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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that “everything will crash”, including gold, silver and bitcoin. However, he sees crashes as buying opportunities, noting that he wants to buy more bitcoin.
The author of Rich Dad Poor Dad, Robert Kiyosaki, has repeated his warning about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Citing that more than 144,000 people in the tech industry will lose their jobs by 2022, and 66,000 more have been let go so far this year, Kiyosaki tweeted on Friday that everything will crash, including gold, silver and bitcoin. Nevertheless, he told his 2.3 million Twitter followers not to panic, adding that he will use “fake” dollars to buy more gold, silver and bitcoin, which he called “real money.” The famous author wrote:
Crash is here… Everything will crash, including prices [of] gold, silver, bitcoin. Do not panic. Good news. I want to buy more gold, silver, bitcoin, real money with fake $.
Kiyosaki has previously explained that gold, silver and BTC are real money, while the US dollar is fake money “because rather than being linked to real money,” like gold, “it was linked to the ‘full faith and credit’ of the United States .” The famous author has said on several occasions that he does not trust the Biden administration, the Treasury Department, the Federal Reserve or Wall Street.
He has also repeatedly warned of market crashes, including the “biggest crash in world history.” Last October, he said stock, bond and real estate markets will crash as the Federal Reserve continues to raise interest rates, and advised investors to buy gold, silver and bitcoin. He expects bitcoin investors to become richer as the Fed swings and prints trillions of dollars.
Furthermore, the renowned author predicted last October that the US dollar will crash. In addition, he recently said that we are in a global recession, and warned of skyrocketing bankruptcies, unemployment and homelessness.
Last September, the author Rich Dad Poor Dad urged investors to get into crypto now before the biggest crash in world history happens. Kiyosaki has previously explained that he is a bitcoin investor, not a trader, so he gets excited when BTC hits a new low. He said he likes bitcoin, calling the cryptocurrency “the people’s money.” While stating that he is buying more BTC, he warned that the US Securities and Exchange Commission (SEC) will crack down on most other cryptocurrencies.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warning? Let us know in the comments section below.
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