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Robert Kiyosaki predicts market crash again, bets on gold at $27K and Bitcoin at $250K - Crypto news

Robert Kiyosaki predicts market crash again, bets on gold at $27K and Bitcoin at $250K

Synopsis

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has sounded another warning of an impending market crash, but says he’s not selling. In a post on X (formerly Twitter) on Sunday, Kiyosaki wrote, “CRASH COMING: Why I am buying not selling,” as he set bold targets of $27,000 for gold and $250,000 for Bitcoin by 2026, while accusing the U.S. Treasury and Federal Reserve of “printing fake money.”

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has sounded another warning of an impending market crash, but says he’s not selling. In a post on X (formerly Twitter) on Sunday, Kiyosaki wrote, “CRASH COMING: Why I am buying not selling,” as he set bold targets of $27,000 for gold and $250,000 for Bitcoin by 2026, while accusing the U.S. Treasury and Federal Reserve of “printing fake money.”

Kiyosaki said his confidence in gold and Bitcoin is rooted in what he calls the “laws of money.” “My target price for Gold is $27k. I got this price from friend Jim Rickards….and I own two goldmines,” he wrote, adding that he began buying gold in 1971 — the year President Richard Nixon took the U.S. dollar off the gold standard.

“Nixon violated Gresham’s Law, which states ‘When fake money enters the system….real money goes into hiding,’” Kiyosaki said. “That is why I keep buying gold, silver, Bitcoin, and Ethereum even when they crash.”
He also laid out ambitious forecasts for other assets: “Silver $100 in 2026. I own silver mines and I know new silver is scarce. Ethereum $60. I got this from Tom Lee.”
Crypto TrackerTOP COINS (₹) Tether89 (0.04%)Bitcoin9,021,637 (-0.65%)BNB87,372 (-0.95%)Ethereum300,981 (-1.44%)XRP201 (-2.26%)

“I follow the laws of money”

The 78-year-old investor said he bases his investment strategy on “Gresham and Metcalf’s laws.” Referring to Metcalfe’s Law, which explains the exponential value of networks, Kiyosaki said Ethereum’s role as “block chain for Stable coins” makes it a long-term winner.

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      link to post: https://x.com/theRealKiyosaki/status/1987387131174535335?t=HV2heZ_zgttymy8P1EbjpA&s=03

      Blasting the Fed and Treasury

      Kiyosaki reserved his harshest criticism for U.S. policymakers. “Unfortunately the US Treasury and Fed break the laws. They print fake money to pay their bills. If you and I did what the Fed and Treasury are doing….we would be in jail for breaking the laws,” he wrote.

      “Today the USA is the biggest debtor nation in history and why I have been warning ‘Savers are losers,’” he added.

      His latest remarks extend a long-running theme of distrusting fiat money and betting on scarce assets. For Kiyosaki, every crash is not a cue to panic, it’s a buying opportunity.
      Also read | Fab 7 isn’t a bubble: Ansid Capital’s Anurag Singh says big tech still has legs, but India needs a year of cooling off

      (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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