Editor's PiCK

'Rich Dad' Kiyosaki: "This Stock Market Crash is the End of 'Fake Assets'... Time to Buy Bitcoin"

Source
Minseung Kang

Summary

  • Kiyosaki predicted that gold, silver, and Bitcoin will gain attention amid downward pressure on the stock market.
  • He emphasized the importance of holding tangible assets as the end of 'fake assets' approaches.
  • He stated that this financial crisis is likely to worsen inflation with the intervention of the Federal Reserve and the Treasury Department.

Robert Kiyosaki, the author of the global bestseller 'Rich Dad Poor Dad', predicted that as the downward pressure on the stock market increases, gold, silver, and Bitcoin (BTC) will gain attention.

According to the cryptocurrency media outlet U Today on the 5th, Kiyosaki stated on his X (formerly Twitter), "I warned of a massive stock market crash that would undermine the financial stability of the baby boomer generation in my book 'Rich Dad's Prophecy', and that prophecy has come true."

Kiyosaki said, "This crisis could spread beyond a recession to a long-term depression," and argued, "Baby boomers don't have time for long-term investments. They should hold tangible assets outside of Wall Street like gold, silver, and Bitcoin instead of stocks, bonds, and ETFs."

He added, "This collapse of the financial market will sweep away millions of 'fake assets'," and anticipated, "The Federal Reserve and the Treasury Department are likely to print massive amounts of dollars again." He pointed out, "It's not that the prices of gold, silver, and Bitcoin are rising, but that the value of the dollar is falling," and criticized, "The government and banks are stealing our wealth through inflation."

He concluded, "If you still have runway (time), save real money like gold, silver, and Bitcoin," and added, "A fierce storm is coming."

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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