Author of Rich Dad Poor Dad Says Biggest Crash in Decades Ahead, Details on Impact on Bitcoin, Gold and Silver
Rich Dad Poor Dad author Robert Kiyosaki is warning of a major financial crash that he believes will impact Bitcoin and precious metals.
The best-selling author tells his 2.1 million Twitter followers that the US federal government’s irresponsible monetary policy is brewing the worst financial disaster since the 1990s.
“ALL BLOW INTO ALL CRASH. I have warned in my books that the biggest crash has unfolded since the 1990s. Instead of fixing problems, the Fed printed WRONG $. in the [the] Everything crashes, everything crashes, even gold, silver, BC. Your ultimate asset in a major crash, your financial wisdom.”
Kiyosaki describes what he sees as a vicious cycle in US monetary policy, beginning with improper borrowing and ending with USD depreciation.
According to Bitcoin Bull, the best defense against such an economic environment is BTC, gold and silver.
“1. The US borrows too much money. 2. The US keeps interest rates low. 3. Low interest rates force the US to borrow more $ to buy more US bonds. 4. To keep interest rates low 5. Causes inflation 5. Forces interest rates up 6. Debt gets too expensive 7. US dollar dies. BUY Gold Silver Bitcoin.”
Kiyosaki said in a recent interview that he’s waiting for a bitcoin crash to buy more BTC, noting that he’s overall bullish on the digital flagship.
“I’m very bullish and bullish on blockchain, so if bitcoin goes down to $1,000 I’ll bet on the truck, but if it goes to $25,000 I won’t buy anymore…
I remember as gold [in the year] In 2000 it was $300 an ounce. You can wait for it to hit $3,000 or $30,000 an ounce before you buy, that’s what stupid people do – they buy at the top of the market.
They all jump in like idiots. I’m waiting for the next crash, the same goes for real estate. Real estate is crashing right now [and] I’m very excited, everything is going on sale… I don’t want to pay retail, I want to pay wholesale. It’s ordinary capitalism.”
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Vlad_Nikon
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.