Well-known author of the best-selling book Rich Dad, Poor Dad, Robert Kiyosaki, issued a warning that “everything will collapse”. With gold and silver, he also recommends investing in Bitcoin, seeing the dips as buying opportunities, adding that he will personally buy more.
Robert Kiyosaki Reiterates Market Crash Forecast
Rich Dad Poor Dad author Robert Kiyosaki reiterated his warning of a market crash. Rich Dad Poor Dad, a 1997 book by co-authors Kiyosaki and Sharon Lechter, has been on the New York Times Best Seller List for over six decades and has sold over 32 million copies in more than 51 languages in over 109 countries.
Citing the fact that more than 144,000 people have lost their jobs in the tech industry by 2022 and 66,000 more have been laid off so far this year, Kiyosaki tweeted on Friday that “everything, including gold, silver, and bitcoin, will be destroyed.” However, he reassured his 2.3 million Twitter followers not to panic, saying he will use “fake” dollars to buy more gold, silver, and Bitcoin, which he calls “real money.” The famous author wrote:
It’s coming here… Everything, including prices, will crash. [for] gold, silver, bitcoin. Don’t panic. Good news. I’ll buy more gold, silver, or bitcoins with fake $.
Kiyosaki has previously stated that BTC, gold, and silver are real money, while the US dollar is fake money, because it is not pegged to something “real” like gold, but to “full faith and credit” from the United States. He also repeatedly warned about market crashes, claiming that the world will see the “biggest crash in world history” and advising investors to buy gold, silver, or Bitcoin as the Federal Reserve raises interest rates and prints trillions of dollars.
In October of last year, the Rich Dad Poor Dad author urged crypto investors to invest now before the “worst crash in world history” happens. Kiyosaki has previously stated that he is a Bitcoin investor and not a trader, which is why he gets excited when BTC hits a new bottom. He said he likes Bitcoin, calling it the “people’s money,” adding that he is buying more BTC and warning that the US will not be pleased if the Securities and Exchange Commission (SEC) destroys most cryptocurrencies.
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