Why this is the best time to buy Crypto, according to R. Kiyosaki
Bitcoin, gold and luxury brands just got a thundering stamp of approval from none other than Robert Kiyosaki, the famous author of the personal finance book Rich Dad Poor Dad.
In a bold move that could revolutionize the way people invest their money, the financial guru is urging investors to act fast and pour their hard-earned money into these products.
And the reason behind his unwavering adherence? It is nothing short of eye-opening and could shake up traditional investment strategies as we know them.
Buy Bitcoin before it gets expensive, says Kiyosaki
In a chirping On March 29, the acclaimed author urged his followers to invest in assets like Bitcoin (BTC), luxury brands and precious metals like gold before it costs an arm and a leg due to “systemic inflation.”
Kiyosaki also warned that rising interest rates could threaten the future of capitalism.
BUY til YOU DROP. Retail prices are falling. Rising interest rates kill capitalism. Rich brands on sale. Buy before systemic inflation is under control. Systemically, inflation is not transitory. Buy Prada, Panerai, Polo, gold, silver, BC before the brands become expensive. F’ poverty.
— Robert Kiyosaki (@theRealKiyosaki) March 29, 2023
Photo: Getty Images
With systemic inflation threatening to make everything from groceries to real estate more expensive, it’s important to invest in assets that hold their value. And Kiyosaki believes that bitcoin and gold are some of the few assets that will not only withstand inflation, but will also increase in value over time.
In a separate tweet, Kiyosaki made it clear that his advice was not intended for people with a “poor or middle-class mindset.” As a longtime advocate of preparedness in the face of a potential global economic crisis, the author wants his messages to reach those in a position to invest in assets that can weather any financial storm.
Federal Reserve Chair Jerome Powell. Image: Alex Brandon/The Associated Press
Kiyosaki resigns at the Federal Reserve
According to Kiyosaki, the US is ready to print more money to bail out failing banks, resulting in even higher inflation.
Before his latest warning, Kiyosaki had previously accused Jerome Powell, the chairman of the Federal Reserve, of lying about the state of inflation. The author is convinced that inflation will continue to rise and that the recent banking crisis will only worsen the situation.
BTC total market cap currently at $553 billion on the daily chart at TradingView.com
Two major banks have crashed. #3 ready to go. BUY real gold and silver coins now. No ETFs. When Bank #3 gold and silver rocket up. 2008 I predicted the collapse of Lehman days before it crashed on CNN. If you want proof, go to RICH DAD .com. Coming on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
Interestingly, Kiyosaki previously made one cryptic tweet about an impending banking crisis, suggesting that the “third big bank” was on the verge of collapse. Although he did not name the bank in question, his prediction came true when Signature Bank was declared insolvent just days after his tweet.
Kiyosaki’s warnings about inflation and the banking system have sparked a heated debate among bitcoin and financial experts and enthusiasts.
While some see his predictions as alarmist and exaggerated, others agree that the global economy is in a precarious position and that investors should start thinking outside the box and put their money where they should be.
– Featured image from Medium
