‘Rich Dad’ Author Says Investors ‘Need to Get Into Crypto' Ahead of 'Biggest Economic Crash'

Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, has said that investors “need to get into crypto” ahead of the “biggest economic crash in world history.”

“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”

According to Business Insider, Kiyosaki has shared with his “Rich Dad Community” mailing list over the weekend that they need to invest in cryptocurrencies ahead of the crash, suggesting digital assets are the best defense against it.

In his message, Kiyosaki predicted that the “biggest crash in world history is coming” and noted that bear markets are the best times for investors to accumulate wealth as the prices of assets are lower.

The best-selling author added that asset prices are crashing while he is in a “cash position waiting to pick up bargains, especially in real estate and bitcoin.” Per his words, the U.S. Federal Reserve and Treasury are destroying the U.S. dollar, which he noted is leading to mainstream acceptance of cryptocurrencies that aren’t controlled by central entities.

Kiyosaki added:

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

Kiyosaki has notably been a BTC bull for years and has even revealed earlier this year he has invested in the smart contract platform Solana. Notably, others remain bullish on the long-term, with Bloomberg commodity strategist Mike McGlone revealing earlier this month he believes BTC will hit $100,000 by 2025.

On social media, Kiyosaki has said now’s the “time for poor to get rich” as stocks, bonds mutual funds, exchange-traded funds (ETFs)) and real estate are crashing. The author advised his followers to “accumulate silver now” as an additional strategy.

Kiyosaki has in the past also told his followers to bet on gold, along with silver and BTC. The precious metal has outperformed the S&P 500 and the flagship cryptocurrency year-to-date as risk asset prices crash.

Image Credit

Featured image via Pixabay

Source: Read Full Article