Get ready for inflation Robert Kiyosaki warns of impending fake money crisis

Renowned investor and finance author Robert Kiyosaki has raised concerns about the current economic situation, referring to what he calls “fake money” controlled by “Marxists” in the American government and the looming threat of inflation.

Kiyosaki criticized President Joe Biden for causing inflation to spike by cutting the Keystone XL pipeline, resulting in a sharp increase in oil prices from $30 to $130 in just one week, as mentioned in his recent post on June 9.

The author of the popular personal finance book ‘Rich Dad Poor Dad’ warned that inflation is here to stay for the foreseeable future, even if Biden does not win the upcoming presidential elections. He believes that the entrenched liberal establishment that brought the Biden administration to power is still in control.

Expressing his distrust in the ruling establishment and their control over the US dollar, Kiyosaki emphasized the importance of investing in real assets like gold, silver, and Bitcoin (BTC) to protect against economic uncertainties.

Kiyosaki has consistently advocated for precious metals and cryptocurrencies as safe investments in the face of government mismanagement. He predicts that Bitcoin could reach $350,000 by August 2024 and anticipates continuous growth in other popular cryptocurrencies like Ethereum (ETH) and Solana (SOL).

At the time of writing, Kiyosaki’s preferred cryptocurrency was trading at $69,255, showing slight gains over the past 24 hours and a steady increase over the previous week and month, according to data from June 10.

Disclaimer: The information provided in this article is not financial advice and should not be taken as such. Investing in any asset carries risks, and individuals should exercise caution when making investment decisions.