Rich Dad Poor Dad author Robert Kiyosaki is warning of a major financial crash that he says will have implications for Bitcoin and precious metals.
bestselling author recount its 2.1 million Twitter followers that the greatest financial cataclysm since the 1990s is brewing due to irresponsible US federal monetary policies.
“ALL BUBBLE in ALL CRASH. I warned in my books, the biggest crash has been building since the 1990s. Rather than solving the problems, FED printed FALSE $. In [the] Everything crashes, everything crashes, even gold, silver, BC. Your ultimate asset in a giant crash, your financial wisdom.
Kiyosaki details what he sees as a vicious cycle of monetary policy in the United States, which begins with an unreasonable amount of borrowing and ends with the devaluation of the US dollar.
According to the Bitcoin bull, the best defense against such an economic environment is BTC, gold and silver.
“1. The United States is borrowing too much money. 2. The United States keeps interest rates low. 3. Low interest rates force the US to borrow more $ to buy more US bonds 4. to keep interest rates low 5. Causes inflation 5. Forces interest rates up 6. Debt gets too expensive 7. US dollar dies. BUY Gold-Silver-Bitcoin.
Kiyosaki said in a recent interview that he was waiting for a Bitcoin crash to buy more BTC, noting that he was generally bullish on the flagship digital asset.
“I’m very bullish and bullish on the blockchain, so if Bitcoin goes down to $1,000, I back the truck, but if it goes down to $25,000, I don’t buy anymore…
I remember when gold [in the year] 2000 was $300 an ounce. You can wait until it hits $3,000 or $30,000 an ounce before you buy, that’s what stupid people do – they buy at the top of the market.
They all jump like idiots. I’m waiting for the next crash, same for real estate. Real estate is collapsing right now [and] It excites me a lot, everything is on sale… I don’t want to pay retail, I want to pay wholesale. It is common capitalism.
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