U.Today – In a recent article, Robert Kiyosaki, known for his book “Rich Dad, Poor Dad,” predicted the weakening of the dollar in the coming months. He insists that a weaker dollar is necessary for the United States to start exporting rather than importing. With a weaker dollar, jobs will return and assets will rise in price, says Kiyosaki.
According to Kiyosaki, this economic adjustment will not only improve export growth, but will also push up the prices of gold, silver, stocks and real estate. He predicts that gold will rise from $2,400 to $3,300 per ounce, silver from $29 to $79 per ounce and bitcoin from $67,400 to $105,000 per coin by August 2025.
Peter Schiff, a well-known critic of cryptocurrencies, has responded to Kiyosaki’s predictions with skepticism. Schiff argues that while a weaker dollar might benefit some Americans economically, it could ultimately impoverish the country.
Kiyosaki predicts that such a change would lead to higher oil prices, despite an increase in drilling in the country. He also suggests that while gold and silver could outperform Kiyosaki’s forecasts, the value of Bitcoin could potentially decline.
The debate between Kiyosaki and Schiff raises important questions about the future of the US economy and the role of cryptocurrencies.
Will a weaker dollar actually spur job growth and boost asset prices, as Kiyosaki suggests? Or could it lead to broader economic challenges and higher costs, as Schiff warns?
This article was originally published on U.Today
