Robert Kiyosaki, businessman and author of “Rich Dad, Poor Dad,” predicted a colossal market collapse and advised investing in gold, silver and Bitcoin (CRYPTO: BTC) while criticizing financial authorities for their money printing policies.
What happened: On Saturday, Kiyosaki took the stage to express his views on the current economic situation. He predicted a “GIANT MARKET COLLAPSE” and criticized the policies of the Federal Reserve, Treasury, banks and Wall Street.
“GIANT COLLAPSE OF MARKETS here. Q: How can I be so bullish on gold, silver and Bitcoin? A: Because the idiots at the Fed, the Treasury, the banks and Wall Street only know how to print money, which makes things worse. PS: When counterfeit money is printed, the rich, who own real assets, become richer… while the poor and middle class, who save counterfeit money, become poorer due to inflation and taxes. Let inflation make you richer, not poorer. Save Gold, Silver and Bitcoin. Take care of yourself. The collapse is here,” Kiyosaki wrote in the post.
Also read: Kiyosaki warns of global financial crisis: “Protect your assets by investing in real assets”
He has criticized these institutions for excessive money printing, which he believes worsens economic problems. Kiyosaki argued that this practice benefits the rich, who own tangible assets, while hurting the poor and middle class, who save “fake money.”
Why it’s important: Kiyosaki’s comments reflect the author’s long-standing criticism of traditional financial institutions and their policies. He has always advocated financial education and investing in tangible assets like gold, silver and cryptocurrencies such as Bitcoin.
Kiyosaki’s tweet highlights the idea that these assets can serve as a hedge against inflation and the devaluation of fiat currencies, a view shared by many in the cryptocurrency community. Kiyosaki’s advice, “Let inflation make you richer, not poorer,” resonates with his followers, who appreciate his insights on financial matters.
As markets operate amid uncertainty, Kiyosaki’s words remind us of the importance of financial literacy and the potential benefits of diversifying one’s investment portfolio.
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