The well-known writer of the best-selling ebook Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that “all the pieces will crash,” together with gold, silver, and bitcoin. Nevertheless, he sees crashes as shopping for alternatives, noting that he’ll purchase extra bitcoin.
Robert Kiyosaki Reiterates Market Crash Warning
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, has reiterated his warning about market crashes. Wealthy Dad Poor Dad is a 1997 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Greatest Vendor Record for over six years. Greater than 32 million copies of the ebook have been bought in over 51 languages throughout greater than 109 international locations.
Citing that greater than 144,000 folks within the tech trade misplaced their jobs in 2022, and 66,000 extra have been let go to date this 12 months, Kiyosaki tweeted Friday that all the pieces will crash, together with gold, silver, and bitcoin. Nonetheless, he instructed his 2.3 million Twitter followers to not panic, including that he’ll use “pretend” {dollars} to purchase extra gold, silver, and bitcoin, which he referred to as “actual cash.” The well-known writer wrote:
Crash is right here … All the things will crash together with costs [of] gold, silver, bitcoin. Don’t panic. Excellent news. I’ll purchase extra gold, silver, bitcoin, actual cash with pretend $.
Kiyosaki beforehand defined that gold, silver, and BTC are actual cash whereas the U.S. greenback is pretend cash “as a result of quite than being tied to actual cash,” akin to gold, “it was tied to the ‘full religion and credit score’ of the USA.” The well-known writer has stated on a number of events that he doesn’t belief the Biden administration, the Treasury, the Federal Reserve, or Wall Avenue.
He has additionally repeatedly warned about market crashes, together with the “largest crash in world historical past.” In October final 12 months, he stated the inventory, bond, and actual property markets will crash because the Federal Reserve continues to boost rates of interest, advising buyers to purchase gold, silver, and bitcoin. He expects bitcoin buyers to get richer when the Fed pivots and prints trillions of {dollars}.
Moreover, the famend writer predicted in October final 12 months that the U.S. greenback will crash. As well as, he just lately stated we’re in a worldwide recession, warning of hovering bankruptcies, unemployment, and homelessness.
In September final 12 months, the Wealthy Dad Poor Dad writer urged buyers to get into crypto now earlier than the most important crash in world historical past occurs. Kiyosaki beforehand defined that he’s a bitcoin investor, not a dealer, so he will get excited when BTC hits a brand new backside. He stated that he likes bitcoin, calling the cryptocurrency “folks’s cash.” Whereas stating that he’s shopping for extra BTC, he cautioned that the U.S. Securities and Alternate Fee (SEC) will crush most different cryptocurrencies.
What do you concentrate on the warning by Wealthy Dad Poor Dad writer Robert Kiyosaki? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.
