Rich Dad Poor Dad Author Robert Kiyosaki, best known for his book, shared his views on several crypto assets and gold as potential ways to weather a global recession and storm.
posting on twitter Robert KiyosakiHe said he was confident a market crash was inevitable. Citing the recent reversal of Treasury yields as evidence, Kiyosaki is quite confident about it.
The two-year treasury yield once again managed to rise over 10 years, as it did last week. A reversal is often considered a potential harbinger of a serious market crash and recession approaching.
REPO MARKET INVERSION. Last time this happened was 2008. Be careful. Recession and crash coming. Weak businesses & greedy investors to fail. In 2008 I borrowed $300 million to buy great real estate, at bargain prices. Time to get rich coming again. TIME TO GET SMART not greedy.
— therealkiyosaki (@theRealKiyosaki) April 1, 2022
Kiyosaki shared a recent trip to a grocery store as further proof of what’s going on in the real world.
“INFLATION: What could become more valuable? Converse tuna or Silver Medal (Silver Eagles used the term)? I bought tuna for $25 worth. I put a $25 silver medal next to the tuna. Which do you think will increase in commodity value in 2027, that is, in five years? Tuna or silver?
My answer is pretty clear. If after 5 years the tuna is $25 a can and the silver medal is $250, the facts do not change. If something like this comes close, we’re all screwed. The revolution is starting because 40% of Americans have less than $1,000. A $25 can of tuna would bankrupt everyone and even the USA!”
Kiyosaki accuses President Biden of continuing to devalue the dollar and Bitcoin (BTC)He says that with Ethereum (ETH) and Solana (SOL), gold is the best option for investors.
“Will Smith slapped Chris Rock at the Oscars. Biden also slapped Putin on the world stage. The world is in trouble with toxic masculinity. The national debt will go through the roof. Biden is causing inflation and blaming Putin. The dollar is about to explode. I suggest you buy more gold, silver, Bitcoin, Ethereum and Solana before WW3.”
Claims of Kiyosaki’s “great collapse” are frequently on the agenda, do you think these rumors are true or are they just claims made to gain popularity?
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.