“Everything will collapse, including gold, silver and bitcoin prices. Don’t panic,” they say
Renowned US investor and author Robert Kiyosaki believes confidence in the US dollar “will be destroyed”, he said in a message posted on his official Twitter account on Monday.
“A giant crash is coming. A possible crisis. The Fed [US Federal Reserve] has been forced to print billions in counterfeit money,” the text reads. “By 2025, gold [will be] at $5,000, silver at $500 and bitcoin at $500,000,” it adds.
He says this is because “faith in the US dollar, in counterfeit money, will be destroyed”. By contrast, he believes that gold and silver are “the money of the gods”, while bitcoins are “the money of the people”.
Three days earlier, Kiyosaki tweeted that “the crash is already here”, and gave as an example the massive layoffs of workers by large technology companies. “Everything will collapse, including gold, silver and bitcoin prices. Don’t panic. Good news. I will buy more gold, silver and bitcoin, real money with fake dollars,” he wrote.
Earlier this month, the author of the popular book ‘Rich Dad, Poor Dad’ claimed he is “very excited” about bitcoin because it falls into the category of commodities like gold, silver, oil, and revealed that he is buying more bitcoins.
Meanwhile, he noted that investing in other crypto assets, most of which are classified as securities, will not be safe, as these will be “crushed” by the US Securities and Exchange Commission through regulatory action.
On Monday, the value of bitcoin stood at $21,626 a unit, after registering a fall of around 0.3 per cent. This means the cryptocurrency costs less than 60 per cent of its all-time high, recorded in late 2021.
Source: RT.
