Contents
- “The economy crashes, the stock markets break”
- “Millions to be wiped out”
Bitcoin can protect you when the economy crashes, the markets come to a standstill
Yuri Molchan
Renowned real estate and BTC investor believes Bitcoin will become much more important now, during the unemployment crisis
Robert Kiyosaki, investor, entrepreneur and author of a popular financial literacy book, “Rich Dad, Poor Dad,” has stated in a recent tweet that Bitcoin is becoming much more important now.
“The economy crashes, the stock markets break”
Kiyosaki took to Twitter to remind the public of the current crash in the US and global economy, as stock markets plunge, unemployment rises and pensions also crash.
In this case, he believes that Bitcoin is something that can protect one’s wealth; however, he adds that BTC will not protect one’s income in the current state of the economy. He has many times tweeted predictions of a major crash in the USD and the US economy to come, saying it has been building since the 1990s.
He believes that every crisis is also a time of great opportunity, according to tweets published earlier in the year. Any “side hustle,” he tweeted this time, could “bring you income” and “grow into the next Amazon or Bitcoin.”
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Gold, Silver, Bitcoin can protect your KINGDOM…but not your INCOME. As the economy crashes, stock markets crash, pensions crash and unemployment rises, a SIDEKRYT can bring you income. Who knows,? Your side hustle can grow into the next Amazon or Bitcoin. Have a good time. Be aware of.
— therealkiyosaki (@theRealKiyosaki) 13 October 2022
Aside from BTC, the author of “Rich Dad, Poor Dad” chooses gold and silver as safe assets. In particular, he has tweeted recently and also two years ago, when the economy was hit hard by the rise of the pandemic, that silver can be bought in coins worth $20. Everyone can afford these, he reckons.
As a reminder, in 2020, the US government printed more than $6 trillion in aid checks to American households and in support of banks and large businesses. Many criticized this move then and still criticize it now, stating that the sharp increase in the money supply has been the main driver of the current staggering rate of inflation, not only in the United States, but also in Europe and around the world.
“Millions to be wiped out”
Less than a week ago, Kiyosaki shared a prediction that the wealth of millions is going to be wiped out now in the United States. However, only the minority can see macroeconomic factors underlying the current economic crash and inflation.
Macroeconomic reasons for that are “invisible,” he stated. Here he again mentioned Bitcoin, silver and gold. Another reason for his attention to Bitcoin, which Kiyosaki shared recently, was that pension funds are starting to bet on the leading digital currency, even though the Forbes article he referenced in that tweet sarcastically called those efforts “gambling.”
