Robert Kiyosaki, author of “Rich Dad, Poor Dad” and famous BTC investor, thinks that investing in Bitcoin, gold and silver should be done instead of a diversified stock portfolio.
The famous multi-millionaire shared his claim via Twitter, saying it’s “too risky” to invest in stocks, bonds and exchange-traded funds (ETFs) in times of uncertainty. told.
“For years, I’ve been saying, ‘It’s risky advice to save money and invest in a well-diversified portfolio of stocks, bonds, mutual funds, and ETFs. Today, it is very risky advice. Even as prices go up and down, I still believe gold, silver and Bitcoin are the best for uncertain times. Be careful.”
Kiyosaki’s prediction is based on a potential economic collapse scenario. According to the author, as the Fed continues to print billions of dollars, people will lose faith in the dollar. The famous author believes that eventually people will flee to gold, silver and Bitcoin. As a result, he claims that Bitcoin will reach $500,000 by 2025.
Besides, Kiyosaki is not the only bleak prediction of an economic collapse. Michael Burry has been predicting a stock market crash similar to the dot com bubble of the early 2000s for months.
Kiyosaki and Bitcoin
Koinfinans.com As we have previously reported, Robert Kiyosaki regularly shares his views on Bitcoin, especially in recent months. For example, the famous author stated that he traded Bitcoin before, but did not believe in its value. He expressed interest in investing long-term in cryptocurrencies once Bitcoin drops to $1,100.
Later, the author also said that the big crash of the markets he predicted in 2013 is almost here and the time to get rich with the help of digital currencies is approaching.
In addition, the once best-selling author filed for bankruptcy through one of his companies, Rich Global LLC, in 2012.
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Source : the crypto basic