Amid escalating geopolitical tensions in multiple regions of the world, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has opined they could lead to another World War and that Bitcoin (BTC) would do well in such circumstances.
As it happens, Kiyosaki discussed the future of banks, Bitcoin, gold, real estate, and the state of the world as he sat down with Gerald Celente, the editor and producer of the Trends Journal, for an episode of Kiyosaki’s The Rich Dad Channel podcast that premiered on April 17.
Bitcoin through the roof
Specifically, as the popular finance educator pointed out, the global uncertainties are heightening toward the edge of a massive war, and “our banks are in trouble,” while assets like precious metals and cryptocurrencies are rising in demand and price, highlighting that:
“We’re talking about the ‘golden year’ for gold, and the reason for it is the banks are going bust – everybody knows that – Bitcoin is going through the roof, but the part that concerns me the most is World War 3, we’re on the verge of it right now.”
Furthermore, Kiyosaki asked Celente for his views, and the editor explained that there were now 300 regional banks in the United States that the experts have downgraded to negative, as opposed to five last year, and the commercial property debt accrued during Covid’s switch to working from home has led to:
“The banks face a $2 trillion wall of commercial property debt – $2 trillion coming due that they’re not going to be able to pay. The banks are going to go bust. It’s going to be a banking crisis the likes of which we have never seen in the world.”
BTC price prediction
As a reminder, Kiyosaki has long supported the flagship decentralized finance (DeFi) asset, which he believes could one day hit the price of $2 million, agreeing in his view with Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs).
Meanwhile, the maiden crypto asset was at press time trading at the price of $64,700, recording an increase of 5.27% on the day, reversing the losses of 8.31% from across the week, and accumulating a gain of 2.49% on its monthly chart, as per the most recent information retrieved on April 19.
In conclusion, Robert Kiyosaki might be correct in his predictions, but it is important not to follow anyone’s advice blindly and do one’s own due diligence, thoroughly investigating any asset before investing a significant amount of money in it because trends can shift on a whim, regardless of the industry.
Watch the entire video below:
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
