Robert Kiyosaki weighs in again on the future of finance. He warns against relying on fiat currencies and suggests alternatives like Bitcoin and precious metals.
Predictions for Silver Prices
Among all the assets Kiyosaki recommends, he is particularly optimistic about silver in the short term. He believes this precious metal is undervalued and expects its price to rise in the coming years. Currently, silver is trading at around $35 an ounce, but Kiyosaki predicts it could reach $70 before the end of the year, and may even rise to $200 an ounce in the next year or two.
Bitcoin and the Fear of Mistakes
Kiyosaki, a big Bitcoin supporter, views this cryptocurrency as one of the greatest opportunities to build wealth and hedge against inflation. However, many miss out due to fear. He noted that many investors experience fear of making mistakes (FOMM), which prevents them from taking action even when Bitcoin's value rises.
Kiyosaki Urges Learning from Experts
Robert Kiyosaki emphasizes the importance of self-education in finance and recommends listening to both Bitcoin supporters and critics to make informed decisions. He suggests following experts like Michael Saylor, Jeff Booth, and Samson Mow. Kiyosaki highlights that traditional education's value is diminishing and encourages seeking knowledge from free resources like YouTube, where one can learn from experienced professionals.
Robert Kiyosaki asserts that traditional money is losing value due to inflation. He believes people should take control of their financial future by investing in assets like silver and Bitcoin.
