Robert Kiyosaki: Bitcoin Has The Potential To Soar If Donald Trump Becomes US President

JAKARTA - The author of financial management book Rich Dad Poor Dad and Bitcoin supporter, Robert Kiyosaki, has again voiced optimism about the future of Bitcoin (BTC). According to Kiyosaki, if Donald Trump is re-elected as President of the United States, this crypto asset will get a significant boost. He explained that Trump's economic policy would stimulate economic activity which could ultimately trigger a spike in the price of Bitcoin.

In his latest post on platform X, the author of the best-selling book Rich Dad Poor Dad stated that Donald Trump plans to weaken the value of the US dollar and rejuvenate the domestic industry. Kiyosaki added that the weaker dollar will increase exports, create new jobs, and open new factories. These measures are believed to be driving the price of gold, silver, Bitcoin, and higher stocks.

Kiyosaki also predicts that Trump will lower oil prices by increasing domestic oil production. "Trump will conduct massive oil drilling, and oil prices will fall," he said.

On the other hand, Kiyosaki criticized President Joe Biden's policy, especially the decision to cancel the Keystone XL pipeline project. According to him, this action caused the surge in oil prices from US$30 (Rp480,000) to US$130 (Rp2,080,000.) per barrel, which had an impact on inflation and made it difficult for the poor and the middle class. He also accused Biden of draining America's oil reserves due to supply shortages, calling it an incompetent act.

Elon Musk's Predictions About The Future Of The US Dollar

Apart from Kiyosaki, Elon Musk, the world's richest man, recently predicted the US dollar crash and stated that America could go into bankruptcy. With the weakening of the dollar's appeal, money could switch to Bitcoin, which could potentially trigger a surge in BTC prices in the future.

Kiyosaki also warned of an "AI observer" that could eliminate millions of jobs. He believes that in these situations, assets of value storage such as Bitcoin, gold, and silver will be a savior.

Contrary to Kiyosaki's suggestion, the US government has started selling part of their Bitcoin holdings. On Monday, the government sold 58 BTC worth $4 million (Rp64 billion). Investors are careful observing these developments with concerns that this situation could develop as in Germany, where the government sold huge BTC deposits of 50,000 BTC in less than a month.

Donald Trump is scheduled to attend this weekend's upcoming Bitcoin Conference, where there is hope that he will announce plans to make BTC a strategic reserve if he wins the upcoming election.