It’s time for Bitcoin, says “Rich Dad, Poor Man” author as he predicts major collapse

Prominent investor and non-fiction author Robert Kiyosaki, best known for his best-selling book on financial literacy, “Rich Dad, Poor Dad,” has been a vocal Bitcoin supporter for the past two years.

Now he has taken to Twitter to predict the massive collapse of the US dollar and the economy, stating that it is time for Bitcoin, silver and gold.

“Millions to be wiped out,” here’s when Bitcoin comes in

In his tweet, Kiyosaki stated that even with food and fuel prices rising, average people are only able to see these microeconomic things, but macroeconomic issues remain invisible to them. It is time to accumulate not only Bitcoin in this case, but also silver and gold.

WHY MILLIONS SHOULD BE REVEALED: People CAN see MICROECONOMICS: Food and fuel prices are rising. CANNOT SEE MACRO ECONOMICS. Macro Econ INVISIBLE. Protect yourself from macros. Buy Gold, Silver, Bitcoin. Silver best investment in October 2022. Everyone can afford $20 silver…but are blind.

— therealkiyosaki (@theRealKiyosaki) 9 October 2022

Over the past two years, since the start of the pandemic, Kiyosaki has predicted the coming collapse of the USD as the Federal Reserve printed more than $6 trillion in 2020 alone. This year, the US Federal Reserve has raised interest rates several times, with some of these increases being the largest in decades.

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Along with the fall in the USD, he has predicted the crash in the financial markets, saying that the biggest crash has been since the 1990s.

In the aforementioned tweet, the author of “Rich Dad, Poor Dad” bets on silver once again. He believes that this precious metal will rise in value in the coming years as it has many uses in various industries. He insists that everyone can afford to buy a silver dollar for $20, but people are not taking advantage of this opportunity.

Bitcoin losing $19,000 is dangerous

Analyst Ali Martinez believes that it is important for Bitcoin to maintain the $19,000 level. He has studied data provided by IntoTheBlock analytics aggregator. It says that $19,000 is the key support level at the moment – this is where 1.3 million wallets captured more than 680,000 Bitcoins. Below $19,000 there is “little to no support,” IntoTheBlock tweeted.

#Bitcoin | Losing the $19,000 support level could spell trouble!

— Ali (@ali_charts) 10 October 2022

Overall, the community remains positive on the leading digital currency. One of the influencers who tweeted about it today and Sunday is David Gokhshtein, founder of Gokhshtein Media and former US congressional candidate. He wrote that he expects Bitcoin to break out soon.

#Bitcoin must break out here soon.

— David Gokhshtein (@davidgokhshtein) 9 October 2022