The famous author of the best-selling book Rich Dad, Poor Dad, Robert Kiyosaki, has warned that “everything will collapse”, including gold, silver and bitcoin. However, he sees the dips as buying opportunities and notes that he will buy more bitcoins.
Robert Kiyosaki Reiterates Market Fall Warning
Rich Dad Poor Dad author Robert Kiyosaki has reiterated his warning about falling markets. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller 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.
Citing that more than 144,000 people in the tech industry have lost their jobs in 2022, and 66,000 more have been laid off so far this year, Kiyosaki tweeted on Friday that everything will collapse, including gold, silver and bitcoin. However, 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 the prices (of) gold, silver, bitcoin. Don’t panic. Good news. I will buy more gold, silver, bitcoin, real money with fake $.
Kiyosaki previously explained that gold, silver, and BTC they are real money, while the US dollar is counterfeit money “because instead of being pegged to real money,” like gold, “it was pegged 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, the Federal Reserve or Wall Street.
He has also repeatedly warned of market crashes, including the “biggest crash in world history.” In October of last year, he said that the stock, bond and real estate markets will crash as the Federal Reserve continues to raise interest rates, advising investors to buy gold, silver and bitcoin. He expects bitcoin investors to get rich when the Fed spins up and prints trillions of dollars.
Furthermore, the renowned author predicted in October of last year that the US dollar would collapse. Furthermore, he recently said that we are in a global recession, and warned of rising bankruptcies, unemployment and homelessness.
In September of last year, the author of Rich Dad Poor Dad urged investors to get into crypto now before the biggest crash in world history occurs. Kiyosaki previously explained that he is a bitcoin investor, not a trader, which is why he gets excited when BTC hit a new bottom. He said that he likes bitcoin, calling the cryptocurrency “people’s money.” While he claims that he is buying more BTCwarned that the US Securities and Exchange Commission (SEC) will crush most other cryptocurrencies.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warning? Let us know in the comments section.
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