Now’s the Time to Buy Bitcoin, Says ‘Rich Dad, Poor Dad’ Author, ‘Shop Till You Drop’

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Robert Kiyosaki, former real estate investor and now financial education author and entrepreneur, also known for his book “Rich Dad Poor Dad,” has published a tweet sharing why it’s worth buying Bitcoin now, as well as other major assets.

“Shop till you drop”: Bitcoin, Gold, Silver

Kiyosaki tweeted that “retail prices are falling”. He stated that “rich brands are on sale,” and recommended that society start buying before the US government gets systemic inflation back under control. Highlighting his view, Kiyosaki stressed that the current inflation is systemic and not transitory, as government officials and Fed officials announced, when it first started back in 2020 with the spread of the pandemic.

That’s why Kiyosaki is now recommending that his followers start buying “rich brands”, naming Prada and Polo shares, alongside gold, silver and Bitcoin, before these become more expensive. Gold, silver and BTC are the “common pack” recommended by Kiyosaki since the start of 2020, when he took to Twitter many times to announce that the USD was “almost dead.” His view was based on the Federal Reserve printing money to support the economy. In 2020 alone, over 6 trillion USD was printed “out of thin air”.

One of his followers told Kiyosaki that he agrees with the advice to buy Bitcoin and the aforementioned precious metals. But he wondered why he should buy Prada and Polo shares. The financial guru left the question unanswered.

“The global financial crisis is getting worse”

Earlier this month, Kiyosaki shared on Twitter that he believed the global financial crisis was worsening. He said “more and more dominoes” fell after major US banks began to fail.

These include Silvergate Bank, Silicon Valley Bank, and Signature Bank (all of which were “crypto-friendly” and offered banking services to crypto exchanges and blockchain companies, such as Ripple Labs). Several other banks followed suit.

Curiously, after Silicon Valley Bank went down, Kiyosaki tweeted that “the third big bank” was ready to fall. He did not share any names, but a few days after his prediction, Signature Bank was declared insolvent. When SVB closed down, the share price in Signature Bank began to fall.

Bet on BTC to reach $500,000

Earlier this year, Kiyosaki shared his expectations of how high Bitcoin, gold and silver could go if the Fed were to keep the money printing machine going. Kiyosaki believes that in just two years, Bitcoin could be well worth half a billion USD, gold could rise to $5,000 per ounce and silver would reach $500 per ounce.

He tweeted that such a massive increase in safe-haven asset prices is likely because the US dollar will be destroyed by “fake money” – trillions of USD that the Fed continues to print. Now the US government is bailing out failing US banks, and circulating more newly printed USD throughout the US economy.