After incumbent United States President Joe Biden introduced he was withdrawing from the election race towards Republican candidate and former US President Donald Trump, Robert Kiyosaki has provided his predictions for Bitcoin (BTC), gold, and silver if Trump is President once more.
Particularly, the famend investor and creator of the best-selling private finance e-book ‘Wealthy Dad Poor Dad’ argued that the costs of the maiden cryptocurrency and the favored treasured metals would enhance if Trump wins, based on his X put up on July 23. As he elaborated:
“I predict gold will rise from $2,400 an oz. to $ 3,300: silver from $29.00 an oz. to $79.00: and Bitcoin from $67,400 per coin to $105,000 by August 2025.”
Trump’s position in worth progress
Explaining his reasoning, Kiyosaki stated that “Trump needs a weaker greenback so America will start export greater than import” and that “with a weaker greenback, jobs will come again and belongings will go up in worth,” including that “Trump goes to drill, drill, drill for oil and the value of oil will come down.”
By comparability, the finance educator identified that the present US President “did the precise reverse” by shutting down the Keystone XL pipeline, which led to the value of oil hovering from $30 to $130 a barrel and which, in flip, “triggered huge inflation wiping out the poor and center class.” Alternatively:
“Trump will Make America Nice Once more. He’ll ‘Drill child drill.’ A weaker greenback will enhance exports, create jobs, open new factories, and make gold, silver, Bitcoin, shares, and actual property rise in worth.”
Kiyosaki on Biden vs. Trump
As a reminder, Kiyosaki earlier said that inflation was “consuming American households alive,” dismissing President Biden’s financial insurance policies as a “joke” and arguing that the one product coming down in worth was the unlawful drug fentanyl, as Finbold reported on April 9.
In Could, he commented on the authorized motion towards the previous US President, arguing that “individuals are getting poorer and poorer in America as a result of most of our faculty lecturers are Marxists and so they hate the wealthy, that’s why they’re going after Trump, they hate him as a result of he’s a wealthy man.”
Extra not too long ago, the ‘Wealthy Dad’ creator has reiterated his opinion that the incumbent US President had “triggered inflation to rise, making life tougher for the poor and center class” after slicing the Keystone XL pipeline, which “triggered the value of oil to rise from $30 to $130 in only one week.”