Robert Kiyosaki has urged investors to get into crypto now as he believes the biggest economic crash ever is coming.
“Now is the time to buy crypto”
Rich Dad Poor Dad author Robert Kiyosaki told his “Rich Dad Community” subscribers on Sunday to buy crypto now. This is because he expects the biggest economic crash in history to come.
Rich Dad Poor Dad is a 1997 book written 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 more than 51 languages in more than 109 countries. Kiyosaki said the following:
I predict the biggest economic crash in history is coming.
While the famous author has warned of a prolonged downturn, he emphasized that bear markets are the best times for investors to get rich. Everything is for sale for a lower price. His advice is in line with his tweet in July, when he said that his favorite four letter word ‘sales’ laundry. The author explained that prices will crash and he is in a “cash position” waiting for bargains, especially in real estate and Bitcoin.
Kiyosaki also warned that the US dollar is going to crash. This, he said, would lead to wider widespread adoption of cryptocurrencies that are not controlled by governments. He noted that the Federal Reserve and the Treasury are destroying the US dollar. He also repeatedly said he does not trust the administration, President Joe Biden, Treasury Secretary Janet Yellen, the Federal Reserve and Fed Chair Jerome Powell. He also doesn’t trust Wall Street. The noted author emphasized the following:
It’s not enough to WANT crypto… Now is the time you MUST get into crypto, before the biggest economic crash in history.
Kiyosaki’s advice
Kiyosaki regularly shares his predictions and investment advice on Twitter. He tweeted on Tuesday that it is “time for the poor to get rich”. He added that stocks, bonds, mutual funds, exchange-traded funds (ETFs) and real estate are going to crash. He further noted that the middle class is being wiped out as he previously predicted. His latest tweet resembles another tweet he posted in August when he warned that all markets would collapse.
Kiyosaki has been recommending Bitcoin to investors for quite some time. He stated that he has been waiting for several months for the price of the cryptocurrency to bottom out. He had recently revealed that he is waiting for Bitcoin to drop below $1,100.
In addition to Bitcoin, the author also recommended gold and silver. He also said in August that he had changed his mind about buying two-year US Treasuries. This changed after he listened to the economist Harry Dent.
I don’t invest in things that print the Fed or Wall Street.
According to Kiyosaki.
On Tuesday, he tweeted the following:
Silver moves sideways. Silver stays on the $20 for 3 to 5 years and then climbs to the 100-$500. Anyone can buy silver, even poor people. Collect silver now.
Kiyosaki called silver the best investment there is today.