Robert Kiyosaki, the famous author of “Rich Dad, Poor Dad,” warned that “everything will fall apart,” including gold, silver and Bitcoin. However, he sees the crash as a buying opportunity, noting that he will buy more Bitcoin.
Robert Kiyosaki reiterates market crash warning
Kiyosaki reiterated his warning of a market crash. “Rich Dad Poor Dad” is a 1997 book co-authored by Kiyosaki and Sharon Leichter.
Kiyosaki tweeted on Friday that more than 144,000 people will lose their jobs in the tech industry by 2022 and 66,000 this year, and everything will fall apart, including gold, silver and bitcoin. However, he assured his 2.3 million Twitter followers not to panic, adding that he would buy more gold, silver and bitcoin with “fake” dollars, which he called “real money.”
“Everything will crash, including the price of gold, silver and bitcoin. Don’t be afraid. Good news. I will buy more gold, silver, bitcoin and real money with fake dollars.”
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Kiyosaki previously explained that gold, silver, and BTC are real money, while the U.S. dollar is fake “because it’s not tied to real money,” like gold, “but to the ‘belief’ and credit of America.” The famous The writer has repeatedly stated that he does not trust the Biden administration, the Treasury, the Federal Reserve or Wall Street.
He also repeatedly warned of a market crash, including “the biggest crash in the history of the world.” In October last year, he said that as the Fed continued to raise interest rates, the stock, bond and real estate markets would collapse, advising investors to buy gold, silver and bitcoin. He expects Bitcoin investors to get richer as the Fed “turns the tables” and prints trillions of dollars.
Furthermore, the well-known author predicted a collapse of the dollar in October last year. Additionally, he recently stated that we are in a global recession, warning of a surge in bankruptcies, unemployment and homelessness.
Last September, the author of “Rich Dad Poor Dad” urged investors to get into the cryptocurrency space ahead of the biggest crash in world history. Kiyosaki previously explained that he is a bitcoin investor, not a trader, so he gets excited when BTC hits a new bottom. He claims to like Bitcoin, calling the cryptocurrency “everyone’s money.” While claiming he was buying more BTC, he warned that the U.S. Securities and Exchange Commission (SEC) would crack down on most other cryptocurrencies.
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