The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that “all the pieces will crash,” together with gold, silver, and bitcoin. Nonetheless, 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 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Record for over six years. Greater than 32 million copies of the e-book have been offered in over 51 languages throughout greater than 109 international locations.
Citing that greater than 144,000 individuals within the tech business misplaced their jobs in 2022, and 66,000 extra have been let go to this point this yr, Kiyosaki tweeted Friday that all the pieces will crash, together with gold, silver, and bitcoin. Nonetheless, he informed his 2.three million Twitter followers to not panic, including that he’ll use “faux” {dollars} to purchase extra gold, silver, and bitcoin, which he known as “actual cash.” The well-known writer wrote:
Crash is right here … Every part will crash together with costs [of] gold, silver, bitcoin. Don’t panic. Excellent news. I’ll purchase extra gold, silver, bitcoin, actual cash with faux $.
Kiyosaki beforehand defined that gold, silver, and BTC are actual cash whereas the U.S. greenback is fake money “as a result of relatively than being tied to actual cash,” similar to gold, “it was tied to the ‘full religion and credit score’ of america.” The well-known writer has mentioned on a number of events that he does not trust the Biden administration, the Treasury, the Federal Reserve, or Wall Avenue.
He has additionally repeatedly warned about market crashes, together with the “biggest crash in world history.” In October final yr, he mentioned the inventory, bond, and actual property markets will crash because the Federal Reserve continues to boost rates of interest, advising traders to purchase gold, silver, and bitcoin. He expects bitcoin investors to get richer when the Fed pivots and prints trillions of {dollars}.
Moreover, the famend writer predicted in October final yr that the U.S. dollar will crash. As well as, he lately mentioned we’re in a global recession, warning of hovering bankruptcies, unemployment, and homelessness.
In September final yr, the Wealthy Dad Poor Dad writer urged traders 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 mentioned that he likes bitcoin, calling the cryptocurrency “individuals’s cash.” Whereas stating that he’s shopping for extra BTC, he cautioned that the U.S. Securities and Change Fee (SEC) will crush most different cryptocurrencies.
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