Robert Kiyosaki has raised a red flag about the soaring US national debt, which is now close to $39.6 trillion. He points to gold, Bitcoin, and Ethereum as key pillars in his personal defense plan against this financial pressure.
Soaring US Debt and Hard Asset Defense
The US debt has ballooned drastically since the 2008 financial crisis, when it stood around $9.5 trillion. Today, with US bonds facing turbulence, the figure approaches $40 trillion, a more than fourfold increase in under two decades. Kiyosaki put this growth in perspective by explaining that spending $1 trillion at a rate of one dollar per minute would take roughly 32,000 years. The government is reportedly printing about $1 trillion every three months, a pace hard to fathom.
Kiyosaki emphasizes holding hard assets gold, silver, and Bitcoin as they cannot be created out of thin air like fiat currencies. He has been accumulating real silver since 1965, gold since 1971, Bitcoin since 2012, and Ethereum from 2022 onwards. Emphasizing caution, Kiyosaki stores his gold and silver in Swiss vaults outside Switzerland due to historical examples of government confiscations and bans on private ownership.
Kiyosaki’s Growing Trust in Cryptocurrencies
While Kiyosaki has long championed precious metals, his endorsement of Bitcoin and Ethereum signals a shift. He sees Bitcoin’s fixed supply of 21 million coins as key in resisting unlimited money printing and inflation. Ethereum plays a complementary role with its smart contracts and expanding influence in decentralized finance and stablecoins. Kiyosaki forecasts significant price rises post a major financial reset, predicting Bitcoin could climb near $750,000 and Ethereum around $95,000.
This crypto perspective contrasts with some market skepticism, such as the doubts around Ethereum’s growth outlook in recent reports. Nevertheless, Kiyosaki remains steadfast in viewing cryptocurrencies as a necessary addition to his hard asset strategy amid ongoing US debt expansion.
