Introduction
Renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, continues to sound the alarm on a potential economic crash and the weakening of the United States dollar (USD). In a recent episode of ‘The Rich Dad Channel’ streamed on January 24, Kiyosaki emphasized why Bitcoin (BTC) and silver should be essential components of everyone’s investment portfolio.
Bitcoin’s Success and Kiyosaki’s Beliefs
During the discussion with Miles Franklin Precious Metals Investments CEO Andy Schectman and Charles Goyette, author of ‘Red and Blue and Broke All Over,’ Kiyosaki acknowledged his limited knowledge of Bitcoin but expressed faith in its long-term success. He attributed his confidence to the “very smart people” who have invested in and backed the flagship decentralized finance (DeFi) asset. Kiyosaki has often emphasized the importance of diversifying one’s holdings by including “gold, silver, and Bitcoin” in their investment strategy.
Bullish Predictions and Bitcoin’s Performance
As a known advocate of Bitcoin, Kiyosaki has made optimistic forecasts, suggesting that the price of the leading cryptocurrency could soar up to $1 million in the event of a global economic collapse. However, he later corrected these predictions. Nonetheless, he continues to advise his followers to monitor the Bitcoin halving closely.
Bitcoin’s Recent Performance
As of January 29, the market capitalization of Bitcoin stood as the largest asset in the cryptocurrency industry. While its price experienced a 0.73% decline in the past 24 hours, Bitcoin still recorded a 4.06% gain over the previous seven days and a 1.22% increase in the last month, with a trading value of $42,284 according to Finbold data.
Remember, it is in your best interest to consult with a financial advisor or conduct thorough research before making any investment decisions.