Robert Kiyosaki predicts gold, silver and Bitcoin (BTC) prices will strengthen. This prediction is based on optimism that if Donald Trump wins to become President of the United States (US), this will be the driving force for the increase in these three assets.
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He said that a weaker dollar was needed so that the United States (US) could start exporting more than importing. With a weaker dollar, jobs will return and asset prices will rise, Kiyosaki said.
According to Kiyosaki, this economic adjustment will not only increase export growth but will also push up the prices of gold, silver, Bitcoin, stocks and real estate. He predicts the price of gold will rise from US$2,400 to US$3,300 per ounce, silver from US$29 to US$79 per ounce, and Bitcoin from US$67,400 to US$105,000 per coin by August 2025.
Kiyosaki believes that if Trump becomes US President, he will make the US dollar weak.
Trump Policy and the Crypto Industry
When Trump was in charge, Bitcoin surged around 3,796% followed by a hands-off strategy that proved to be a significant catalyst for Bitcoin, and the market more generally.
The lack of strict regulations under the Trump administration has allowed for greater expansion in the crypto space, fostering an environment where Bitcoin and blockchain projects can thrive relatively unimpeded.
Trump's economic policies, including tax cuts and deregulation, also contributed to a favorable investment climate, which indirectly benefited Bitcoin.
Furthermore, asset manager Bryan Courchesne recently appeared on CNBC to discuss the potential for Bitcoin to become a strategic reserve asset for the US government under a future Trump administration.
According to the asset manager, adopting Bitcoin as a reserve asset will be difficult but not impossible. Courchesne pointed to the Justice Department's large holdings of 200,000 BTC, making the US government the second-largest holder of Bitcoin after its pseudonymous creator, Satoshi Nakamoto.
Courchesne explained that the Justice Department could easily transfer the Bitcoin to the United States Treasury, paving the way for the Treasury to begin accumulating and holding the scarce asset long-term.
Trump's choice of JD Vance, a 39-year-old Bitcoin holder, as his running mate also strengthens speculation that a future Trump administration could mean a new era for crypto, one in which Bitcoin is fully integrated in the current financial system.
Quoted from Coin Telegraph, Billionaire investor Mark Cuban also envisions a scenario where widespread inflation and geopolitical instability drives the global population to turn to Bitcoin as a refuge to secure their life savings and purchasing power, making Bitcoin an organic global reserve currency.
Data from high-inflation countries such as Argentina, Venezuela and Turkey show that this is already starting to happen, with the population turning to cryptocurrencies as a hedge against inflation.
Amid various positive projections towards Bitcoin, Peter Schiff, a well-known critic of cryptocurrencies, has responded to Kiyosaki's predictions with skepticism. Schiff argued that while a weaker U.S. dollar might benefit some Americans financially, it could ultimately make the country poorer.
Schiff predicted that such a shift would lead to higher oil prices, despite an increase in domestic drilling. He also suggested that while gold and silver may outperform Kiyosaki's predictions, Bitcoin could decline in value.
The debate between Kiyosaki and Schiff raises significant questions about the future of the US economy and the role of cryptocurrencies.
