TL;DR
- Robert Kiyosaki predicts that Bitcoin, gold and silver prices will rise if Donald Trump becomes president again.
- Kiyosaki expects gold to rise to $3,300 per ounce, silver to $79 per ounce and Bitcoin to $105,000 by August 2025.
- He argues that Trump’s policies, such as weakening the dollar and increasing oil production, will drive these increases.
After current US President Joe Biden announced his withdrawal from the election race against Republican candidate and former President Donald Trump, Robert Kiyosaki has offered his predictions on the prices of Bitcoin (BTC), gold, and silver if Trump becomes president again.
Specifically, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ argued that prices of the major cryptocurrency and popular precious metals would rise if Trump wins, according to his post on X on July 23.
Why GOLD, SILVER, BITCOIN will rise in price when TRUMP becomes President again.
Trump wants a weaker dollar so America will begin export more than import. With a weaker dollar jobs will come back and assets will go up in price.
Trump is going to drill, drill, drill for oil…
— Robert Kiyosaki (@theRealKiyosaki) July 23, 2024
As he explained: “I predict gold will rise from $2,400 an ounce to $3,300; silver from $29.00 an ounce to $79.00; and Bitcoin from $67,400 per coin to $105,000 by August 2025.“
Kiyosaki said that “Trump wants a weaker dollar so that America starts exporting more than importing” and that “with a weaker dollar, jobs will come back and assets will go up in price,” adding that “Trump is going to drill, drill, drill for oil and the price of oil will go down.”
By comparison, the financial educator noted that the current US president “did the exact opposite” by shutting down the Keystone XL pipeline, which led to the price of oil skyrocketing from $30 to $130 per barrel and which, in turn, “caused massive inflation that wiped out the poor and the middle class.”
On the other hand: “Trump will make America great again. He’ll ‘Drill, baby, drill.’ A weaker dollar will increase exports, create jobs, open new factories, and cause gold, silver, Bitcoin, stocks, and real estate to rise in price.”
As a reminder, Kiyosaki declared that inflation was “eating American families alive,”
Dismissing President Biden’s economic policies as a “joke” and arguing that the only product coming down in price was illegal fentanyl.
In May, he commented on the legal action against the former US president, arguing that “people are getting poorer and poorer in America because most of our school teachers are Marxists and they hate rich people, that’s why they are going after Trump, they hate him because he is a rich man.”
More recently, the ‘Rich Dad’ author has reiterated his view that the sitting US president had “caused inflation to rise, making life harder for the poor and middle class” after cutting off the Keystone XL oil pipeline, which “caused the price of oil to rise from $30 to $130 in just one week.”
