Robert Kiyosaki predicts Bitcoin surge amid $70 silver forecast

Robert Kiyosaki, author of Rich Dad Poor Dad, reiterated his support for Bitcoin (CRYPTO:BTC) as a preferred asset amid warnings of a major market downturn.

On May 6, Kiyosaki explained on social media platform X why he favors Bitcoin over gold and silver, citing its fixed supply of 21 million coins.

“I own gold and silver mines and oil wells. If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply. I cannot do that with Bitcoin. 21 million is 21 million,” he stated.

Kiyosaki contrasted Bitcoin’s scarcity with the inflationary nature of traditional commodities, even those he profits from directly.

Earlier on May 4, referencing his 2002 book Rich Dad’s Prophecy, he warned of an imminent “biggest stock market crash in history.”

“From my book Rich Dad’s Prophecy, my prediction of the biggest stock market crash in history is now happening now. I hope I am wrong,” he said.

Kiyosaki predicted crashes across stocks, bonds, and real estate in the near future, which motivated his investments in gold, silver, and Bitcoin.

He forecasted silver prices could double from $35 to $70 by 2026, driven by expected market turmoil and increased money printing by the Federal Reserve and Treasury.

“Odds are the Fed and Treasury will print trillions in fake dollars, increasing M2 money supply which will probably cause massive inflation,” he said.

Kiyosaki expressed distrust of the Fed and Treasury, describing U.S. dollars as “fake money” and warning that “savers are losers” due to currency debasement.

He continues to promote Bitcoin as a financial safe haven, emphasising its resistance to central bank manipulation and overproduction.

At the time of reporting, the Bitcoin (BTC) price was $99,149.31.