The United States is burdened with a towering debt, with the federal government’s debt now reaching $34 trillion. Robert Kiyosaki, the author of the popular financial book “Rich Dad Poor Dad,” recently warned that the US is sick and reiterated his advice to buy gold, silver, and Bitcoin as soon as possible. He also predicted that the price of Bitcoin will reach $300,000 this year.
Robert Kiyosaki, the author of the bestselling book “Rich Dad Poor Dad,” has been issuing warnings about the US economy. He frequently criticizes the Federal Reserve, accusing it of destroying the economy by continuously printing money. He also points out the rapid growth of US national debt, which will lead to severe inflation of the US dollar.
On the 10th, Robert Kiyosaki issued another warning. Meanwhile, the price of Bitcoin broke through $70,000 last week, reaching a new all-time high. This prompted Robert Kiyosaki to once again advise investors to quickly buy Bitcoin. He also made a new prediction about the price of Bitcoin.
Earlier, in February, Robert Kiyosaki predicted that Bitcoin would rise to $100,000 in June this year. In late February, he stated that he would be happy if Bitcoin crashed because he would buy more. He gave the same response regarding Bitcoin, gold, and silver. Once the crash stops, he would buy more.
In January, after the Securities and Exchange Commission (SEC) approved the listing of a Bitcoin spot ETF, Robert Kiyosaki predicted that the price of Bitcoin would quickly rise to $150,000. He also revealed that he had purchased 5 Bitcoins and recommended that investors pay attention to the Bitcoin halving in April.
The US federal government debt is growing rapidly. The current debt has reached $34.46 trillion. According to CNBC, the US debt is increasing by about $1 trillion every 100 days. After briefly surpassing $34 trillion on December 29 last year, it permanently exceeded $34 trillion on January 4 this year.
The US debt was still $32 trillion on June 15, 2023, but it had risen to $33 trillion by September 15, 2023, showing a significant acceleration in growth. Prior to this, it took about 8 months for the US debt to increase from $31 trillion to $32 trillion.
Due to the towering US debt and rising fiscal risks, Moody’s downgraded the US government’s outlook from “stable” to “negative” in November last year. They warned that without effective fiscal policy measures to reduce government spending or increase revenue, the US fiscal deficit will remain very large and significantly weaken its debt servicing capacity.