Kiyosaki renews Bitcoin call amid dollar fears

• Robert Kiyosaki again urged investors to buy Bitcoin, gold, silver and selected property.
• Bitcoin traded near $76,000 after gaining more than 20% over the week.
• Kiyosaki linked his call to concerns about inflation and a weaker US dollar.

Robert Kiyosaki again urged investors to buy Bitcoin (CRYPTO:BTC) as he raised concerns about inflation and the US dollar.

Kiyosaki also recommended gold, silver and selected property as assets that could protect wealth from inflation.

“Don’t be a Loser,” Kiyosaki wrote on X after describing the Treasury’s bond buybacks as a new round of quantitative easing.

However, the US Treasury programme is a debt management tool and is not quantitative easing by the Federal Reserve.

Bitcoin traded near $76,000 on 23 August after reaching almost $79,500 two days earlier.

Bitcoin had gained more than 20% over the previous week, helped by short liquidations and about $1.92 billion in spot ETF inflows.

Kiyosaki has repeatedly forecast higher Bitcoin prices, including a $350,000 target for August 2024 that did not materialise.

At the time of reporting, Bitcoin price was $77,668.82.