Renowned investor and author Robert Kiyosaki, known for his dire predictions of an impending economic downturn, has recently raised concerns about various issues. He warns of a deepening banking crisis and escalating geopolitical tensions, suggesting that US authorities may exploit these circumstances to introduce a central bank digital currency (CBDC) for increased surveillance, as noted in a recent post on February 25.
Please be careful. Banking crisis worsens. Threat of war grows. Cental banks will push for CBDC, Cental Bank Digital Currency, to SPY on us. I am buying more Bitcoin and silver coins. Silver biggest bargain. I will use silver as money not US fake dollars
— Robert Kiyosaki (@theRealKiyosaki) February 25, 2024
Kiyosaki advocates for a strategy to mitigate these risks, emphasising the importance of acquiring more Bitcoin (BTC) and silver coins. He particularly highlights silver as a significant investment opportunity, intending to use it as a currency alternative to the US dollar.
While Kiyosaki has traditionally favoured decentralised finance (DeFi), along with precious metals like gold and silver, he appears to have shifted focus away from gold, citing potential price declines. In contrast, he remains bullish on Bitcoin and silver, foreseeing significant growth potential, with Bitcoin potentially reaching $100,000 by June 2024, according to previous reports.
Currently, Bitcoin is trading at $51,318, showing a slight decline over the past 24 hours but maintaining a notable gain on its monthly chart, despite a slight decrease over the past week, according to data as of February 26th.