Bitcoin Updates : Robert Kiyosaki, the renowned financial advisor and author of the bestselling book *Rich Dad Poor Dad*, has long been known for sharing his insights on financial opportunities and potential threats. Recently, Kiyosaki issued a warning about what he believes could be the biggest Bitcoin price crash, with other assets potentially following suit. While he didn’t specify an exact date, he suggested that the recent market downturn might be a precursor to this event.
In addition to his warnings about Bitcoin, Kiyosaki has made another bold prediction—this time about the impact of Artificial Intelligence (AI) on the job market. On July 17, Kiyosaki posted a video on X (formerly Twitter) featuring a conversation with Ken McElroy, CEO of McElroy Investment Real Estate Services. In the video, Kiyosaki discussed various financial topics, but his most striking claim was that AI could lead to the loss of millions of jobs in the near future. Although he emphasized that this was not financial advice, his forecast has sparked significant interest and concern among his followers.
In a recent video shared on July 17, 2024, Robert Kiyosaki, the renowned author of *Rich Dad Poor Dad*, sat down with his longtime friend and partner, Ken McElroy, CEO of McElroy Investment Real Estate Services, to discuss a variety of pressing financial topics. Kiyosaki reflected on his journey from being a Vietnam War pilot to successfully raising capital for multiple businesses, emphasizing the value of real-world experience over formal education.
The video was packed with advice drawn from their combined experiences. One of the key points Kiyosaki made was about the future impact of Artificial Intelligence (AI) on the job market. He predicted that AI would render millions of jobs obsolete, particularly those that require minimal skill or talent. While certain basic jobs, like driving and construction, might persist, Kiyosaki warned that those relying solely on college degrees without practical experience could face significant challenges. He used the analogy of being “hung on a cross for Easter” to highlight the vulnerability of individuals in this situation.
Kiyosaki stressed his concern about AI, stating, “AI is artificial intelligence. It’s gonna put millions out of work, that is my prediction.”
The conversation also touched on the broader financial landscape in the U.S. Kiyosaki expressed concern over the government’s habit of printing more money to address economic demands, drawing a parallel to Zimbabwe’s economic collapse. He suggested that when AI displaces millions of workers, governments might resort to printing even more money, which he believes would be a disastrous move.
Despite these grim predictions, Kiyosaki offered a silver lining: he expects that hard assets like Bitcoin, gold, and silver will see a significant rise in value as the economy deteriorates. He emphasized that these assets, unlike paper-based investments such as Exchange Traded Funds (ETFs), will hold their value in times of economic crisis. McElroy echoed this sentiment, advising viewers to invest in real gold rather than paper gold.
In conclusion, while Kiyosaki’s warnings about AI and its impact on jobs are not new, they take on added significance given the rapid growth of the industry. His forecast of rising prices for hard assets like Bitcoin, gold, and silver as a safeguard against economic decline underscores the importance of tangible investments in uncertain times.
Frequently Asked Questions (FAQs)
1. What is Robert Kiyosaki’s prediction about AI’s impact on jobs?
Answer: Robert Kiyosaki predicts that Artificial Intelligence (AI) will cause millions of jobs to disappear, particularly those that require minimal skill or talent. He believes that AI’s growing dominance will make many traditional jobs obsolete, leaving a significant portion of the workforce unemployed.
2. Why does Robert Kiyosaki emphasize the importance of real-world experience over formal education?
Answer: Kiyosaki stresses that real-world experience is more valuable than formal education because it prepares individuals for the practical challenges of the job market. He warns that relying solely on a college degree without gaining hands-on experience may leave people vulnerable in an AI-driven future.
3. How does Kiyosaki connect AI’s impact on jobs to the U.S. government’s financial actions?
Answer: Kiyosaki suggests that as AI leads to widespread unemployment, the U.S. government might respond by printing more money to address the economic fallout. He believes this approach could lead to severe economic consequences, similar to the collapse seen in Zimbabwe.
4. What assets does Robert Kiyosaki recommend investing in during economic uncertainty?
Answer: Kiyosaki advises investing in hard assets like Bitcoin, gold, and silver, which he believes will retain or increase their value during economic downturns. He warns against relying on paper-based investments like Exchange Traded Funds (ETFs), which he considers less secure.
5. Why does Kiyosaki believe Bitcoin, gold, and silver will rise in value?
Answer: Kiyosaki believes that as economic conditions worsen, driven by factors like AI-induced job losses and government money printing, hard assets like Bitcoin, gold, and silver will become more valuable. He views these assets as a safe haven in times of economic instability