Luxurious Dad Indigent Dad author Robert Kiyosaki doubled down on his bullish outlook for tough assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash.
In post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he was preparing for it by accumulating what he called “real money” assets.
“The crash is coming: why I’m buying and not selling,” he wrote, setting ambitious goals of $27,000 for gold, $100 for silver and $250,000 for Bitcoin (BTC) by 2026.
Kiyosaki said his gold forecast comes from economist Jim Rickards, while his $250,000 Bitcoin target is in line with his long-seen BTC as a protection against the Federal Reserve’s “fake money.”
Related: Bitcoin is having its IPO moment, says Wall Street veteran
Kiyosaki is bullish on Ether, citing Tom Lee’s call
Kiyosaki is also gaining ground on Ether (ETH). Inspired by the work of Fundstrat’s Tom Lee, Kiyosaki said he sees Ethereum as the blockchain powering stablecoins, giving it a unique advantage in global finance.
He explained that his belief in these assets stems from Gresham’s Law, which states that bad money drives out good money, and Metcalfe’s Law, which relates the value of a network to the number of users.
Kiyosaki, who claims to own both gold and silver mines, criticized the U.S. Treasury and the Federal Reserve for “printing fake money” to cover debts, calling the United States “the largest indebted country in history.” He repeated his well-known mantra that “savers are losers,” urging investors to buy real assets even during market corrections.
Meanwhile, on-chain data appears to support a potential turnaround for Bitcoin. Crypto Crib market analysis platform excellent that Bitcoin’s market value to realized value (MVRV) ratio, a key indicator of market value to realized value, has returned to 1.8, a level that has preceded 30-50% bounces in the past.
Related: The French government intends to consider a request for the “adoption of Bitcoin and cryptocurrencies”
Hayes says rising U.S. debt will fuel Bitcoin’s rally
Last week, former BitMEX CEO Arthur Hayes said the Federal Reserve would be forced to employ a form of “stealth quantitative easing (QE)” as the U.S. government’s debt continues to grow. He said the Fed would likely inject liquidity into the financial system through a standing repo facility to facilitate finance Treasury debt, without officially calling it QE.
According to Hayes, this peaceful balance sheet expansion will be “dollar liquidity positive,” ultimately pushing asset prices higher, particularly Bitcoin and other cryptocurrencies.
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