Why This Is The Best Time To Buy The Crypto, According To R. Kiyosaki
Bitcoin, gold and luxury brands have just received a resounding stamp of approval from none other than Robert Kiyosaki, the well-known author of the personal finance book “Rich Dad, Poor Dad”.
In a bold move that could revolutionize how people invest their money, the financial guru is urging investors to act quickly and invest their hard-earned money in these products.
And the reason behind its unflinching endorsement? It’s nothing short of eye-opening and could shake up traditional investment strategies as we know them.
Buy Bitcoin Before It Gets Expensive, Says Kiyosaki
On a tweet on March 29, the renowned author urged his followers to invest in assets like Bitcoin (BTC), luxury brands and precious metals like gold before they cost an arm and a leg due to “systemic inflation”.
Kiyosaki also warned that rising interest rates could threaten the future of capitalism.
BUY till you drop. Retail prices falling. Rising interest rates killing capitalism. Rich brands for sale. Buy before systemic inflation is in control. Inflation is systemic and not transitory. Buy Prada, Panerai, Polo, gold, silver, BC before brands get expensive. F’ poverty.
— Robert Kiyosaki (@theRealKiyosaki) March 29, 2023
Photo: Getty Images
With systemic inflation threatening to make everything from groceries to real estate more expensive, it’s essential to invest in assets that hold their value. And Kiyosaki believes that bitcoin and gold are some of the few assets that will not only resist inflation, but also appreciate in value over time.
In a separate tweet, Kiyosaki made it clear that his advice was not intended for people with a “poor or middle-class mindset.” As someone who has long been an advocate of preparing for a potential global economic downturn, the author wants his messages to reach those who are in a position to invest in assets that can weather any financial storm.
Federal Reserve Chair Jerome Powell. Image: Alex Brandon/The Associated Press
Kiyosaki attacks the Federal Reserve
According to Kiyosaki, the US is about to print more money to bail out failed banks, resulting in even higher inflation.
Prior to his most recent warning, Kiyosaki had already accused Federal Reserve Chairman Jerome Powell of lying about the state of inflation. The author is convinced that inflation will continue to rise and that the recent banking crisis will only exacerbate the situation.
BTC total market cap currently at $553 billion on the daily chart at TradingView.com
Two major banks failed. #3 set to go. BUY real gold and silver coins now. No ETFs. When bank #3 goes gold and silver soar. 2008 I predicted Lehman’s collapse days before it crashed on CNN. If you want proof, go to RICH DAD .com. It will be on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
Interestingly, Kiyosaki previously made a cryptic tweet about an impending banking crisis, suggesting that “the third largest bank” was on the verge of collapse. Although he didn’t mention the name of the bank in question, his prediction came true when Signature Bank was declared insolvent just days after his tweet.
Kiyosaki’s warnings about inflation and banking sparked a heated debate among financial and bitcoin experts and enthusiasts.
While some see his predictions as alarmist and overblown, others agree that the global economy is in a precarious state and that investors should start thinking outside the box and putting their money where it belongs.
-Featured image from Medium