The post Robert Kiyosaki Warns of Economic Collapse, Says Bitcoin Could Hit $1 Million appeared first on Coinpedia Fintech News
Famous author and economist Robert Kiyosaki has once again raised serious concerns about the U.S. economy. In his latest tweet, he claims “The End is Here”, pointing to a failed U.S. bond auction and warning of coming hyperinflation.
But while the message may sound scary, he also shares hope, and for him, that hope is Bitcoin.
FED Bond Auction – No One Attended
At the center of his warning is a bond auction that reportedly saw very little participation. Kiyosaki explained that the U.S. government recently held an auction to sell its bonds, but no one showed up to buy. Usually, investors or countries buy these bonds to help fund government operations.
But this time, according to Kiyosaki, the U.S. Federal Reserve itself quietly stepped in to buy $50 billion worth of bonds, using money it simply created.
He calls this “fake money buying fake assets,” and says it’s a sign that the financial system is in big trouble.
Hyperinflation Could Be Next
He didn’t hold back from predicting what comes next. “Hyperinflation is here,” he said.
When governments keep printing money to cover their spending, it weakens the value of that money. Kiyosaki believes this will lead to hyperinflation, where prices go up very fast and people’s savings lose value quickly.
He warns that “millions, young and old” could lose everything if they’re not prepared. The dollar, he says, is on the edge of collapse.
Gold, Silver… and Bitcoin to the Rescue?
Despite the bad news, Kiyosaki still sees a way to protect your future. He predicts that as the dollar weakens, people will turn to hard assets, things with real value.
He believes gold will reach $25,000, silver will hit $70, and Bitcoin could soar to between $500,000 and $1 million. That’s a huge jump, but in his view, it’s not just possible, it’s likely.
Why Bitcoin Stands Out
Kiyosaki has long supported Bitcoin. He believes it’s a safe way to protect your money because no government controls it, and there’s only a limited amount of it. Recently, he predicted that Bitcoin could reach $250,000 this year.
Right now, Bitcoin is close to its highest-ever price, trading around $106,651, with a total market value of $2.11 trillion.
