Rich Dad Poor Dad’s Robert Kiyosaki Warns ‘Everything Will Crash’ — Plans to Buy More Bitcoin

Noted best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that “everything is going to crash,” including gold, silver, and bitcoin. However, he sees the crashes as buying opportunities, noting that he will buy more bitcoin.

Robert Kiyosaki echoes market crash warning

Rich Dad Poor Dad author Robert Kiyosaki repeated his warning about market crashes. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lecter. It was on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages ​​in over 109 countries.

Citing that more than 144,000 people in the tech industry have lost their jobs in 2022 and another 66,000 people have been laid off this year, Kiyosaki tweeted on Friday that everything, including gold, silver and bitcoin, will collapse. However, he told his 2.3 million Twitter followers not to panic, adding that he would use “fake” dollars to buy more gold, silver and bitcoin, which he called “real money”. A famous writer wrote:

The collapse is already here… Everything will collapse, including prices [of] gold, silver, bitcoin. Do not panic. Good news. I will buy more gold, silver, bitcoins, real money with fake dollars.

Kiyosaki previously explained that gold, silver and BTC is real money, while the US dollar is counterfeit money “because instead of being pegged to real money” like gold, “it was pegged to the ‘full faith and credit’ of the United States.” The well-known author has stated several times that he does not trust the Biden administration, the Treasury Department, the Federal Reserve, or Wall Street.

He also repeatedly warned of market crashes, including “the biggest crash in world history.” Last October, he said the stock, bond and real estate markets would crash as the Federal Reserve continues to raise interest rates, advising investors to buy gold, silver and bitcoin. He expects bitcoin investors to get richer as the Fed turns around and prints trillions of dollars.

In addition, in October last year, a well-known author predicted the collapse of the US dollar. In addition, he recently said that we are in a global recession, warning of a sharp increase in bankruptcies, unemployment and homelessness.

Last September, the author of Rich Dad Poor Dad urged investors to get into crypto now before the biggest crash in world history occurs. Kiyosaki previously explained 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 loves bitcoin, calling the cryptocurrency “the people’s money.” Declaring that he buys more BTChe warned that the US Securities and Exchange Commission (SEC) would crush most other cryptocurrencies.

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