Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” has predicted a significant surge in the prices of Bitcoin BTC/USD, gold, and silver if former President Donald Trump wins the 2024 election.
What Happened: Kiyosaki took to X to share his forecast. He suggested that a Trump presidency would lead to a weaker dollar, boosting exports and job creation, and consequently driving up the prices of assets like Bitcoin, gold, and silver. Kiyosaki also predicted a decrease in oil prices if Trump is re-elected, further contributing to the rise in asset prices.
Kiyosaki compared Trump’s policies to those of President Joe Biden, stating that Biden’s actions led to a significant increase in oil prices, causing inflation that adversely affected the poor and middle class.
Kiyosaki wrote that Trump will “Make America Great Again.” The author predicted that the former president would adopt the slogan “Drill, baby, drill,” a line echoed during Trump's speech at the Republican National Convention.
He concluded his post by predicting that the price of gold would rise from $2,400 an ounce to $3,300, silver from $29.00 an ounce to $79.00, and Bitcoin from $67,400 per coin to $105,000 by August 2025 if Trump is re-elected.
Why It Matters: Kiyosaki’s predictions are rooted in his long-standing advocacy for Bitcoin and precious metals. Recently, he urged investors to buy more Bitcoin and precious metals to “turn a bad hand into a great hand.” He warned that millions could lose out if they don’t heed his advice.
The potential impact of Trump’s policies on global markets is significant. Analysts have warned that a second term for Trump could trigger global inflation, driven by his “America-first” policies. These policies, characterized by high tariffs and low taxes, could have a more pronounced inflationary effect if repeated.
Moreover, Trump’s comments on Taiwan and Biden’s trade restriction plans have already caused a selloff in semiconductor stocks, highlighting the market’s sensitivity to geopolitical developments.
It’s worth noting that Kiyosaki and Trump have a history of collaboration, having co-authored a book and produced financial education videos together. Their shared views on real estate and economic policies have been well-documented.
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Image created using photos on Flickr and Shutterstock
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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