Famous author of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now, predicting that the biggest economic crash in global history is imminent. “Now is the time to get into crypto,” he stressed.
Robert Kiyosaki says now is the time to buy crypto
Rich Dad Poor Dad author Robert Kiyosaki reportedly told subscribers to his “Rich Dad Community” mailing list on Sunday that they needed to get into crypto now, before the biggest crash in world history not happen.
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 more than six years. Over 32 million copies of the book have been sold in over 51 languages in over 109 countries.
Reiterating his dire predictions to his mailing list subscribers, Kiyosaki wrote:
I predict the greatest crash in the history of the world is coming.
While the famous author warned of a prolonged downturn, he pointed out that bear markets are the best times for investors to get rich because everything will be on sale. His advice echoed his July tweet when he said his favorite four-letter word was “sale.” The famed author explained that asset prices are collapsing and he is in a “cash position waiting for good deals, especially in real estate and bitcoin.”
Kiyosaki also warned that the US dollar is collapsing, which will lead to widespread acceptance of cryptocurrencies that are not controlled by governments. Noting that the Federal Reserve and the Treasury are destroying the U.S. dollar, he repeatedly said he did not trust the government, President Joe Biden, Treasury Secretary Janet Yellen, the Federal Reserve and the President of the Fed, Jerome Powell. He doesn’t trust Wall Street either.
The famous author pointed out:
It’s not enough to WANT to get into crypto… Now is the time you MUST get into crypto, before the biggest economic crash in history.
Kiyosaki also frequently shared his predictions and investment tips on Twitter.
He tweeted on Tuesday that it was “time for [the] poor to get rich,” adding that stocks, bonds, mutual funds, exchange-traded funds (ETFs) and real estate are plummeting. He noted that the middle class is being wiped out as he previously predicted. His latest tweet resembles another tweet he made in August when he warned that all markets were collapsing. Around this time, he also named the silver and bitcoin markets among those he expects to crash.
Kiyosaki has been recommending bitcoin to investors for some time, saying for several months that he was waiting for the cryptocurrency’s price to bottom before entering. After revealing that he was waiting for BTC to test $1,100, he said in July that he was in a cash position waiting to buy the cryptocurrency.
Besides BTC, author Rich Dad Poor Dad recommended gold and silver. He also said in August that he had changed his mind about buying 2-year US Treasury bonds after listening to economist Harry Dent. “I don’t invest in Fed or Wall Street pamphlets. It’s time to open my mind,” he conceded.
On Tuesday, he tweeted: “Silver moves sideways. Silver to stay at $20 for 3-5 years then climb to $100-$500. Anyone can afford silver even [the] poor. Accumulate money now. Kiyosaki previously called silver the best investment value today.
What do you think of Robert Kiyosaki’s advice on buying cryptocurrencies now? Let us know in the comments section below.
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