[The author of "Rich Dad Poor Dad" believes that major inflation is coming and calls Bitcoin a safe haven]
Robert Kiyosaki, a well-known Bitcoin advocate and author of Rich Dad Poor Dad, recently took to social media X to express his views on the growing inflation in the United States. Kiyosaki said he was shocked by how fast and high inflation was. Although he has enough financial resources to support himself and his business, he sympathizes with those who cannot afford daily living expenses, let alone invest in Bitcoin, gold and silver.
He believes that the U.S. government, the Federal Reserve, and the Treasury Department are to blame for the current economic situation. In the past few years, Kiyosaki has continued to criticize the Federal Reserve for printing trillions of dollars of "fake money" and called Bitcoin (BTC) "the people's currency" (because its creator Satoshi Nakamoto limited its total supply to only 21 million). This year, he also began criticizing financial authorities for causing a sharp rise in the U.S. national debt. In June, the President of the United States lifted the national debt ceiling, and the national debt currently exceeds $31 trillion.
Kiyosaki expects hyperinflation in the United States. He recalled the inflation in Germany a hundred years ago and called attention to the hyperinflation in Zimbabwe, anticipating that the United States may face a similar situation. He believed that the head of state of the United States was incompetent in economic management.
Regarding current US inflation, the official forecast at the beginning of the year was that the inflation rate would fall to 3.7% from 6.2% last year, and the inflation rate in October 2023 has dropped to 3.3%.
No matter how bad things get, Kiyosaki firmly believes that Bitcoin, gold and silver are still the best investment assets. Currently, Bitcoin is trading at $37,490. Many experts expect that the price of BTC will rise significantly after the scheduled Bitcoin halving in April to May next year, and is expected to increase at least 6 times to reach $220,000.
