Robert Kiyosaki restated his belief in an upcoming economic downturn and recommended protecting oneself by investing in assets such as Bitcoin, gold, and silver.
Robert Kiyosaki, known for his popular book ‘Rich Dad Poor Dad,’ is a well-known supporter of alternative investments like Bitcoin, gold, and silver. He is raising concerns about the United States facing a possible debt default and warns of an upcoming severe recession and growing corruption in the country. Kiyosaki advises his followers to consider Bitcoin as a protective measure against these challenges. He believes Bitcoin can both increase in value and provide insurance during uncertain times.
Kiyosaki Supports Bitcoin as Defense Against Corruption.
On Friday, the 76-year-old author and entrepreneur expressed his concerns about the current state of the country’s economy, describing it as a worrisome situation with a potential “crash landing” on the horizon.
In a situation where corruption is widespread and incompetence is prevalent, he highlighted the mentioned assets as the best protection against the upcoming crisis. He stressed their reliability in turbulent times, comparing them to insurance policies that can withstand volatility.
Kiyosaki’s Multiple Warnings Of Economic Crisis
Robert Kiyosaki consistently criticizes the US government and the US dollar, often referring to the currency as “toilet paper” and expressing doubts about its future as the global reserve currency. He has also highlighted the yield curve inversion as a potential indicator of an upcoming recession.
In addition, the renowned author expressed his concerns about the US government’s proposal to introduce a Central Bank Digital Currency (CBDC), seeing it as a threat to people’s privacy. Kiyosaki believes that the CBDC would enable the government to monitor individuals’ financial activities and engage in undisclosed operations. Instead, he views Bitcoin as a superior option and predicts its value to reach $100,000 by the end of the year.
Currently, the price of Bitcoin is around $26,945, which is a slight decrease of 0.70% in the past twenty-four hours. However, it has still seen a positive trend with a gain of 2.31% over the last seven days.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.