Robert Kiyosaki, the author of the bestselling book ‘Rich Dad Poor Dad’, is on the stage again. This time, Kiyosaki claims, based on the Stansberry Research report, that Tuesday, February 14, will turn into a real carnage in Bitcoin and financial markets.
“Gold, silver, Bitcoin will crash, but…”
Robert Kiyosaki, who is also seen as the doomsday mobster, alludes to the notorious mafia action of the Al Capone gang in the late 1920s. Like 94 years ago, this Valentine’s Day will have actors. However, this time, US inflation data will be on the scene. cryptocoin.comAs you follow, the latest US CPI data will be released on February 14. CPI data is very important for markets as it will affect the Federal Reserve’s policy. The data will determine the future direction of the Fed’s monetary policy. Hence, it will affect financial assets and especially the riskiest ones. In this case, naturally, cryptocurrencies, which are in the most risky category, come to mind.
Robert Kiyosaki begins his remarks by reminding that more than 144,000 people lost their jobs in the tech industry in 2022. It also notes that 66,000 more people have been laid off so far this year. The famous writer made a post on Friday that he suggested that everything, including gold, silver and Bitcoin, will collapse. However, he also told his followers that there was no need to panic. Because he sees this collapse as an opportunity to buy more gold, silver and Bitcoin, which he calls ‘real money’. After all, he is also happy to give ‘fake’ dollars for real money. In this context, Kiyosaki shared the following:
Collapse is near.… Everything will collapse, including gold, silver, Bitcoin prices. No need to panic. There is good news too. I will buy more gold, silver, Bitcoin, that is, real money with fake dollars.
“When the Fed returns, those who buy these will be rich!”
As you may recall, Kiyosaki often claims that gold, silver and BTC are real money, while the US dollar is fake. Because the dollar, like gold, depends on the ‘full faith and credit’ of the USA, rather than on ‘real money’. In addition, Kiyosaki has repeatedly stated that he does not trust the Biden administration, the Treasury, the Federal Reserve or Wall Street. It seems that this distrust also lays under his claims.
It is not in vain that we call it ‘doomsman’. Because Kiyosaki shows up once in a while saying ‘the biggest collapse in world history is coming’. There is an irresistible temptation here to seem to have warned if this should ever happen. In October last year, he advised investors to buy gold, silver and Bitcoin, saying the stock, bond and real estate markets would collapse as the Fed continues to raise interest rates. Because he hopes Bitcoin investors will get richer if the Fed makes a comeback and starts quantitative easing. Also, the famous writer suggested that the US dollar would fall in October last year. In addition, he warned of rising bankruptcies, unemployment and homelessness, saying we are in a global recession recently.
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