Rich Dad Robert Kiyoaski: Best Bet in a Boom or Bust Economy Is Bitcoin
2024-12-25
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The economy is chugging along nicely, with real GDP rising in the third quarter over the second quarter of 2024.
That’s according to data from the US Bureau of Economic Analysis.
Kiyosaki warned on Sunday, however, that the economy could plunge into a depression next year. “Global crash has started. Europe, China. USA going down. Depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hang on to your job and your money.”
Global crash has started. Europe, China. USA going down . Depression ahead?
Please be smarter with your money. Hang on to your job and your money.
Biggest problem are our leaders and educators. As I have often asked “What did school teach you about money?”
Regardless of…
— Robert Kiyosaki (@theRealKiyosaki) December 23, 2024
And by money, the bestselling “Rich Dad, Poor Dad” authormeansBitcoin and gold. He’s not alone in fearing economic trouble ahead. Despite the strong GDP numbers this year, some analysts fear Trump’s aggressive trade policies could slow growth and lead to a recession.
Peter Berezin, the chief global strategist for BCA Research, warned in November that Trump’s proposed import tariffs will leave the economy with a 75% chance of recession.Kiyosaki Boosts Bitcoin for Economic Meltdown
Kiyosaki says all hope is not lost in a bad economy. “For many people, crashes are the best times to get rich,” he said. “I plan on getting richer. I want you to get richer and smarter, too. Take care.”
Earlier this month, the financial authorsuggested thatBitcoin’s price could crash to $60,000 from its current levels of around $100,000.
Fundstrat’s Tom Lee is also worried about a massive pullback from these current highs. But Kiyosaki said he’s not selling because he expects the cryptocurrency to reach $250,000 in 2025.
BITCOIN to CRASH
Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens I will not sell. BTC will be having a sale. I will buy more.
I predict Bitcoin will settle around $250 in 2025.
At this stage of the BTC process… price is not…
— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024
“At this stage of the BTC process… price is not as important… as how many BTC you acquire,” he said.A Booming 2025 Could Wreck Fiats Like USD
Despite some recession warnings, most economists expect business to boom in 2025. Apollo Global Management’s chief economist, Torsten Sløk, projects a 0% recession forecast for the U.S. in 2025.
Either way, Bitcoin could be your most important savings vehicle. According to Kiyosaki, BTC holds its value whether the economy is slowing or growing. That’s because when the economy slows, investors rush to Bitcoin as a macro hedge on future uncertainty. When the economy booms, fiat inflation soars, and as a result, so does Bitcoin’s price.
“Regardless of which way economy goes, gold, silver, and Bitcoin hold their value,” Kiyosaki said.