Author Of ‘Rich Dad, Poor Dad’ Doubles Down On Bitcoin, Warns Of An Economic Crash
- Robert Kiyosaki, has predicted that there is a strong economic crash incoming and added that leading cryptocurrency Bitcoin (BTC) could be the savior.
- While BTC will not generate additional income, Kiyosaki pointed out that investors should take their time to generate side hustles for additional cash flow.
- Kiyosaki also believes that the US Dollar is soon about to collapse and that real estate is no more a good option for investing wealth in.
The author of the best-selling and all-time classic personal finance book “Rich Dad, Poor Dad,” Robert Kiyosaki, has predicted that there is a strong economic crash incoming and added that it is imperative for people to take the help of the world’s biggest cryptocurrency Bitcoin (BTC) to stay afloat and not succumb to degrading valuations and market volatility. Amid the Fed’s rate hikes and fear of an economic recession, the followers of Kiyosaki are pleased with the author’s bullish comments on the leading cryptocurrency.
Additionally, Kiyosaki also pointed out that the market will collapse and Bitcoin could protect the wealth of individuals. However, it is also a fact that it will not generate additional income and there are still chances of normal people getting affected by the upcoming economic crash predicted by Kiyosaki. As a result, the author and economic expert believes that people should also take their time to develop side hustles in order to achieve economic freedom and keep cash flowing into their household.
“Gold, silver, Bitcoin may protect your WEALTH…but not your INCOME. As economy crashes, stock markets go bust, pensions crash and unemployment rises a SIDE HUSTLE may provide you income. Who knows? Your side hustle may grow into the next Amazon or Bitcoin. Take care. Be aware,”
Kiyosaki said.
Kiyosaki has become a supporter of Bitcoin and seeing the widespread adoption of cryptocurrencies in general, he believes that the leading cryptocurrency is indeed a good investment option. The author also pointed out that while investment in Bitcoin is a good option and coupled with a side hustle could result in optimistic returns, putting money in real estate might not be a very good option.
“Why I NO LONGER recommend REAL ESTATE. In my 2022 book Capitalist Manifesto, I stated Marxist took over the US in the 2020 election. Marxists will raise property taxes, impose rent controls, as rising interest rates decrease property values. I recommend gold, silver, Bitcoin,”
he said.
It is also crucial to mention here that Kiyosaki believes that due to skyrocking inflation caused by the Fed and then the subsequent steps taken to control it, precious metals like gold and Bitcoin are the only good investment options. Meanwhile, he believes that the US Dollar is about to crash and the traditional finance investment products have lost the trust of the investors since they could not combat inflation.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
