Robert Kiasaki Urges Investors To Get Into Crypto Ahead Of Biggest Recession In World History – Economics Bitcoin News

Robert Kiyosaki, the best-selling author of Rich Dad’s Poor Dad, has urged investors to get into crypto now that the biggest recession in world history is looming. “It’s time to get into crypto,” he emphasized.

Robert Kiyosaki says now is the time to buy crypto.

Robert Kiyosaki, author of Rich Dad Poor Dad, told the “Rich Dad Community” mailing list subscribers on Sunday that they should get into crypto before the biggest crash in world history.

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 more than 109 countries in more than 51 languages.

Echoing his dire prognosis for his mailing list subscribers, Kiasaki wrote:

I predict the greatest collapse in the history of the world is coming.

When the famous author warns of a long fall, he emphasizes that bear markets are the best time for investors to prosper because everything is on sale. He tweeted that his favorite four-letter word in July was “sales.” The popular author notes that asset prices are falling and “cash levels are at a premium, particularly in real estate and bitcoin.”

Kiasaki warned that the US dollar was weakening, which led to the adoption of cryptocurrencies that were not regulated by the government. Noting that the Federal Reserve and Treasury are destroying the U.S. dollar, he has repeatedly said he does not trust the government, President Joe Biden, Treasury Secretary Janet Yellen, the Federal Reserve and Fed Chairman Jerome Powell. He doesn’t trust Wall Street either.

The famous author emphasized:

It’s not enough to want to get into crypto… it’s time to get into crypto before the biggest recession in history.

Kiyosaki frequently shares his predictions and investment advice on Twitter.

“It’s about time,” he tweeted on Tuesday. [the] Stocks, bonds, mutual funds, exchange-traded funds (ETFs) and real estate are being destroyed by the “poor to get rich.” He also pointed out that the middle class is disappearing as predicted earlier. The recent tweet appears to be another tweet he made in August when he warned that all markets were crashing. At the time, he also named the silver and bitcoin markets among those he expected to crash.

Kiyosaki, who has been recommending Bitcoin to investors, said in July that he was waiting for the cryptocurrency’s price to rise for several months before jumping in, saying he was waiting for BTC to test $1,100. Cash was in place to buy cryptocurrency.

In addition to BTC, the author of Rich Dad Poor Dad recommends gold and silver. He also said he changed his mind about buying 2-year US Treasuries in August after listening to economist Harry Dent. “I don’t invest in Fed or Wall Street print stuff. It’s time to open my mind,” he admitted.

“Silver will move sideways,” he tweeted on Tuesday. Silver stays at $20 for 3-5 years, then rises to $100 to $500. Everyone can buy even silver. [the] the poor Collect silver now. Kiasaki previously called silver the best investment value today.

What do you think about Robert Kiasaki buying cryptocurrencies now? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, discovered Bitcoin in 2011 and has been an evangelist ever since. His interests are in Bitcoin security, open source systems, network effects and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

DisclaimerThis article is for informational purposes only. It is not an offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal or accounting advice. Neither the Company nor the Author shall be liable, directly or indirectly, for any damages or losses arising out of the use of or reliance on any content, goods or services referred to in this paragraph.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *