In recent months, Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, shared not only a catastrophic vision of the global economy but also defended silver, gold, and Bitcoin (BTC). And now he warns: buy these assets before it’s too late.
Time and again, Kiyosaki has criticized the fiat currency and propagated the idea of gold, silver, and Bitcoin (BTC). As Bitcoin hovers around $38,000, he gives one more reminder.
Robert Kiyosaki Urges Take Action Now and Buy Bitcoin
As Bitcoin spot ETF approval is highly anticipated, Kiyosaki urged investors to buy the Bitcoin exchange-traded fund (ETF), if they cannot get direct exposure to BTC. He wrote on X (Twitter):
“CARDBOARD BOX INDEX crashing. Shoppers stopped shopping. That means global economy slowing to possible Depression. Treasury and Fed to print trillions in fake dollars to replace shoppers. Buy gold, silver, Bitcoin. Gold price rising. Silver still cheap approx $35 an ounce. Or Buy Bitcoin ETF. Don’t be caught sleeping like most Americans. Take action now.”
Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach
Previously on Sunday, Kiyosaki pointed out that gold had reached a new all-time high above $2,014. On the other hand, he also warned that the “bad news” is that “workers and savers are the losers” in this scenario. He posted on X:
“Great news, gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now…. Before it’s too late.”
Distrust of Fed and Dollar
Kiyosaki has long been distrustful of fiat currencies, especially the dollar. He also criticizes governments and central banks. For him, these institutions do not exist to protect ordinary citizens, but rather banks.
Last month, the author claimed that while the middle class saves their savings in dollars, the rich save their savings in assets other than fiat currency – and become richer because of it.
Kiyosaki suggests that the more dollars workers accumulate, the poorer they become. In turn, those who accumulate Bitcoin and precious metals are better able to protect their savings in the long run. He wrote then:
“INFLATION makes the POOR & MIDDLE CLASS poorer because they work for and save dollars. Yet, INFLATION makes the RICH RICHER. Why? Because today’s rich work for and save Gold, Silver, and Bitcoin.”
In July, he again criticized the dollar and predicted that Bitcoin would reach $120,000 while there would be an imminent crash in the US stock market and government bonds.
Read more: Simplifying the Bitcoin White Paper: A Comprehensive Guide
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