The author of the famous book Rich Dad, Poor Dad, Robert Kiyosaki, has issued a warning regarding a significant market crash that may impact various financial sectors. As part of his proactive approach, Kiyosaki has revealed his current purchasing strategy and has set ambitious price targets for Bitcoin (BTC) and Ethereum (ETH).

Gold and Silver as a Priority

Kiyosaki is known for his long-standing advocacy for Bitcoin but has recently included Ethereum in his investment framework. Historically, he supported gold and silver investments. He has also repeatedly warned of an impending crash particularly concerning stocks, which he views as overly valued.

In his latest comments, Kiyosaki emphasizes gold as his primary choice to safeguard against market volatility, aiming for a price of $27,000 based on insights from gold expert Jim Rickards. Although gold has had a stellar year, its current prices are significantly lower at around $4,000/oz.

In addition to gold, Kiyosaki predicts that silver could reach $100 by 2026.

“CRASH COMING: Why I am buying not selling. My target price for Gold is $27k. I got this price from friend Jim Rickards….and I own two goldmines. I began buying gold in 1971….the year Nixon took gold from the US Dollar.”
(Translation: Kiyosaki expresses his concerns about an impending market crash and justifies his purchases in gold.)

Price Predictions for BTC and ETH

When discussing forecasts for Bitcoin and Ethereum, Kiyosaki believes Ethereum exhibits the potential for more significant growth. He predicts that Bitcoin’s target of $250,000 would require a 150% increase from existing levels. Presently, Ethereum is trading around $3,500, with a challenging target of $60,000 which would necessitate an increase exceeding 1,600%.

Achieving both targets could see Ethereum surpass Bitcoin in market capitalization, with Ethereum’s value potentially exceeding $7.2 trillion compared to Bitcoin’s projected $5 trillion.