Bitcoin advocate and billionaire investor Robert Kiyosaki is once again supporting BTC, explaining how the asset class would benefit immensely if Donald Trump becomes the next US President. Kiyosaki noted a series of actions that the Trump administration might undertake to boost economic activity.
Donald Trump Wants Weaker USD
In his latest post on the X platform, Rich Dad author said that Donald Trump is willing to weaken the US dollar and revive domestic industries. Kiyosaki added that a weaker Dollar will increase exports, create jobs, and open new factories, thereby driving the prices of Gold, Silver, Bitcoin, and stocks higher.
He further predicted that Trump is willing to bring down oil prices by boosting domestic oil production. “Trump is going to drill, drill, drill for oil, and the price of oil will come down,” he said.
In contrast, Kiyosaki also criticized President Joe Biden’s policies, particularly his decision to cancel the Keystone XL pipeline. He claimed this action led to a surge in oil prices from $30 to $130 a barrel, causing inflation that adversely affected the poor and middle class. Kiyosaki also pointed out that Biden had to tap into America’s oil reserves due to a shortage, labeling the move as incompetent.
Along with Kiyosaki, the world’s richest man Elon Musk recently predicted the destruction of the US Dollar while commenting that America could be going bankrupt.
Also Read: Elon Musk Arrives In Tennessee, Are Bitcoin Conference Rumors True?
Additionally, Robert Kiyosaki recently predicted an AI apocalypse that could take away millions of jobs from the market. He predicted that in such a situation, store-of-value asset classes like Bitcoin, Gold, and Silver would come to the rescue.
Is the US Dumping Bitcoins?
Against Kiyosaki’s advice, the US government has been partially offloading its Bitcoin holdings by selling 58 BTC worth $4 million on Monday. Investors are watching this development carefully and seeing that this doesn’t pan out in a similar situation in Germany where the government offloaded its massive 50,000 BTC stash in less than a month’s time.
Donald Trump is set to make an appearance at the upcoming Bitcoin Conference later this week with expectations of him announcing to make BTC as a strategic reserve after winning the upcoming elections.
Also Read: Donald Trump’s Fund Raise From Bitcoin Conference Is Bullish For Crypto
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