Famous author Robert Kiyosaki, author of the bestselling book “Rich Dad Poor Dad”, reiterated his perspective on the future of the US economy. A series he made a while ago in the tweet, bitcoinemphasized that gold and silver are very important investments and made thought-provoking statements.
Kiyosaki’s predictions were dire, suggesting that the real estate crash in 2023 would far exceed the magnitude of the 2008 financial crisis. Noting that office towers in San Francisco have depreciated significantly, he noted that once-favorite properties have lost 70% of their value since 2019. Speculating on the future of such buildings in “awakened” cities, the author suggested that they be repurposed as homes for the homeless.
Despite the economic uncertainty, in early April the author expressed optimism regarding BTC’s prospects. In particular, he underlined its outstanding performance, which is already above 100%. Kiyosaki advocated diversification by buying more gold and silver to protect one’s wealth. The rationale behind these investments stemmed from a lack of faith in the Fed, Treasury and government, which he described as “liars”.
WHY I ❤️BITCOIN: Years ago I watched BC climb to $20k then drop to 0. I thought BC finished. Slowly watched BC climb to $6 k & I bought lots. WHY? Because people support BC not FED or Gov. BC did not need FED or Gov bailout because BC people’s money. BC to $100k. Long live BC.
— Robert Kiyosaki (@theRealKiyosaki) April 21, 2023
NEWS CONTINUES BELOW
In his latest tweet, Kiyosaki said, crypto- reiterating his belief that the asset is an important asset during economic turmoil, encouraging individuals to view Bitcoin as a safe haven for capital.