14 September 2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now, predicting that the biggest economic crash in world history is incoming. “Now is the time you need to get into crypto,” he stressed.
The author of Rich Dad Poor Dad, Robert Kiyosaki, reportedly told his “Rich Dad Community” mailing list subscribers Sunday that they need to get into crypto now, before the biggest crash in world history hits.
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.
Reiterating his dire predictions to his mailing list subscribers, Kiyosaki wrote:
I predict the biggest crash in world history is coming.
While the famous author has warned about a lengthy downturn, he emphasized that bear markets are the best times for investors to get rich as everything will be on sale. His advice echoed his tweet in July when he said his favorite four-letter word is “sale.” The famous author explained that asset prices are crashing and he is in a “cash position waiting to pick up bargains, especially in real estate and bitcoin.”
Kiyosaki also warned that the U.S. dollar is crashing, leading to mainstream 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 that he does not trust the government, President Joe Biden, Treasury Secretary Janet Yellen, the Federal Reserve, and Fed Chair Jerome Powell. He also does not trust Wall Street.
The renowned author emphasized:
It’s not enough to WANT to get into crypto … Now is the time you NEED to get into crypto, before the biggest economic crash in history.
Kiyosaki also frequently shared his predictions and investment advice on Twitter.
He tweeted Tuesday that it is “time for [the] poor to get rich,” adding that stocks, bonds, mutual funds, exchange-traded funds (ETFs), and real estate are crashing. 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 are crashing. At that time, he also named silver and bitcoin markets among those he expect to crash.
Kiyosaki has been recommending bitcoin to investors for quite some time, stating for several months that he is waiting for the price of the cryptocurrency to bottom out before getting in. 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, the Rich Dad Poor Dad author has recommended gold and silver. He also said in August that he changed his mind about buying 2-year U.S. treasury bonds after listening to economist Harry Dent. “I don’t invest in things Fed or Wall Street print. Time to open my mind,” he conceded.
On Tuesday, he tweeted: “Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even [the] poor. Accumulate silver now.” Kiyosaki previously called silver the best investment value today.
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