash.
In a post published on Sunday
“The Crash is Coming: Why I Buy and Not Sell,” he wrote, setting ambitious goals of $27,000 for gold, $100 for silver and $250,000 for Bitcoin (BTC) by 2026.
Kiyosaki said his gold forecast comes from economist Jim Rickards, while his Bitcoin goal of $250,000 is in keeping with his long-held view of BTC as a hedge against the Federal Reserve's “counterfeit money.”
Kiyosaki stays bullish on Bitcoin, Ether, gold and silver. Source: Robert Kiyosaki
Kiyosaki becomes bullish on Ether and cites Tom Lee's call
Kiyosaki also becomes bullish on Ether (ETH). Inspired by Fundstrat's Tom Lee, Kiyosaki said he sees Ethereum because the blockchain that powers stablecoins, giving it a singular advantage in global finance.
He explained that his belief in these assets is predicated on Gresham's Law, which states that bad money drives out good, and Metcalfe's Law, which ties network value to the variety of users.
Kiyosaki, who claims to own each gold and silver mines, criticized the U.S. Treasury and Federal Reserve for “printing fake money” to cover debts and called the United States “the most important debtor nation in history.” He repeated his well-known mantra, “Savers are losers,” and urged investors to purchase real assets even during market corrections.
Meanwhile, on-chain data appears to support a possible turnaround in Bitcoin. Market evaluation platform Crypto Crib noted that Bitcoin's market value to realized value (MVRV) ratio, a key indicator of market value versus realized value, has returned to 1.8, a level that has historically preceded 30-50% recoveries.
Hayes says rising US debt will fuel Bitcoin rally
Last week, former BitMEX CEO Arthur Hayes said the Federal Reserve can be forced to interact in a type of “stealthy quantitative easing (QE)” as U.S. national debt continues to rise. He said the Fed would likely inject liquidity into the economic system through its standing repo facility to assist finance government debt, without officially calling it QE.
According to Hayes, this quiet balance sheet expansion will “have a positive impact on dollar liquidity” and ultimately drive up asset prices, particularly Bitcoin and other cryptocurrencies.
