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The well-known writer of the best-selling guide Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that “every part will crash,” together with gold, silver, and bitcoin. Nonetheless, he sees crashes as shopping for alternatives, noting that he’ll purchase extra bitcoin.
Robert Kiyosaki Reiterates Market Crash Warning
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, has reiterated his warning about market crashes. Wealthy Dad Poor Dad is a 1997 guide co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Finest Vendor Listing for over six years. Greater than 32 million copies of the guide have been offered in over 51 languages throughout greater than 109 international locations.
Citing that greater than 144,000 folks within the tech business misplaced their jobs in 2022, and 66,000 extra have been let go thus far this 12 months, Kiyosaki tweeted Friday that every part will crash, together with gold, silver, and bitcoin. Nonetheless, he advised his 2.3 million Twitter followers to not panic, including that he’ll use “faux” {dollars} to purchase extra gold, silver, and bitcoin, which he known as “actual cash.” The well-known writer wrote:
Crash is right here … All the pieces will crash together with costs [of] gold, silver, bitcoin. Don’t panic. Excellent news. I’ll purchase extra gold, silver, bitcoin, actual cash with faux $.
Kiyosaki beforehand defined that gold, silver, and BTC are actual cash whereas the U.S. greenback is faux cash “as a result of slightly than being tied to actual cash,” equivalent to gold, “it was tied to the ‘full religion and credit score’ of the US.” The well-known writer has stated on a number of events that he doesn’t belief the Biden administration, the Treasury, the Federal Reserve, or Wall Road.
He has additionally repeatedly warned about market crashes, together with the “greatest crash in world historical past.” In October final 12 months, he stated the inventory, bond, and actual property markets will crash because the Federal Reserve continues to boost rates of interest, advising traders to purchase gold, silver, and bitcoin. He expects bitcoin traders to get richer when the Fed pivots and prints trillions of {dollars}.
Moreover, the famend writer predicted in October final 12 months that the U.S. greenback will crash. As well as, he just lately stated we’re in a worldwide recession, warning of hovering bankruptcies, unemployment, and homelessness.
In September final 12 months, the Wealthy Dad Poor Dad writer urged traders to get into crypto now earlier than the most important crash in world historical past occurs. Kiyosaki beforehand defined that he’s a bitcoin investor, not a dealer, so he will get excited when BTC hits a brand new backside. He stated that he likes bitcoin, calling the cryptocurrency “folks’s cash.” Whereas stating that he’s shopping for extra BTC, he cautioned that the U.S. Securities and Change Fee (SEC) will crush most different cryptocurrencies.
What do you consider the warning by Wealthy Dad Poor Dad writer Robert Kiyosaki? Tell us within the feedback part under.
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