- Kiyosaki plans to purchase extra actual property, gold, and silver if Dent’s collapse predictions come true.
- He views Bitcoin’s hypothetical drop to $200 as a possibility to extend his holdings.
- Kiyosaki asserts that investing in tangible belongings and Bitcoin will result in wealth accumulation, no matter market fluctuations.
at current days Share on X (previously Twitter) Monetary training advocate Robert Kiyosaki responded to some attention-grabbing predictions made by financial forecaster Harry Dent. Dent has triggered considerably of a stir within the funding group along with his prediction of the upcoming collapse of “all the things.”
Associated: The CEO of Goldman Sachs asserts that cryptocurrencies lack worth, and denies their standing as an funding asset class
Dent says the financial downturn will hit the infant boomers onerous, as the worth of their properties declines. Nevertheless, he does not cease there: Dent additionally predicts a staggering 80% drop within the S&P 500 and predicts that Bitcoin’s worth will fall once more to $200 per coin.
Kiyosaki, identified for his vital view of conventional monetary methods and his advocacy of different investments, responds to Dent’s predictions in a sensible method. He says if the forecasts are right, it is a shopping for alternative for him.
If Harry is true, I’ll merely purchase extra actual property, gold, and silver.
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
The creator of Wealthy Dad Poor Dad has a protracted historical past of believing within the worth of tangible belongings in comparison with conventional forex or monetary devices which are weak to market fluctuations.
Moreover, Kiyosaki’s response to the potential decline in Bitcoin’s worth is equally strategic:
If the worth of Bitcoin drops to $200 per coin, I’ll purchase as many cash as potential.
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
This demonstrates his confidence within the resilience and long-term worth of cryptocurrencies, regardless of their infamous volatility.
God’s cash, the individuals’s cash, pretend cash
Kiyosaki goes on to level out that if Dent’s predictions truly come true, those that are ready — those that have diversified their investments into belongings like actual property, gold, silver, and bitcoin — won’t solely be capable of shield their wealth, however will doubtless emerge as the following technology. The technology of millionaires and even billionaires.
If Harry is true…those that are ready will quickly turn into millionaires and maybe just a few new billionaires.
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
Associated: Australian Analyst Warns That Time to Purchase Bitcoin Might Be Over – Why You May Not Be Optimistic Sufficient for the Subsequent Growth!
No matter whether or not Dent’s predictions come true, Kiyosaki believes that traders in gold, silver, and bitcoin will discover themselves richer in the long run, whatever the fast market path.
From Kiyosaki’s standpoint:
Gold and silver are God’s cash. Bitcoin is individuals’s cash. The greenback is pretend cash.
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)
![](https://cdn.cryptonews.com.au/2024/04/03130101/robert-kiyosaki.jpg)