Bitcoin Crash: ‘Rich Dad Poor Dad’ Author Expects Huge Market Crash, Touts Crypto

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Robert Kiyosaki predicted the largest market crash in history in an email to his followers. The “Rich Dad Poor Dad” author touted crypto as a potential winner from the economic collapse. Kiyosaki previously said bitcoin has zero value, and he doesn’t trade it seriously.

Investors are barreling towards a catastrophic market collapse and should buy cryptocurrencies before they usurp the US dollar and transform the entire financial system, Robert Kiyosaki told his followers in an email on Sunday.

“I predict the biggest crash in world history is coming,” the “Rich Dad Poor Dad” author and personal-finance guru told subscribers to the “Rich Dad Community” mailing list.

Kiyosaki forecasted a lengthy downturn but reiterated his view that bear markets are the best times for investors to snag bargains and score outsized returns. He also asserted the US dollar would crash the existing economic system, leading to mainstream acceptance of crypto, as it isn’t controlled by the government.

“It’s not enough to WANT to get into crypto,” he said. “Now is the time you NEED to get into crypto, before the biggest economic crash in history.”

However, Kiyosaki dismissed the most popular crypto as worthless on his radio show in May. “I trade bitcoin. But I don’t think it has any value. I just play the game.”

Moreover, bitcoin and other digital coins have tumbled alongside stocks and other risk assets this year, suggesting many crypto fans aren’t fully convinced they’ll revolutionize global finance.

https://www.youtube.com/watch?v=m-NO6r5LEHE

Kiyosaki has repeatedly warned of a sprawling bubble in asset prices, and cautioned it would end with a painful pop. He tweeted on August 30 that the crash was underway, pointing to the sliding prices of stocks, bitcoin, gold, silver, and real estate.

The doomsayer also issued some offbeat advice in June for investors looking to beat inflation. He recommended stockpiling canned goods such as tuna and baked beans, along with household goods including trash bags and toilet paper, to get ahead of price increases.

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About Priyanka Pandey 140 Articles
Priyanka Pandey is a woman of words who believes the pen is mightier than the sword. She wants to bring a change in her surroundings using the power of words. She is a bold content writer who wants to follow her passion for writing and get her works published under a renowned publishing firm's name. The current news topics, especially those related to politics, are her favorite.

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