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 will buy more bitcoin.
Robert Kiyosaki Reiterates Market Crash Warning
The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated 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 Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Citing that more than 144,000 people in the tech industry lost their jobs in 2022, and 66,000 more have been let go so far this year, Kiyosaki tweeted Friday that everything will crash, including gold, silver, and bitcoin. Nonetheless, 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 will buy more gold, silver, bitcoin, real money with fake $.
Kiyosaki previously explained that gold, silver, and BTC are real money whereas the U.S. dollar is fake money “because rather than being tied to real money,” such as gold, “it was tied 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 about market crashes, including the “biggest crash in world history.” In October last year, he said 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 richer when the Fed pivots and prints trillions of dollars.
Furthermore, the renowned author predicted in October last year that the U.S. dollar will crash. In addition, he recently said we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
In September last year, the Rich Dad Poor Dad author urged investors to get into crypto now before the biggest crash in world history happens. Kiyosaki previously explained that he is a bitcoin investor, not a trader, so he gets excited when BTC hits a new bottom. He said that he likes bitcoin, calling the cryptocurrency “people’s money.” While stating that he is buying more BTC, he cautioned that the U.S. Securities and Exchange Commission (SEC) will crush most other cryptocurrencies.
What do you think about the warning by Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer