The author of the best-selling personal finance book Rich Dad Poor Dad says he’s banking on Bitcoin (BTC) and precious metals amid a worsening financial climate.
Robert Kiyosaki tells his 2.4 million Twitter followers that America is in a “sad” state right now because of rising national debt and financial inequality.
Given his outlook on the US economy, he says he will continue to invest in “real assets” which include Bitcoin, silver and gold.
“WHY is [the] stock market taking off? Because the ‘debt ceiling’ was removed. This means national debt to rise with the stock market. Rich get richer as America gets poorer. Sad. Sticking with real money and real assets: gold, silver, Bitcoin.”
The statement reiterates Kiyosaki’s earlier comments about investing in the flagship crypto asset.
In June, he warned that a number of regional banks and mortgage companies were on the verge of collapse. He also predicted an impending real estate crash, which he says will be worse than the housing market meltdown of 2008.
Kiyosaki also said that Americans should buffer themselves from financial catastrophe by accumulating precious metals and Bitcoin.
The best-selling author recently predicted that Bitcoin would hit the six-figure mark in 2024. He says Bitcoin’s rally will likely happen as he expects the US dollar to weaken following the introduction of a new BRICS currency.
According to Kiyosaki, the economic bloc made up of Brazil, Russia, India, China, and South Africa is gearing up to unveil a new gold-backed currency that’s designed to compete with the US dollar.
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