Being prepared and staying positive amid today’s economic turmoil is not only a good idea, it’s an essential survival skill. Renowned analyst Robert Kiyosaki is sparing no words when it comes to warning novice investors who blindly jump into the cryptocurrency world.
The hype became reality as Bitcoin surpassed $43,000 over the weekend. But before you get excited, note that Bitcoin isn’t the only one stealing the show! As the market mood turns more optimistic, other industries and lesser-known coins are also showing an upward trend toward ambitious goals.
Get ready for some serious market action!
Robert Kiyosaki reveals his Fortune Maker.
With the price of Bitcoin surging and other assets fluctuating, financial expert Robert Kiyosaki recently sparked controversy by revealing a major turning point for his investment outlook.
As the price of Bitcoin rose to $45,000 and the prices of silver and gold fluctuated between $25 and $1,800 per ounce, respectively, Kiyosaki, a famous advocate for Bitcoin and precious metals, made an unexpected revelation. Contrary to what most people think, he said most of his vast wealth does not come from Bitcoin or the safe havens of silver and gold.
Surprisingly, Kiyosaki revealed in his X post that a significant portion of his wealth comes from investments in the resource industry. The sudden departure from traditional support for technology and precious metals highlights his new enthusiasm for the Vancouver Resources Investment Conference (VRIC) in British Columbia.
Kiyosaki expressed deep confidence in the potential of resource-driven startups to shape the future of stock and bond markets, breaking away from the technology-driven environment of Silicon Valley that he had previously highlighted.
Although Kiyosaki’s interest in resource investment has recently been notable, he is still open to a variety of investment opportunities. He once considered investing in Apple stock, analyzing the stock’s movements following CEO Tim Cook’s stock sale and KeyBank’s downgrade. He sees the possibility of AAPL falling below $150 as a buying opportunity. Despite hitting a low of $166.89 on October 26th over the past six months, its current value is $193.60, up 4.50% over this period.
However, Kiyosaki maintains firm support for Bitcoin, silver, and gold as reliable assets in times of market volatility. His predictions include Bitcoin surging to $135,000, gold reaching $2,300 per ounce, and silver reaching $68 per ounce. All of this was expressed when Bitcoin tested the $30,000 level in late October. Despite the renewed interest in resource-focused ventures, he supports the resilience and potential of these traditional safe assets.
Advice for investors: Build a foundation!
Kiyosaki’s unique investment portfolio highlights the need to rethink and diversify the way we finance amid economic uncertainty. He believes in money, but advises against relying on old stocks that are losing value. He advises investing in cash-flowing assets to survive economic downturns and geopolitical tensions.