Did you think we could end the year without some interesting quotes from Robert Kiyosaki? Even Christmas is not safe from his predictions. His best-selling book Rich Dad, Poor Dad was published 25 years ago, but the author remains relevant by sharing his unvarnished opinion about X.
His predictions focus on traditional finance and cryptocurrencies. Here are his top three predictions for 2024.
1 | Bitcoin could be worth $120,000
Kiyosaki’s first prediction concerns Bitcoin and the US dollar. The American author predicts that the BRICS countries, consisting of Brazil, Russia, India, China and South Africa, will introduce a gold-backed cryptocurrency.
This cryptocurrency could symbolize the possible decline of the US dollar.
According to Kiyosaki, Bitcoin and precious metals, including gold and silver, are likely to benefit. In the most extreme case, Bitcoin could reach a new all-time high of $120,000.
“The US dollar will die. Trillions of dollars will come home. Inflation will skyrocket. Buy gold, silver. Bitcoin to 120,000 next year.”
2 | Redistribution of the investment portfolio
Kiyosaki say that the original formulas are no longer correct. Traditional investment wisdom suggests that 60% of a portfolio consists of bonds and 40% of stocks. Kiyosaki doesn’t expect this kind of distribution to be good in 2024.
Instead, he suggests a radical shift to a portfolio composed of 75% gold, silver and Bitcoin, with the remaining 25% invested in real estate or oil stocks. According to the author, this unconventional mix is intended to help investors survive what he calls “the biggest crash in world history.”
“By 2024, 60/40 investors will be the biggest losers.” Before you sink the ship, consider switching to 75% gold, silver, Bitcoin and 25% real estate/oil stocks. This mix can help you survive the biggest crash in world history.”
3 | The market will collapse
Kiyosaki’s third prediction is a warning about the possible severity of the impending market crash. He turned down the idea of a soft landing and says that a hard landing is more likely and could result in a full-blown economic crisis.
Since 2024 is an election year in the US, he added a political note, advising against voting for liberal candidates, whom he described as “woke green Marxists”.
Instead, he defended conservative decisions to, in his view, prevent the United States from turning into a Marxist state similar to Russia, China or Cuba.
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
