Bitcoin

Gold

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Robert Kiyosaki, the acclaimed author of "Rich Dad Poor Dad," has <a href="https://twitter.com/theRealKiyosaki/status/1728619993213120619" rel="noopener noreferrer nofollow">urged</a> his followers to abandon traditional monetary systems and invest in alternative assets like gold, silver and Bitcoin.
"Don't be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now… Before it's too late," he said.
This call to action follows the recent surge in gold prices, surpassing the $2,000 mark, and Kiyosaki's bullish predictions for Bitcoin's future value.
<h2 id="gold-clears-2-000-milestone">Gold clears $2,000 milestone</h2>
The price of gold recently achieved a significant milestone, <a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=TVC%3AGOLD" rel="noopener noreferrer nofollow">crossing</a> the $2,000 per ounce threshold on Nov. 21.
This surge was driven by a combination of factors, including a weakened U.S. dollar and investor expectations that the Federal Reserve's interest rate hikes have reached their end.
The decline in the dollar's value, coupled with lower Treasury yields, has made gold a more attractive investment for holders of other currencies.
Market strategists attribute this rise to short covering due to the softer dollar and the pause in rate hikes, signaling a bullish outlook for gold.
<h2 id="kiyosaki-s-uber-bullish-prediction">Kiyosaki's uber-bullish prediction</h2>
Kiyosaki has made a bold prediction about Bitcoin's trajectory, forecasting that its price could soar to an astonishing <a href="https://u.today/rich-dad-poor-dad-author-bitcoins-next-stop-is-135000" rel="noopener noreferrer nofollow">$135,000</a>.
This comes as Bitcoin recently reclaimed the $38,000 level. The rally is fueled by expectations surrounding potential exchange-traded fund (ETF) approvals as well as the regulatory clarity that might come after the <a href="https://u.today/binance-settlement-announcement-expected-today-bloomberg" rel="noopener noreferrer nofollow">Binance settlement</a>.
Kiyosaki, who is also bullish on gold and silver, has long been a vocal proponent of cryptocurrencies.
His forecasts, however, should be taken with a big grain of salt. Skeptics often point to the pundit's penchant for dramatic predictions and a perceived lack of nuanced understanding of complex financial systems.

'Rich Dad Poor Dad' Author: Buy Bitcoin, Don't Be Loser

Table of Contents

U_Today

Other articles published on Nov 26, 2023

College dropouts persisted in crypto despite market woes

3 Cryptocurrencies To Watch Out For Next Week; DYDX, APE, INJ

This week in Asia: Crypto highlights and top stories

A Surge in Bitcoin Fees: IntoTheBlock Report Reveals Six-Month High

Coinbase Announces That It Will List 4 Major Altcoins in Futures

Ethereum Upgrade EIP 4844 Is Massive for L2s, Here's Why

Join our free newsletter for daily crypto updates!