"Rich Dad Poor Dad" Author Advocates for Bitcoin and others
Robert Kiyosaki, author of "Rich Dad Poor Dad," urges investors to consider Bitcoin, gold, and luxury brands as investment options in the face of systemic inflation and potential global economic crises.
Robert Kiyosaki, the acclaimed author of the personal finance book "Rich Dad Poor Dad," has given a resounding endorsement to Bitcoin, gold, and luxury brands as investment options. This bold recommendation from the financial expert has the potential to reshape conventional investment strategies.
Kiyosaki's Urgent Call: Invest in Bitcoin Before It's Too Costly
In a tweet on March 29, Kiyosaki encouraged his followers to invest in assets like Bitcoin (BTC), luxury brands, and precious metals like gold before they become prohibitively expensive due to "systemic inflation." He also cautioned that rising interest rates could put capitalism's future at risk.
As systemic inflation threatens to raise the cost of everything from groceries to real estate, investing in assets that maintain their value is crucial. Kiyosaki asserts that Bitcoin and gold are among the few assets that can not only resist inflation but also appreciate in value over time.
In another tweet, Kiyosaki clarified that his advice targets those who do not have a "poor or middle-class mindset." As an advocate for preparedness in the face of potential global economic crises, he wants his message to reach individuals capable of investing in assets capable of weathering financial storms.
Kiyosaki believes that the U.S. is on the brink of printing more money to rescue failing banks, resulting in even greater inflation. He had previously accused Federal Reserve Chair Jerome Powell of lying about inflation levels, and he is convinced that inflation will keep rising, with the recent banking crisis only making matters worse.
In a previous cryptic tweet, Kiyosaki hinted at an upcoming banking crisis, suggesting that "the third major bank" was close to collapsing. Although he did not identify the bank, his prediction proved accurate when Signature Bank was declared insolvent shortly after his tweet.
Kiyosaki's warnings about inflation and the banking system have ignited a fierce debate among Bitcoin and finance experts. While some view his predictions as overly alarmist, others concur that the global economy is in a precarious state and investors should consider unconventional options for their money.
