U.Today

Robert Kiyosaki, author of “Rich Dad Poor Dad,” highlights concerns about inflation and recession, noting that many baby boomers must return to work due to insufficient savings for living expenses.

Kiyosaki argues that the Federal Reserve’s money printing benefits the wealthy while harming the poor and middle class. He asserts that fiat money is losing value, putting financial futures at risk, and advocates for investing in scarce assets such as gold and Bitcoin (BTC) to safeguard wealth in a declining dollar economy.

He warns that inaction may lead to becoming “late-life losers” with diminishing assets and wealth.

People’s Money

Interestingly, while Kiyosaki once regarded cryptocurrency as a gamble, he now refers to BTC as the “people’s money,” considering it a dependable store of value similar to gold and silver. He predicts Bitcoin might reach $1 million soon and anticipates its price will hit $100,000 by the end of 2024.

With the Federal Reserve likely cutting interest rates and reopening quantitative easing measures, Kiyosaki’s insights are increasingly pertinent.

This article was originally published on U.Today