Robet Kiyosaki, author of the book "Rich Dad Poor Dad", recently shared a number of insights with his followers on social media.
In a recent post on social media X, Kiyosaki stated that the best time to become rich is approaching.
In a post on July 3, Kiyosaki wrote, “Boom going bust: Technical charts show the biggest crash in history is coming. Real estate, stocks, bonds, gold, silver, & Bitcoin prices plummeted.”
However, Kiyosaki also highlighted that the right time to buy cheap goods will follow after the fall
"Technical charts suggest a major long-term bull market cycle will follow... starting a bull market rally in late 2025, driving up prices for years," he explained.
He then pointed to three assets that would benefit significantly from a bull market cycle: gold, silver, and bitcoin.
Kiyosaki's positive view of these assets stems from his lack of confidence in the US and fiat currencies.
"Gold might hit US$ 15,000 per ounce. Silver might hit US$ 110,00 per ounce. Bitcoin could easily hit US$ 10 million per coin," he wrote.
Considering that gold is currently trading at US$ 2,424 per ounce, silver at US$ 29 per ounce, and Bitcoin at around US$ 66,200 per coin, these estimates imply a 519% rise in gold, a 279% rise in silver, and a 15,000% rise that surprising on bitcoin
Kiyosaki did not specify a time frame for this prediction, indicating that investors may need to be patient as he expects a long-term bull market cycle.
In a post on July 23, 2024, Kiyosaki provided another set of price targets for these assets, this time with a time frame, based on the prospects of former president Donald Trump winning the November election.
"I predict gold will rise from US$ 2,400 per ounce to US$ 3,300; silver from US$ 29.00 per ounce to US$ 79.00; and Bitcoin from US$ 67,400 per coin to US$ 105,000 in August 2025, " he wrote.
