Robert Kiyosaki: Focus on Owning Bitcoin, Gold, and Silver
In a recent tweet, billionaire entrepreneur Robert Kiyosaki emphasized the importance of owning Bitcoin rather than fixating on its price. He believes that the question of how many Bitcoins you have today is more significant than speculating about its future value.
Kiyosaki dismisses questions about future prices of gold, silver, or Bitcoin as irrelevant. Instead, he urges people to focus on accumulating these assets today while they are still undervalued. According to him, gold, silver, and Bitcoin are currently bargains. Kiyosaki also points out that America is in dire financial straits.
— Robert Kiyosaki (@theRealKiyosaki) September 19, 2023
Kiyosaki has long been a proponent of Bitcoin and considers it a worthwhile investment. He also includes gold and silver as valuable assets, possibly due to their historical role as stores of wealth during economic hardships.
The Suppression of Precious Metal Prices
There is a belief among many experts that gold and silver prices have been artificially suppressed for years. Commercial banks allegedly manipulate prices through short positions on the COMEX exchange. When prices reach certain levels, these banks flood the market with selling orders to drive down prices and then purchase the metals at reduced rates.
The existence of futures paper markets enables such manipulation, preventing gold and silver prices from rising freely. One might wonder how high their prices would soar and how fiat currencies would plummet if they were subject to true market forces.
Considering the possibility of an economic recession or worse, Kiyosaki’s prediction that the prices of gold, silver, and Bitcoin will increase next year seems plausible. This is especially relevant if the Federal Reserve is compelled to cut interest rates.
The Rising Threat of CBDCs
However, the emergence of Central Bank Digital Currencies (CBDCs) poses a significant concern. If governments implement these digital payment systems, they could restrict citizens from purchasing gold, silver, and Bitcoin with CBDCs. Such currencies could also be used to control various other transactions that go against government preferences. For instance, spending limits could be imposed, funds could disappear after a certain period, and a social credit system similar to China’s could be integrated into digital wallets.
Kiyosaki recently stated that crypto is the future while fiat money is doomed. Although he may be correct in his assessment, the recent conversion of customer deposits into tokens by Citi Bank suggests that CBDCs are not far off.
Hot Take: Accumulate Bitcoin, Gold, and Silver Today for a Secure Future
Robert Kiyosaki’s emphasis on acquiring Bitcoin, gold, and silver today rather than obsessing over their future prices holds merit. These assets are currently undervalued and can serve as a hedge against financial instability. With concerns about suppressed precious metal prices and the looming threat of CBDCs, it is crucial to diversify your portfolio with these tangible and decentralized assets. By focusing on accumulating Bitcoin, gold, and silver, you can secure your financial future and protect your wealth from potential economic downturns or government restrictions.
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